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Asian stocks mixed after Wall St steadies amid rate fears

BEIJING ((DailyNews)) — Asian stock markets were mixed Thursday after Wall Street steadied following a plunge on worries about more U.S. interest rate hikes.Shanghai...

Jerome Powell says higher and possibly faster rate hikes could be in US future

WASHINGTON ((DailyNews)) — The Federal Reserve could increase the size of its interest rate hikes and raise borrowing costs to higher levels than previously...

Applications for jobless claims fall for 3rd straight week

The number of people applying for unemployment benefits in the U.S. fell for third straight week. That’s good news for American workers, but potentially...

US economy sending mixed signals: Here’s what it all means

WASHINGTON ((DailyNews)) — Maybe it was just too good to be true.For a few weeks in late January and early February, the U.S. economy...

Tepid outlook from Target after 4th quarterly profit dip

NEW YORK ((DailyNews)) — Target plans to invest as much as $5 billion this year expanding services for customers, including a drive up service...

Stocks steady themselves after Wall Street’s rout last week

NEW YORK ((DailyNews)) — Stocks steadied themselves Monday following Wall Street’s worst week since early December.The S&P 500 rose 12.20 points, or 0.3% to...

Survey: Business economists push back US recession forecasts

WASHINGTON ((DailyNews)) — A majority of the nation’s business economists expect a U.S. recession to begin later this year than they had previously forecast,...

Key US inflation measure surges at fastest rate since June

WASHINGTON ((DailyNews)) — The Federal Reserve’s preferred inflation gauge rose last month at its fastest pace since June, an alarming sign that price pressures...

US revises down last quarter’s economic growth to 2.7% rate

WASHINGTON ((DailyNews)) — The U.S. economy expanded at a 2.7% annual rate from October through December, a solid showing despite rising interest rates and...

Stocks stall in mixed trading day after worst drop in months

NEW YORK ((DailyNews)) — Stocks stalled in mixed trading on Wednesday, a day after falling to their worst loss since December, as Wall Street...

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