Wholesale prices rose 0.2% in October, in line with expectations
The producer price index was expected to increase 0.2% in October, according to the Dow Jones consensus forecast. ...
Category: Economy
Greenlight’s David Einhorn says the markets are broken and getting worse
Einhorn's frustration with passive investing is understandable. Academic research has long supported the belief that, in the long run, value outperforms…
Here’s the deflation breakdown for October 2024 — in one chart
There are still some pockets of deflation in the U.S. economy, though the dynamic has become more muted as supply…
Tencent reports profit beat on games growth, touts AI benefits
Chinese gaming and social media giant Tencent on Wednesday reported profit above analysts' expectations, while revenue missed slightly. ...
Trump tariffs — and possible exemptions — could provide opportunities for Britain
President-elect Donald Trump's proposed trade tariffs could prove boon for the U.K., with analysts pointing to potential exemptions, economic upswings…
China is catching up with the West on tech, Microsoft president says
According to Microsoft's web page about its presence in China, the company has operated there since 1992. ...
‘Everyone is calling’: Trump’s tariff threats send U.S. companies scrambling for lobbyists and loopholes
Donald Trump campaigned on hardline tariff proposals that alarmed economists, corporate America and Wall Street. ...
Dogecoin briefly surges 20% after Trump announces a Department of Government Efficiency — DOGE
Dogecoin shot higher on Tuesday night after President-elect Donald Trump formally announced the creation of the Department of Government Efficiency.…
Elon Musk is $70 billion richer since Trump victory due to Tesla stock surge
Tesla's 39% surge since Donald Trump's election victory last week has lifted Elon Musk's net worth by about $70 billion.…