Japan core inflation climbs to a 16 month high, boosting case for rate hikes

Inflation Rose in December, Putting Rate Cuts Into Question

The consumer price index rose 2.9 percent in the last month of the year, the Labor Department reports.

Inc. - Jan. 15

UK inflation unexpectedly cools to 2.5%, core price print slows further

U.K. inflation fell to a lower-than-expected 2.5% in December, with core price growth slowing further, according to data released by the Office for National Statistics.

CNBC - Jan. 15

Thames Water plans to hike bosses’ pay in response to bonus caps

UK’s debt-laden utility warns it will raise salaries if bonus restrictions are enforced by regulator Ofwat

Financial Times - Jan. 15

Storm use core player designation on Williams

Gabby Williams, who averaged a career-high 10.3 points last season, was designated as the Storm's core player and will not become an unrestricted free agent.

ESPN - Jan. 14

Human remains 'in various states of decomposition' found on public hiking trail

Human remains that had been decomposing “for an extended period of time” have been discovered just off of a public hiking trail in Utah, police said.

ABC News - Jan. 14

10-year Treasury yield touches fresh 14-month high ahead of key inflation reports

U.S. Treasury yields leapt last week after December's jobs report came in stronger than expected.

CNBC - Jan. 13

Oil futures settle at a 5-month high as U.S. tightens sanctions on Russian oil

U.S. and global benchmark crude-oil prices settled Monday at their highest since August as investors focused on the potential supply hit from further tightening of U.S. sanctions on Russia’s oil ...

MarketWatch - Jan. 13

Stocks fall back to pre-Election Day levels amid renewed inflation and interest-rate concerns

The post-Election Day rally in stock prices is fading amid forecasts that the Federal Reserve will not lower interest rates as much as expected.

NBC News - Jan. 13

Crude hits 6-month high as new US sanctions trigger global supply fears

Brent crude tops $81 a barrel after Washington targets Russian oil revenues

Financial Times - Jan. 13

India's inflation slows to lower-than-expected 5.22% in December, boosting case for rate cuts

The full year inflation forecast for the RBI's 2024 fiscal year ending June 2025 is projected at 4.8%.

CNBC - Jan. 13

FirstFT: Dollar hits 2-year high as interest rate assumptions change

Also in today’s newsletter, China’s trade surplus reached a new record and the reinvention of El Salvador

Financial Times - Jan. 13

ECB’s chief economist warns of too-low inflation if rates stay high

Philip Lane points to dangers of borrowing costs that remain ‘too high for too long’

Financial Times - Jan. 13

Air India chief hails ‘climb’ phase in carrier’s ‘national mission’ of revival

Former state-run airline now owned by Tata is spending billions to win back customers who had lost faith in its service

Financial Times - Jan. 13

This is what it could take for the Fed to hike interest rates

Some economists are now contemplating what was previously unthinkable — and they are focused on the personal-consumption expenditures price index

MarketWatch - Jan. 11

How to climb Everest in a week

An Austrian guide will soon lead trips up the world’s highest peak in less time than an average beach holiday. Is adventure travel going too high, too fast?

Financial Times - Jan. 11

California Fires Lead to Prices Hikes on Some L.A. Rentals

Despite a law against price gouging during a state of emergency, some rental listings have shot up above the allowable 10 percent overnight.

The New York Times - Jan. 10

As Gaza deaths climb over 46,000, some pin hope for a truce on Trump

Palestinian officials say the war in Gaza has killed more than 46,000 people, as some on both sides of the conflict hope for "help from Donald Trump."

CBS News - Jan. 10

High cost of weight loss drugs drives employers to require nutrition counseling, in boost for startups

Startup Virta Health saw 60% revenue growth last year, topping $100 million, driven by demand for its employer weight loss management program.

CNBC - Jan. 10

NHL Star Power Index: Connor Bedard records career-high streak, Mikko Rantanen continues to score at high rate

Penguins defenseman Erik Karlsson is also providing offensive support

CBS Sports - Jan. 10

Eye Opener: California wildfire death toll climbs

The number of dead climbs in Los Angeles, as officials face tough questions about what led to one of the most devastating fires in California history. Also, a massive winter storm is causing ...

CBS News - Jan. 10

UK government borrowing costs rise towards 16-year high

Yields jump after strong US jobs data, threatening to wipe out room for extra borrowing under Labour’s budget rules

Financial Times - Jan. 10

Death Toll Climbs in L.A. Fires, and TikTok’s Last Chance

Plus, goodbye to a hairy “Shrek” icon.

The New York Times - Jan. 10

Japan imposes new sanctions on Russia

Japan on Friday approved additional sanctions against Russia over its war on Ukraine, including freezing the assets of dozens of individuals and groups and banning exports to dozens of ...

ABC News - Jan. 10

HELOC interest rates drop to 18-month low: Should you open one now?

HELOC interest rates dropped again this week. Here are three reasons why you should open the line of credit now.

CBS News - Jan. 9

30-Year Mortgage Rate Climbs to 6.93%, the Highest Since July

Borrowing costs have been rising for months, tracking yields on government bonds. The move threatens to push more buyers and sellers to the sidelines.

The New York Times - Jan. 9

Most Fed officials were worried about higher inflation, but not enough to put rate hikes on the table, minutes of December meeting show

“Almost all” Fed officials judged that the upside risks to inflation had increased, according to minutes of the Fed’s December meeting released Wednesday.

MarketWatch - Jan. 8

Fed’s Waller backs more rate cuts, says he doesn’t think proposed Trump tariffs will spark inflation

Federal Reserve Governor Christopher Waller said Wednesday that he doesn’t think that proposed import tariffs from the incoming Trump administration will lead to upward pressure on inflation.

MarketWatch - Jan. 8

China’s currency hits 16-month low on Trump tariff fears

Renminbi under pressure from stronger dollar and concerns about incoming US president’s trade plans

Financial Times - Jan. 8

Trump: ‘Interest rates are far too high’

President-elect Trump on Tuesday declared interest rates are too high even as he decried still-elevated inflation, setting up renewed tensions with the central bank chair who resisted pressure cut ...

The Hill - Jan. 7

Another year of big wage hikes likely at big Japan firms, business lobby chair says

Yahoo News - Jan. 7

US corporate bankruptcies hit 14-year high as interest rates take toll

Consumer companies such as Party City hit by persistent inflation and weak spending

Financial Times - Jan. 7

China’s yuan hits 16-month low amid fears over Trump tariffs

CSI 300 blue-chip stock index also trades weakly, hitting its lowest point since September. China’s currency hit a 16-month low on Monday, despite efforts by the central bank and stock exchanges to ...

The Guardian - Jan. 6

German inflation rate climbs to 2.6% in December

Yahoo News - Jan. 6

39-year-old's cannabis business brings in $800,000 a month—16 years after he went to prison for selling drugs

In 2023, Coss Marte opened the first adult-use cannabis dispensary on Manhattan's Lower East Side — the same neighborhood where he once sold drugs illegally.

CNBC - Jan. 4

Mortgage rates inch up to start the year at a near six-month high. Will the housing market become more affordable in 2025?

The 30-year mortgage rate averaged at 6.91%, Freddie Mac said in its latest weekly survey on Thursday.

MarketWatch - Jan. 4

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