According to China's top economic planning body, some local companies are cutting back on their efforts to hire new university graduates.China Economyread more
Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Paris Air Showread more
Markets in Asia were mostly higher in Tuesday trade as investors awaited the start of a closely-watched meeting by the U.S. Federal Reserve, set to kick off later stateside.Asia Marketsread more
Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Chinese President Xi Jinping will travel to North Korea this week for a two-day visit, ahead of a possible meeting between Xi and President Donald Trump at next week's G-20...Politicsread more
The Pentagon said that the crew of one of the tankers, the Japanese Kokuka Courageous, found an unexploded limpet mine on its hull following an initial explosion.Politicsread more
Despite the popularity of companies like Beyond Meat and Impossible Foods, meat consumption around the world continues to rise.Food & Beverageread more
Electronic material that Infowars host Alex Jones turned over to families of Sandy Hook Elementary School shooting victims who are suing him contained images of child...Politicsread more
Facebook's reported move into cryptocurrency could amount to the biggest catalyst for digital assets in their decade-long history, some crypto investors say.Bitcoinread more
In a 7-2 ruling, over dissents from Justices Ruth Bader Ginsburg and Neil Gorsuch, the justices affirmed the so-called "dual sovereignty" exception to the Constitution's...Politicsread more
Eleven banks that lend to shipping lines announced Monday that climate impact will be integrated into the criteria that determines how much shipping companies can borrow, an...Transportationread more
U.S. producer prices were flat in August as the cost of energy products declined and trade services fell, but underlying producer inflation firmed.
The Labor Department said on Thursday the unchanged reading in its producer price index for final demand followed a 0.4
percent drop in July. In the 12 months through August, the PPI was unchanged after decreasing 0.2 percent in July.
Economists polled by Reuters had forecast the PPI nudging up 0.1 percent last month and gaining 0.1 percent from a year ago.
Producer prices have been dampened by a strong dollar and cheaper oil. But some of the drag is easing with the dollar rally appearing to have peaked early this year and oil prices having pushed off multi-decade lows.
Inflation has persistently undershot the Federal Reserve's 2 percent target, also constrained by sluggish wage growth.
Last month, trade services — which measure changes in margins received by wholesalers and retailers — fell 0.6 percent
after declining 1.3 percent in July. Energy prices fell 0.8 percent after dropping 1.0 percent in July.
Health care costs increased 0.4 percent last month after rising 0.3 percent in July. The cost of doctor visits, dental and hospital outpatient care also rose. Healthcare costs feed into the Fed's preferred inflation measure, the core personal consumption expenditures (PCE) index.
A key gauge of underlying producer price pressures that excludes food, energy and trade services increased 0.3 percent month after being unchanged in July.
The so-called core PPI increased 1.2 percent in the 12 months through August, the biggest gain since December 2014. It increased 0.8 percent in June.