The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
The U.S. Air Force's top general says he has not yet received direction to send additional bombers to the Middle East after what is believed to be an Iranian attack on Saudi...Defenseread more
"I believe the path to 'health care for all' is a path following the lead of the Affordable Care Act," House Speaker Nancy Pelosi tells Jim Cramer.Health and Scienceread more
E-cigarette maker Juul Labs Inc.'s sales have been halted on two websites in China, just days after it launched in the world's biggest tobacco market.Biotech and Pharmaceuticalsread more
Investors might be wary that gasoline prices will continue to rise, and are looking to take back profits by selling off shares.Retailread more
The Trump administration move on California's auto emissions standards would likely set up a fight between the White House and the state.Politicsread more
Euro zone inflation rose to 1.5 percent year-on-year in August, narrowly beating analyst expectations and edging slightly closer to the European Central Bank's (ECB) target, according to flash estimates released by Eurostat on Thursday.
The European Union's statistics office projected consumer prices in the euro zone would reach its highest level in four months in August. The estimate is the highest rate since April, when inflation stood at 1.9 percent, and could raise expectations that the ECB will soon start to wind down its ultra-loose monetary policy.
Eurostat's August forecast of 1.5 percent is up from 1.3 percent in July and above market expectations for a 1.4 percent rise.
Meanwhile, core inflation - a measure which excludes the two most volatile components of food and energy and is closely watched by the ECB - was stable at 1.3 percent in August. Market expectations had predicted core inflation rates would slip to 1.2 percent this month.
Last week, ECB President Mario Draghi had called for investors to remain patient regarding the furor over the central bank's ultra-loose monetary policy. Speaking at Jackson Hole on Friday, Draghi stressed that more time would be required in order for inflation to reach the 19-member bloc's target of 2 percent.
However, higher-than-expected inflation estimates on Thursday are likely to increase the pressure on ECB officials ahead of a policy meeting next week.
On Wednesday, German and Spanish consumer prices were stronger-than-anticipated in August. German consumer prices rose 1.8 percent in August, according to the Federal Statistics Office, up from a 1.5 percent annual increase last month. Meantime, Spain's harmonized consumer prices rose 2 percent when compared to the same period 12 months ago, amid strong growth in the bloc's fourth largest economy.
In a separate release on Thursday, the EU statistics office said the euro zone's unemployment rate was 9.1 percent in July, the same level as the month previous and the lowest rate since February 2009.
Elsewhere, energy products rose 4 percent in August on an annual basis. This marked a 2.2 percent increase from July.