Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Kudlow also said that he still expected Chinese negotiators to meet with Trump administration officials in Washington in September to continue trade talks.Politicsread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
Google says it shut down hundreds of YouTube channels tied to misinformation around the Hong Kong protests.Technologyread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Investors are rushing to get a piece of its privately held rival Impossible Foods before it goes public, according to the Wall Street Journal.Food & Beverageread more
Weisler has been CEO at the company since 2015 when it split from HPE.Technologyread more
Apple CEO Tim Cook has found the "recipe" for a positive relationship with the president, management expert Jeffrey Sonnenfeld told CNBC on Thursday.Politicsread more
China's April consumer inflation was in line with expectations, but a spike in pork prices contributed to higher food prices, the National Bureau of Statistics data showed on Thursday.
Overall consumer price index (CPI) in April rose 2.5% from a year ago, meeting analysts' expectations and slightly higher that the 2.3% year-on-year in March.
However, food consumer price inflation rose 6.1% from a year ago in April compared to a 4.1% rise a month earlier, data from the bureau showed. Pork prices, in particular, soared 14.4% on-year and 1.6% on-month. China's hog herd has been hit by African swine fever in recent months.
April non-food inflation was 1.7 percent.
Producer price inflation (PPI) — a gauge of industrial profitability — rose 0.9% from a year ago in April, the fastest pace since December 2018. That was up from a 0.4% year-on-year increase in March, and higher than the 0.6% increase economists polled by Reuters expected.
Although both CPI and PPI picked up in April, "this shouldn't be interpreted as evidence of stronger domestic demand" as the inflation was driven mainly by supply-side disruptions, said Julian Evans-Pritchard, senior China economist at Capital Economics.
"With economic growth unlikely to stage a strong recovery and industrial commodity prices likely to drop back before long, we don't anticipate much upside to PPI and non-food CPI," Evans-Pritchard wrote in a note on Thursday.
The latest set of economic data came amid heightened tensions in the U.S.-China trade conflict.
At a rally on Wednesday night, U.S. President Donald Trump said Beijing "broke the deal" in the ongoing U.S.-China trade talks.
"By the way, you see the tariffs we're doing? Because they broke the deal. They broke the deal," Trump said. "They broke the deal. They can't do that, so they'll be paying."
Trump surprised markets over the weekend when he threatened in a Twitter post that he would significantly raise American levies on Chinese goods — with a first increase this coming Friday, and another "shortly."
The president said trade talks with China had been moving "too slowly." That came as a shock to many observers since recent reports had indicated the world's two largest economies could be set to sign an agreement as early as this week.
China, for its part, said earlier Wednesday that Beijing will retaliate if U.S. tariffs on $200 billion of Chinese goods are hiked to 25% from 10% as Trump had threatened.
— CNBC's Everett Rosenfeld and Reuters contributed to this report.