Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
U.S. stock index futures point to a higher open on Monday morning as the White House sought to calm investors over growing concerns about the U.S. economy.US Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
U.S. producer prices rose moderately in April, but underlying inflation pressures at the factory gate appeared to be picking up.
The Labor Department said on Thursday its producer price index for final demand increased 0.2% last month after jumping 0.6% in March. In the 12 months through April, the PPI increased 2.2%, matching March's rise.
Economists polled by Reuters had forecast the PPI gaining 0.2% in April and increasing 2.3% on a year-on-year basis.
A key gauge of underlying producer price pressures that excludes food, energy and trade services increased 0.4% last month. That was the largest rise since January 2018 after being unchanged in March. The so-called core PPI increased 2.2% in the 12 months through April after rising 2.0% in March.
Price pressures have remained moderate despite a strong economy and tightening labor market. The Federal Reserve's preferred inflation measure, the core personal consumption expenditures (PCE) price index increased 1.6% in the year to March, the smallest gain in 14 months, from 1.7% in February. The U.S. central bank last week kept interest rates unchanged and signaled little desire to adjust monetary policy anytime soon. Fed Chairman Jerome Powell said inflation had been "somewhat weaker," but believed the softer readings "may wind up being transient."
Last month, wholesale energy prices rose 1.8% after jumping 5.6% in March. Goods prices increased 0.3% last month after surging 1.0% in March.
Wholesale food prices fell 0.2% in April. Core goods prices were unchanged after rising 0.2% in March.
The cost of services edged up 0.1 % in April after increasing 0.3% in the prior month. Prices for health-care services increased 0.3% last month. Those healthcare costs feed into the core PCE price index.