US retail sales rise 0.1% in May from April as inflation and high interest rates curb spending

This Week: Existing home sales, retail data for May and Kroger's first-quarter results

A look at some of the key business events and economic indicators upcoming this week: RETAIL RECEIPTS The Commerce Department on Tuesday reports retail sales data for May. Analysts expect that retail sales rose 0.3% last month after stagnating in April....

Germany's biggest industrial union seeks a 7% raise for millions of workers

BERLIN (AP) — Germany's biggest industrial union said Monday it will seek a 7% pay increase for millions of workers in negotiations starting later this year, arguing that companies including automakers and machinery manufacturers are in a position to afford it. The IG Metall...

Anxiety over persistent inflation helps drive down US consumer sentiment for third consecutive month

WASHINGTON (AP) — U.S. consumer sentiment fell in June for the third straight month as Americans took a dimmer view of their own finances and worried about persistent inflation. The University of Michigan’s consumer sentiment index, released Friday in a preliminary version,...

High orange juice prices may be on the table for a while due to disease and extreme weather

MOGI GUACU, Brazil (AP) — Orange juice prices have always been volatile, falling when bumper harvests create an oversupply of oranges and rising when frost or a hurricane knocks out fruit trees. But the record-high prices the world is seeing for OJ right now may be on the table for...

Greece's prime minister tweaks his government to focus on cost of living and labor

ATHENS, Greece (AP) — Greek Prime Minister Kyriakos Mitsotakis tweaked his Cabinet on Friday with a focus on cost-of-living and labor policies after his center-right party's victory in Europe's parliamentary elections. Despite a recent dip in inflation, polls consistently show most...

Broadcom, Korn Ferry rise; Signet Jewelers, Repligen fall, Thursday, 6/13/2024

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Thursday: John Wiley & Sons Inc., up $4.42 to $40.90. The publisher's fiscal fourth-quarter earnings and revenue beat analysts' forecasts. Broadcom Inc., up $183.48 to...

Argentina's monthly inflation falls to 4.2%, the lowest in two years, even as annual inflation remains near 300%

US wholesale prices dropped in May, adding to evidence that inflation pressures are cooling

WASHINGTON (AP) — Wholesale price increases fell in May, the latest sign that inflation pressures in the United States may be easing as the Federal Reserve considers a timetable for cutting interest rates. The Labor Department reported Thursday that its producer price index —...

Cars? Pork? Perfume? China has many options if a trade war breaks out with Europe

BEIJING (AP) — Now that Europe has announced tariffs on China-made electric cars, the continent is bracing to see if the other shoe drops. Will China retaliate with tariffs on European cars, taking aim at Germany's BMW and Mercedes? Would it put tariffs on agricultural products,...