Inflation isn’t beaten yet. Price rises are accelerating again in Europe
CNN
Europe hasn’t quite shaken off the big, painful problem haunting its economies over the past two years.
Europe hasn’t quite shaken off the big, painful problem haunting its economies over the past two years. Annual inflation in Germany and France, the European Union’s leading economies, rose in December, and analysts expect eurozone data due on Friday to confirm the trend. If it does, it would be the first rise in inflation across the region since April. That could temper excitement among some investors that the European Central Bank (ECB) may be on the brink of cutting interest rates. In Germany, consumer price inflation (CPI) stood at 3.8% in December, up from 2.3% in November, according to an official estimate released Thursday. In France, annual CPI jumped to 4.1% in December from 3.9% the previous month, preliminary data shows. In both cases, energy prices helped drive up the headline rate of inflation. Economists were expecting the upswing in part because governments have been unwinding generous subsidies introduced to support households during the energy crisis of 2022.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
Historians and researchers are expressing “grave concern” about President Trump’s push to purge museums of information he dislikes.
One of the core voices of NPR will depart the network in late September, the latest major exit since Congress stripped federal funding for public broadcasters.
President Donald Trump on Wednesday called on a top policymaker at the Federal Reserve to resign, after one of his allies alleged that she committed mortgage fraud.
Target CEO Brian Cornell is stepping down after 11 years at the retailer, as the company faces slumping sales and backlash to its retreat on DEI.
McDonald’s is slashing the prices of its combo meals just a few weeks after the CEO publicly admitted that its menu has gotten too expensive and pledged to fix the problem.
Pizza Hut has a value problem. It hopes $5 pizzas are a solution.
While financial scams have always been around, the variety of schemes that scammers employ to steal money are easily proliferated these days with the internet, social media, AI and crypto.
Chinese refineries have moved to secure Russian oil shipments as demand from India for Moscow’s crude drops amid threats of President Donald Trump’s tariffs.
After there was no winner in Monday night’s drawing, Powerball’s jackpot has climbed to an estimated $643 million.
A lawsuit filed by families of the Uvalde school shooting victims alleging Instagram allowed gun manufacturers to promote firearms to minors should be thrown out, lawyers for Meta, Instagram’s parent company, argued Tuesday.
Treasury Secretary Scott Bessent on Tuesday threw cold water on the idea that Americans could soon receive tariff rebate checks.
Hundreds of different goods just got a lot more expensive to import into the United States, now that President Donald Trump’s 50% tariff on steel and aluminum tariffs has kicked in.
Home Depot said Tuesday that some of its prices could be going up because of the cost of tariffs.