Business
Stock market today: Wall Street holds steadier after its slide on worries about rates
By Stan Choe, The Associated Press on April 11th, 2024
NEW YORK (AP) – U.S. stocks are holding firmer Thursday, a day after tumbling on worries that interest rates may stay high for a while. The S&P 500 was virtually unchanged in early trading. The Dow Jones Industrial Average was down 45 points, or 0.1%, as of 9:45 a.m. Eastern time, and the Nasdaq composite ... Read More »
Be the first to comment!US producer prices rose 2.1% from last year, most since April, but less than forecasters expected
By Paul Wiseman, The Associated Press on April 11th, 2024
WASHINGTON (AP) – U.S. producer prices rose rose in March from a year earlier at the fastest pace in nearly a year, but the gain was less than economists expected. And wholesale inflation eased on a month to month basis. The Labor Department said Thursday that its producer price index – which measures inflationary pressure ... Read More »
Be the first to comment!Stock market today: Wall Street steadies after its slide on worries about rates as yields ease
By Elaine Kurtenbach And Matt Ott, The Associated Press on April 11th, 2024
NEW YORK (AP) – U.S. stocks are holding firmer, a day after tumbling on worries that interest rates may stay high for a while. The S&P 500 was up 0.2% early Thursday. The Dow rose 56 points, and the Nasdaq composite was 0.4% higher. In the bond market, which has been driving much of Wall ... Read More »
Be the first to comment!Cineplex reports March box office revenue up 46 per cent from year ago
By The Canadian Press on April 11th, 2024
TORONTO – Movie theatre company Cineplex Inc. says its box office revenue for March was up 46 per cent compared with a year ago, helped by “Dune: Part Two” and “Kung Fu Panda 4.” The company says its box office revenue totalled $59.2 million for the month, up from $40.6 million in the same month ... Read More »
Be the first to comment!US producer prices rose 2.1% from last year, most since April, as inflation proves hard to shake
By Paul Wiseman, The Associated Press on April 11th, 2024
WASHINGTON (AP) – U.S. producer prices rose rose in March from a year earlier at the fastest pace in nearly a year, but the gain was less than economists expected. And wholesale inflation eased on a month to month basis. The Labor Department said Thursday that its producer price index – which measures inflationary pressure ... Read More »
Be the first to comment!US producer prices rose 2.1% from last year, most since April, as inflation remains stubborn
By Paul Wiseman, The Associated Press on April 11th, 2024
WASHINGTON (AP) – U.S. producer prices rose in March from a year earlier at the fastest pace in nearly a year, offering more evidence that progress against inflation may have stalled this year and raising doubts about the timing of any interest rate cut from the Federal Reserve. The Labor Department said Thursday that its ... Read More »
Be the first to comment!Fewer Americans file for jobless claims as labor market continues to shrug off higher interest rates
By Matt Ott, The Associated Press on April 11th, 2024
WASHINGTON (AP) – Fewer Americans applied for jobless benefits last week as the labor market continues to thrive despite the Federal Reserve’s efforts to cool it. The Labor Department reported Thursday that filings for unemployment claims for the week ending April 6 fell by 11,000 to 211,000 from the previous week’s 222,000. The four-week average ... Read More »
Be the first to comment!European Central Bank leaves rates unchanged as world’s central banks wrestle with when to cut
By David Mchugh, The Associated Press on April 11th, 2024
FRANKFURT, Germany (AP) – The European Central Bank left its key interest rate benchmark unchanged Thursday, choosing to wait for confirmation that rapidly receding inflation is firmly under control before cutting rates to support an economy that’s struggling to grow. The bank’s rate-setting council said in its post-decision statement that, “Most measures of underlying inflation ... Read More »
Be the first to comment!Entry to housing market feels out of reach for 76% of non-owners: CIBC poll
By The Canadian Press on April 11th, 2024
TORONTO – A new poll done for CIBC says 76 per cent of Canadians who don’t own a property say entry to the housing market feels out of reach. The bank says the online survey done in February found that 70 per cent of non-owners cited overpriced markets as one of the main barriers to ... Read More »
Be the first to comment!Vietnam sentences real estate tycoon Truong My Lan to death in its largest-ever fraud case
By Aniruddha Ghosal, The Associated Press on April 11th, 2024
HANOI, Vietnam (AP) – Real estate tycoon Truong My Lan was sentenced Thursday to death by a court in Ho Chi Minh City in southern Vietnam in the country’s largest financial fraud case ever, state media Vietnam Net said. The 67-year-old chair of the real estate company Van Thinh Phat was formally charged with fraud ... Read More »
Be the first to comment!China sanctions 2 U.S. defense companies and says they support arms sales to Taiwan
By Associated Press, The Associated Press on April 11th, 2024
BEIJING (AP) – China on Thursday announced rare sanctions against two U.S. defense companies over what it said is their support for arms sales to Taiwan, the self-governing island democracy Beijing claims as its own territory to be recovered by force if necessary. The announcement freezes the assets of General Atomics Aeronautical Systems and General ... Read More »
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