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U.S. consumer prices rose a seasonally adjusted 0.1% in May, mainly because of higher costs of housing, electricity and natural gas, the Labor Department said Tuesday. Energy prices rose 0.4% even though the cost of gasoline was flat in adjusted terms. Food prices dipped 0.1%. The core CPI, which excludes volatile food and energy costs, rose 0.2%. Economists surveyed by MarketWatch had forecast a 0.2% increase in the broad CPI and a 0.1% uptick in the core rate. Consumer prices have risen an unadjusted 1.4% in the past 12 months, and by 1.7% on a core basis. Real or inflation-adjusted hourly wages, meanwhile, fell by 0.2% in May. Real wages have risen a scant 0.5% over the past 12 months.Copyright © 2013 MarketWatch, Inc....
Neiman Funds Management Partner Dan Neiman and Strategic Financial Group CIO Lincoln Ellis on the outlook for the markets and the stocks to boost investors’ portfolios.
A Congressman on Wednesday called on the Department of Justice to investigate JPMorgan Chase & Co's power trading in Michigan, as the Federal Energy Regulatory Commi...
Share prices fell on Wednesday after a Tuesday rally sent both the Dow and S&P 500 out near all-time highs.The sell-off appeared to be driven primarily by profit tak...
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While much of corporate America is retrenching on the real estate front, the four most influential technology companies in America are each planning headquarters tha...
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Germany's economy will recover from a bout of winter weakness but fall well short of the dynamic growth rates of previous years as euro zone recession and global slo...
Thursday's trading session may have been the most glaring example of just how powerful the bull market in U.S. stocks is right now. Even though all of the major aver...
German steelmaker Salzgitter AG (SZG.XE) Thursday warned that high commodity and energy prices will continue to depress its earnings in coming months as demand in mu...
Below is the text of Federal Reserve Chairman Ben Bernanke's prepared testimony on the U.S. economy to the congressional Joint Economic Committee on Wednesday.Chairm...
The four major asset markets are tied together through several key relationships. Stocks and bonds are typically inversely related. When bond prices rise stock pri...
PORTLAND, Ore.--The leader of the Federal Reserve Bank of San Francisco is open to cutting the central bank's bond-buying program at some point over the next few mon...
U.S. producer prices rose more than expected in May as gasoline prices rebounded, but underlying inflation pressures remained muted, which could argue against an ear...
U.S. wholesale prices jumped a seasonally adjusted 0.5% in May to mark the first increase in three months, spurred by higher costs for gasoline, eggs and light truck...
The Real Deal Senior Editor Trae Bodge on how to lower your energy bill this summer.
The U.S. stock market fell on Wednesday for the third straight session as investors continued to mull the timeline for the Federal Reserve to ratchet down its stimul...
The Haverford Trust Company CIO Hank Smith and Bernstein Global Wealth Management CIO Seth Masters debate whether dividend stocks are still a good investment.
Stocks fell on Tuesday, although a late day rally lifted share prices off of their worst levels of the session.The move lower comes as volatility has picked up in th...
Despite a very disappointing ISM reading for May which caused volatility in the currency markets, stocks did well to start the week on Monday. Blue chips led the way...
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