US Consumer Prices Rose 0.3% on Higher Gas, Housing Costs
US consumer prices rose 0.3% in April, lifted by higher gas and housing costs.
US consumer prices rose 0.3% in April, lifted by higher gas and housing costs.
US government records $160.3 billion surplus in April, but deficits so far this year up 37.7%.
New China tariffs likely to hit US consumers over time.
Wall Street capped a turbulent week with a late-day rally Friday after shaking off an early slump triggered by the latest escalation in the trade war between the U.S. and China.
US long-term mortgage rates decline; 30-year average down to 4.10%.
The U.S. government moved Thursday toward allowing new oil and gas drilling on wide swaths of federal land in California that has been off-limits since environmentalists sued in 2013.
Stocks closed broadly lower on Wall Street Thursday, extending the market’s slide into a fourth straight day, as investors braced for the possible escalation in the trade war between the U.S. and China.
Wholesale prices edge up 0.2% in April, led by jump in energy costs.
A modest rally faded in the last few minutes of trading on Wall Street, leaving stocks slightly lower Wednesday ahead of the latest round of trade talks between the U.S. and China.
Honda has reported a loss for January-March as an unfavorable exchange rate, income tax expenses and costs from changes in European production hurt results.