Consumer prices rose 0.3%, more than expected; annual rate at 3.1%

Inflation rose more than expected in January as stubbornly high shelter prices weighed on consumers, the Labor Department reported Tuesday. The consumer price index, a broad-based measure of the prices shoppers face for goods and services across the economy, increased 0.3% for the month, the Bureau of Labor Statistics reported. On a 12-month basis, that … Read more

Antifascists gather in Hungary to oppose annual far-right event as Italian activist remains jailed

BUDAPEST, Hungary — Antifascist activists gathered in Hungary’s capital on Saturday to oppose an annual commemoration held by far-right groups, underscoring diplomatic tensions between Budapest and Rome over the detention of an Italian citizen in a Hungarian jail. Hundreds of activists marched through central Budapest alongside a heavy police presence, and called for “freedom for … Read more

China’s annual exports drop for the first time in seven years

Containers sit at the Yangshan Port in Shanghai, China, Aug. 6, 2019. Aly Song | Reuters BEIJING — China’s annual exports fell for the first time in seven years in 2023, even as shipments in December beat expectations, customs data showed Friday. Exports rose by 2.3% year on year in U.S. dollar terms last month, … Read more

Consumer prices rose 0.3% in December, higher than expected, pushing the annual rate to 3.4%

Prices that consumers pay for a variety of goods and services rose more than expected in December, according to a Labor Department measure Thursday that shows inflation still holding a grip on the U.S. economy. The consumer price index increased 0.3% for the month, higher than the 0.2% estimate at a time when most economists … Read more

U.S. crude oil sheds more than 10% in first annual decline since 2020

A driver pumps gas at a Sunoco gas station in Washington, DC, US, on Tuesday, Nov. 28, 2023.  Al Drago | Bloomberg | Getty Images U.S. crude oil closed out the year more than 10% lower as bearish sentiment has taken over due to worries that the market is oversupplied from record production outside OPEC. … Read more

King Charles III’s annual Christmas message from Buckingham Palace includes sustainable touches

LONDON — King Charles III is giving his second Christmas message from Buckingham Palace in front of a live tree decorated with sustainable ornaments. The message to be broadcast at 3 p.m. Monday will the king’s second holiday address since he ascended the throne but the first since his coronation in May. The natural decorations … Read more

Putin, eyeing reelection, holds annual news conference and call-in show

Comment on this storyCommentAdd to your saved storiesSave With his armed forces still on the attack in Ukraine and a reelection campaign getting underway at home, Russian President Vladimir Putin on Thursday is scheduled to address his nation in an hours-long marathon news conference and call-in show for constituents. Putin’s “Direct Line” call-in show allows … Read more

Siemens Energy clinches state guarantees amid annual loss

Siemens Energy site in Muelheim an der Ruhr, Germany, August 3, 2022. Wolfgang Rattay | Reuters Siemens Energy has secured 7.5 billion euros ($8.15 billion) in project-related state guarantees from the German government, hours before announcing a nearly 5 billion euro loss for its fiscal year. The German economy ministry announced late on Tuesday that … Read more

Ice-T Reacts to Wife Coco’s Halloween Costume at Heidi Klum’s Annual Party (Exclusive)

Ice-T wasn’t surprised by his wife’s Halloween look. ET’s Rachel Smith spoke to the SVU star and his model wife, Coco Austin, at Heidi Klum’s annual Halloween bash, and they discussed dressing up in a film noir-era gangster-inspired look for the occasion. “This how she dress every day,” Ice-T quipped of his wife, who sported a cheeky … Read more