US Fed’s favored inflation gauge cools in September
Apple reported revenues Thursday that narrowly surpassed analyst expectations, sending shares lower in after-hours trading even as the company enjoyed a boost from iPhone sales. The tech giant saw quarterly revenue of $94.9 billion in the three months ending September 28, up from the same period last year, in a closely watched report as investors […]
Inflation Dips to 4%, Lowest Level in Two Years
Consumer prices rose 0.1% in May, their lowest annual pace of increase in two years as lower energy contributed to the easing, the Labor Department reported on Tuesday. Year over year, the rate of inflation dipped to 4% from 4.9% in April. Excluding often volatile food and energy costs, the core CPI rose 0.4%, or […]
