Economy

The Fed’s preferred inflation measure rose 0.2% in April, as expected

Inflation rose about as expected in April, with markets on edge over when interest rates might start coming down, according…

Stocks making the biggest moves premarket: Dell Technologies, Ulta Beauty, Ambarella, Gap and more

Check out the companies making headlines in premarket trading. Dell Technologies — Stock in the personal computer and technology company…

Euro zone inflation rises to 2.6% in May, but bloc still seen heading for interest rate cut

Inflation in the euro zone rose to 2.6% in May, statistics agency Eurostat said Friday, but a higher-than-expected print did…

France is aiming to become a global AI superpower — but not without help from U.S. Big Tech

PARIS — France is touting itself as the next artificial intelligence superpower. The Viva Technology conference in Paris last week…

Fed’s favorite inflation gauge is expected to show very slow progress on Friday

Inflation is taking baby steps towards coming back to where policymakers want it, with a report due Friday expected to…

Bank of America CEO says U.S. consumers and businesses have turned cautious on spending

U.S. consumers and businesses alike have turned cautious about spending this year because of elevated inflation and interest rates, according…

Fed’s Williams says inflation is too high but will start coming down soon

NEW YORK — New York Federal Reserve President John Williams on Thursday said inflation is still too high, but he…