Wholesale inflation cooled last month in latest sign that price pressures are slowing
WASHINGTON (AP) — Wholesale inflation cooled last month in latest sign that price pressures are slowing.
Latest stories
Yahoo Finance AUMacquarie Bank slashes interest rates to lowest in Australia as pressure heats up on RBA
It could be further indication that the central bank is about to cut the official cash rate.
- Euronews
Macron warns of precarious time for Europe as he visits Berlin
German Chancellor Olaf Scholz welcomed French President Emmanuel Macron in Berlin on Wednesday. During Macron's fourth visit to Germany this year, the French leader voiced concerns over the future of Europe.
- Bloomberg
China Ready for $1.4 Trillion Fiscal Bazooka, Top Economist Says
(Bloomberg) -- A leading economist in China said the country has room to ramp up fiscal support for the economy by issuing as much as 10 trillion yuan ($1.4 trillion) in special debt, reflecting rising expectations for Beijing to expand public spending as part of its stimulus package.Most Read from BloombergThe Corner Store ComebackA Housing Crisis Brews in Rwanda’s Capital CityGang Violence Is Moving to the Amazon’s Fast-Growing CitiesA 7,000-Year-Old City Emerges as a Haven from Dubai’s Sky-Hi
- Australian Associated Press
Expert rejects supermarket land banking concerns
A retail expert says it's "not unreasonable" for supermarkets to spend years developing sites for stores, as the government moves to crack down on land banking.
- Reuters
Analysis-Dollar bears eye shifts in global yields, growth to play weakening US currency
Traders gauging how to best play a sliding U.S. dollar are eyeing the relative strength of economies around the world, as rate cuts from global central banks shake up currency markets. Pressure on the U.S. currency increased after the Fed delivered a jumbo-sized 50 basis point cut last month, its first reduction since 2020. How much further the dollar falls and which currencies will benefit may largely be a question of yields.
- BBC
Interest rates could fall more quickly, hints Bank
Governor Andrew Bailey hints that borrowing costs could come down faster if inflation stays in line.
- Bloomberg
Macron Backs Temporary Extra Tax on Large French Companies
(Bloomberg) -- French President Emmanuel Macron endorsed a temporary tax on the country’s largest companies, supporting his new government’s strategy even as it departs from his longstanding pro-business stance. Most Read from BloombergThe Corner Store ComebackA Housing Crisis Brews in Rwanda’s Capital CityGang Violence Is Moving to the Amazon’s Fast-Growing CitiesA 7,000-Year-Old City Emerges as a Haven from Dubai’s Sky-High RentsNew Rowhouses in London That Offer a Bridge to the 19th CenturyTh
- Bloomberg
Morgan Stanley Warns of 70,000 US Monthly Jobs Hit From Trump Tariffs
(Bloomberg) -- Most Read from BloombergA 7,000-Year-Old City Emerges as a Haven from Dubai’s Sky-High RentsGang Violence Is Moving to the Amazon’s Fast-Growing CitiesA Housing Crisis Brews in Rwanda’s Capital CityNew Rowhouses in London That Offer a Bridge to the 19th CenturyClimate Migrants Stand to Overwhelm World’s MegacitiesMorgan Stanley economists estimated that implementation of Republican tariff-hike proposals would drive up inflation and impose a hit to US economic growth that undercuts
- Fortune
America’s corporate tax rate is right where it should be
'The reality is that the growth in jobs and wages is contingent on a healthy private sector,' writes former chair of Ways and Means Committee Kevin Brady.
- Associated Press Finance
Speaker Johnson lays out agenda for Republicans as they fight to hold House majority
Speaker Mike Johnson laid out on Tuesday a policy agenda should Republicans take the majority next year that extends the tax cuts approved when Donald Trump was president, reduces the size of the federal workforce and gives parents more choice on where they can send their children to school. Johnson emphasized five main policy points during a speech at the New York Stock Exchange.
- Sky News
Reeves eyes new year trip to China to bolster trade ties
Rachel Reeves, the chancellor, is drawing up plans for a visit to China early next year that would include resuming a key financial services trade summit for the first time since 2019. Sky News has learnt that the Treasury is in detailed discussions with Chinese counterparts about holding a UK-China Economic and Financial Dialogue (EFD) as early as January. Deteriorating political relations and the pandemic conspired to prevent further chapters of what was intended to be an annual summit taking place since then, but Whitehall sources confirmed on Tuesday that an EFD was now "likely" early next year.
- The Independent
UK politics live: Boris Johnson dismissed Barnard Castle row as ‘lefty journalists angry over Brexit’
Boris Johnson reveals he rejected calls to sack Dominic Cummings during the pandemic
- NewsWire
Man accused of pouring coffee on baby ID’d
Police will allege the man committed what one officer has described as one of the “most heinous” attacks he’s seen.
- Yahoo News Australia
Dozens of swimmers flee as huge predator spotted in shallows at Aussie beach
The scenes prompted Surf Lifesaving officials to issue a stark warning to locals and travellers alike as Australia heads into summer.
- The Daily Beast
Trump’s Heartless Reaction to Pence Being in Danger Revealed in Bombshell Filing
A bombshell filing out of Donald Trump’s election subversion case was unsealed Wednesday, revealing a trove of damning allegations about how the former president acted on and around Jan. 6, 2021. Among the nastiest accusations in the 165-page document was how Trump allegedly reacted to learning from an aide that his vice president, Mike Pence, had been taken to a secure location in the U.S. Capitol for his safety. Trump’s alleged response to that news: “So what?”Read more at The Daily Beast.Get
- Yahoo News Australia
'Rarely seen' deep-sea creature washes ashore on Aussie beach: 'Impressive'
There's one main reason why we're seeing less and less of these 'magnificent' creatures.
- HuffPost
Democratic Senator Questions If Trump Is OK After Yet Another Onstage Flub
Sen. Brian Schatz of Hawaii wondered "if there’s something actually going on" with the former president.
- The Independent
What about crowd size? 43ft nude Trump statue erected along Las Vegas highway
The tribute to the Republican candidate leaves little to the imagination
- The Independent
The extreme body horror film prompting mass cinema walkouts around the world
The movie is even shocking those who aren’t easily rattled
- Yahoo Sport Australia
Details emerge as Michael Schumacher 'seen in public' for first time since tragic accident
Details about Michael Schumacher have been scant over the last 11 years. Read more here.