Canada markets close in 6 hours 28 minutes
  • Business
    The Canadian Press

    Fed's preferred inflation gauge shows price pressures stayed elevated last month

    WASHINGTON (AP) — A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed's reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden's re-election bid. Friday's report from the government showed that prices rose 0.3% from February to March, the same as in the previous month. It was the third straight month that the index has run at a pace faster than is consistent with the Fed's 2% infla

  • Business
    Reuters

    Charter Communications reports higher-than-expected broadband subscriber losses

    The broadband market continues to see slowing growth at a time when Charter is also facing stiff competition from Comcast and AT&T. Charter lost 72,000 internet customers in the first quarter, compared with estimates of losing 56,940 internet customers, according to Visible Alpha. The company added 76,000 internet customers in the same period a year earlier.

  • Business
    Bloomberg

    Stocks Rise as Inflation Signals More of the Same: Markets Wrap

    (Bloomberg) -- Wall Street traders fearing another ultra-hot inflation report got a degree of relief after the Federal Reserve’s favored price gauge was roughly in line with estimates.Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldHuawei’s New Phone Runs Latest Version of Made-in-China ChipPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesAlphabet Beats Revenue Estimates as AI Fuels

  • Business
    Bloomberg

    Fed’s Preferred Core Inflation Gauge Rose at Brisk Pace in March

    (Bloomberg) -- The Federal Reserve’s preferred gauge of underlying US inflation rose at a brisk pace in March, reinforcing concerns of persistent price pressures that are likely to delay any interest-rate cuts.Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldHuawei’s New Phone Runs Latest Version of Made-in-China ChipPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesAlphabet Beats Rev