As prices for energy, food and commodities rise after Russia’s invasion of Ukraine, the impact is being felt sharply around the world. In Britain, the central bank pushed interest rates…
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Britain’s inflation rate climbed to 7 percent, the highest in 30 years.
In Britain, several pieces of dispiriting economic news arrived this week: Prices are rising at their fastest pace in 30 years, wages adjusted for inflation fell the most in nearly…
Eurozone Inflation Hits 7.5 Percent as Energy Prices Soar
PARIS — Soaring energy and food prices driven by Russia’s continued aggression against Ukraine pushed inflation in Europe last month to levels not seen in four decades, with prices in…
Instacart Cuts Its Valuation by 38 Percent, Citing ‘Turbulence’
Instacart, the grocery delivery start-up, said on Thursday that it was slashing its valuation to about $24 billion from $39 billion, in a reflection of the poor market conditions for…
Mortgage rates hit 4 percent for the first time in 3 years.
Mortgage rates topped 4 percent this week for the first time in nearly three years — and are expected to keep climbing. The rate on 30-year fixed-rate mortgages averaged 4.16…
New C.D.C. Guidelines Suggest 70 Percent of Americans Can Stop Wearing Masks
The Centers for Disease Control and Prevention on Friday offered a new strategy to help communities across the country live with the coronavirus and get back to some version of…
CPI Inflation Climbed 7.5 Percent in January, the Fastest Rise Since 1982
“My concern is that they overdo it,” Mr. Sweet, of Moody’s Analytics, said before the report. “This is not going to be easy.” But emerging trends could keep inflation high.…
Alphabet’s profit increased 36 percent to $20.64 billion in fourth quarter.
These days, there is so much uncertainty surrounding Google’s parent company, Alphabet: a global pandemic, fears of inflation gripping the U.S. economy, restive employees challenging management, and regulators and politicians…
Inflation in U.K. Hits 5.1 Percent, Highest in a Decade
Inflation in Britain rose 5.1 percent last month, the highest annual rate in more than a decade, driven mainly by jumps in the cost of gasoline and clothing. The figure…
BuzzFeed Stock Drops Nearly 24 Percent
BuzzFeed’s first week on the stock market went from bad to worse Thursday, when its stock lost nearly a quarter of its value. Its shares dropped 23.6 percent, to close…