Ship captain stuck near Strait of Hormuz since February: “We are collateral victims here” – CBS News Watch CBS News The war with Iran has caused major issues for international shipping through the Strait of Hormuz. Captain Raman Kapoor and his ship have been stuck in the Persian Gulf near the strait since February. He … Read more
NEW YORK — Shoppers increased their spending in February, particularly on cars and clothing, after pulling back at the start of the year due to severe winter storms. Retail sales rose a better-than-expected 0.6% in February, from a revised 0.1% decline in January, the Commerce Department said Wednesday. But there’s concern that the Iran war, … Read more
Inflation in line with expectations as CPI climbs 0.3% in February – CBS News Watch CBS News The new Consumer Price Index released Wednesday shows inflation ticked up in February, but was in line with what experts expected. CBS News MoneyWatch correspondent Kelly O’Grady has more. Source link
The Consumer Price Index rose at an annual rate of 2.4% in February, unchanged from the prior month and representing a cooler pace than economists had forecast. The Labor Department data captures the period before the Iran war broke out in late February. Since then, oil prices have surged, driving inflation concerns among investors. “Inflation was starting to ease in … Read more
IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing February inflation rate at 0.3% month over month and 2.4% year over year 04:04 UP NEXT Drivers hit hard by surging gas prices 01:41 Markets slide as oil prices rise amid the Iran conflict 06:22 Gas prices skyrocket … Read more
China reports its exports jumped nearly 22% year-on-year in January to February, while shipments to the US fell 11% Source link
IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing U.S. economy lost 92,000 jobs in February 01:02 UP NEXT IDF releases video of underground bunker strike in Iran 00:18 World War II veteran is celebrated on 100th birthday 00:24 Sri Lankan navy video shows rescue of Iranian … Read more
IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing U.S. economy unexpectedly loses 92,000 jobs in February 04:11 UP NEXT U.S. Steel expects hiring boost as Nippon deal brings investment 03:28 How oil and gas prices could be affected by the attacks on Iran 03:35 Netflix abandons … Read more
The U.S. job market shed 92,000 jobs in February, a sharp and unexpected setback for the economy after economists had forecast job growth. By the numbers Economists polled by FactSet had predicted a payroll gain of 60,000 last month. — This is a developing story and will be updated Edited by Aimee Picchi More from … Read more
Economists hoping for a better understanding of the U.S. job market are keeping their expectations in check. The Bureau of Labor Statistics is set to announce February job numbers Friday, with the monthly data release predicted to show tepid growth due in part to a major strike in the health care industry. The U.S. jobs … Read more