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US producer prices increased above expectations in March, two months into Russia’s war against Ukraine, the US Labor Department said Wednesday.The producer price index rose 1.4% month-on-month and 11.2% annually in March — the highest rise since Novem…
US producer prices rise above expectations in March Read MoreGlaxoSmithKline (GSK) acquired US-based biopharmaceutical Sierra Oncology for £1.5 billion ($1.9 billion), according to a joint press release on Wednesday.Sierra Oncology is focused on targeted therapies for the treatment of rare forms of cancer, the s…
GSK buys Sierra Oncology for $1.9B Read MoreUS bond markets are in turmoil as geopolitical risks continue amid the Russia-Ukraine war and the Fed adopts a hawkish monetary policy stance amid inflationary pressure.Inflation has been rising since May 2021 and the Fed’s stance has continued to caus…
US bond markets in turmoil as inflation, recession worries rise Read MoreUS stocks opened higher Wednesday amid concerns about a more hawkish Federal Reserve along with turmoil in US bond markets.The Dow Jones industrial average was up 95.56 points, or 0.28%, to 34,315 while the S&P 500 rose 17.6…
US stocks higher at opening bell Read MoreOil and natural gas prices, which have been on the rise with geopolitical risks as well as the effects of the coronavirus, continue to increase the share of energy expenditures in the budgets of consumers around the world.Despite the strong consumer de…
War-driven energy price hikes fueling US inflation Read More