Tag: Boston Herald
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Ticker: Inflation ticks up in May; Google offers buyouts
U.S. inflation picked up a bit last month as higher prices for groceries and some imported goods were largely offset by cheaper gas, travel services, and rents. Consumer prices increased 2.4% in May compared with a year ago, according to a Labor Department report released Wednesday. That is up from a 2.3% yearly increase in
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Fingers crossed! Talks to avoid recession begin
U.S. stocks drifted through a quiet Monday as the world’s two largest economies began talks on trade that could help avoid a recession. The S&P 500 edged up by 0.1% and is within 2.3% of its record, which was set in February. The Dow Jones Industrial Average slipped by 1 point, which is well below
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Detroit auto parts company that sued over ‘crippling’ tariff policy could close in weeks
Detroit Axle, a large aftermarket auto parts dealer, says it may go out of business within weeks unless it gets certain tariff relief on the goods it imports from China. The company sued President Trump’s administration last month over a tariff policy that ended the “de minimis” exemption, which previously allowed small-value packages from China