- Macro MattersU.S. consumer prices unchanged in July as cost of gasoline plunges, article with gallery
U.S. consumer prices were unchanged in July due to a sharp drop in the cost of gasoline, delivering the first notable sign of relief for weary Americans who have watched inflation climb over the past two years.
- LegalTrump refuses to answer questions in N.Y. attorney general probe
Former U.S. President Donald Trump said on Wednesday he refused to answer questions during an appearance before the New York state attorney general in a civil investigation into his family's business practices.
- MarketsWall St climbs as signs of cooling inflation ease rate hike bets, article with image
Wall Street's main indexes rose more than 1% on Wednesday after data showing a slower-than-expected rise in inflation in July prompted traders to cut their bets on a third straight 75-basis-point interest rate hike in September.
- Macro MattersExplainer: How could the new U.S. corporate minimum tax affect companies?
The main revenue source in the U.S. Senate's newly passed tax, climate and drugs bill is a novel 15% corporate minimum tax aimed at stopping large, profitable companies from gaming the Internal Revenue Service code to slash their tax bills to zero.
Talking Points
- U.S. Republicans prepare consumer watchdog, SEC probes as mid-term elections loom, article with imageUnited States ·
August 10, 2022 · 10:30 AM UTC U.S. Republican lawmakers are preparing a crackdown on the U.S. consumer and securities watchdogs in the expectation they will gain control of a key congressional committee following the November mid-term elections, according to a dozen financial lobbyists, congressional staffers and lawmakers.