U.S. producer prices rise modest 2.6% in May
Inflation remains mild, with little impact from tariffs so far
- By: Paul Wiseman, The Associated Press
- June 12, 2025 June 12, 2025
- 14:55
Inflation remains mild, with little impact from tariffs so far
The chief economist at one of Europe’s largest banks reflects on how U.S. volatility is shaping investors' approaches
Ontario's regulator adopts rules for returning disgorged funds to victims
Household saving rate declines for second consecutive quarter to 5.7%
U.S. filings for jobless benefits were unchanged last week, remaining at the higher end of recent ranges
Investors were allegedly misled about the value, utility and trading of the crypto token involved
Plus, it's introduced its first credit card, with an asset-back line of credit to follow
Subsidy would support roughly 71,700 purchases at an average of $26,832
The market value of fund assets rose by $221.3B year over year
New frontier for alt funds has potentially systemic implications
The deal was announced after two days of talks in London
Consumer prices rose 2.4% last month, relative to a year ago, up from a 2.3% yearly increase in April
Meanwhile, the U.S. stock market held relatively steady near its records
Paper calls for guardrails against negative side effects of digital innovation
Asset performance to weaken as growth slows and inflation, rates face pressure
Shell companies, crypto exchange processed US$470 million in drug money
In series of legal filings, regulator claims exclusive jurisdiction
Project designed to avoid creating needless burden with new regime
The Fed left its benchmark interest rate unchanged for 3rd straight meeting on Wednesday
U.S. subsidiary of CI Financial seeks to plug "gap" in Canadian ultra-high-net-worth market
Meanwhile, Canadian direct investment abroad rose 2.8% to $2.4 trillion
Powell has signalled he could stay on Fed board after term as chair ends May 15
Seasoned ETF exec will help asset manager build "an entire footprint" in the country
Plus, another BMO alum joins software firm, new faces at Manulife and Optimize Wealth, and more
Plus, a new gold bullion mutual fund and a slew of product lineup changes
Clarity for clients makes it easier to shop across carriers
At the same time, both fund types recorded positive net sales