Written by Don Lee, Published on Los Angeles Times
With higher payroll taxes starting to kick in, retail sales rose in January at their smallest rate in three months. Consumers pulled back a bit on their purchases of cars, clothes and home furnishings, the government said Wednesday.
Written by JeeYeon Park, Published on CNBC
Stocks struggled around the flatline Wednesday, a day after the Dow and S&P 500 gained to finish at fresh five-year highs, as investors digested a batch of economic and earnings reports.
Written by Julie Haviv, Published on Reuters
The yen dropped against the dollar and euro in volatile trade on Wednesday, returning to its months-long trajectory, as remarks from Russia’s deputy finance minister gave investors the green light to start selling the Japanese currency again.
Written by SIMON NIXON, Published on WSJ
The U.K. has already buried its debt target. On Wednesday, Bank of England Governor Mervyn King performed the last rites on its inflation target—at least as it has been widely understood.
Written by Lisa Rapaport, Published on Bloomberg
Groupon Inc. surged the most in two months amid optimism that its new e-commerce service may expand to more cities, bolstering sales.