U.S. Treasury yields rose Tuesday, adding to their sharp February gains, as traders weigh the prospects of higher tighter monetary policy for longer.
Cost cuts have replaced growth on Wall Street’s checklist, and tech executives are being celebrated for efficiency over innovation.
A Reuters poll of economists had forecast a 0.2% contraction amid a bleak overall picture for the British economy.
Investors are losing confidence in the company amid growing margin pressure and operational issues this year.
Shares of Roblox are off by more than 70% year to date as weak ad spending and the strength of the U.S. dollar weighed on the company’s revenue.
Consumers pulled back on spending in November, failing to keep up with even a muted level of inflation.
Consumer inflation likely cooled in November, but prices continue to rise at a still high rate, particularly for services.
The producer price index, a measure of what companies get for their products in the pipeline, increased 0.3% for the month and 7.4% from a year ago.
Service sector categories showed strong growth in November, while other areas lost jobs.
The U.S. unemployment rate remained unchanged at 3.7% in November.
Disney and Marvel Studios’ “Black Panther: Wakanda Forever” snared an estimated $180 million during its domestic debut.
The University of Michigan Survey of Consumers posted a 54.7 reading for November, down 8.7% from the previous month’s reading.