JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, D.C. Evelyn Hockstein | Reuters JPMorgan Chase CEO Jamie Dimon said Friday that he expects estimates for...
Wholesale prices unexpectedly fell 0.4% in March, showing easing inflation backdrop ahead of tariffs
Wholesale prices unexpectedly fell in March, setting up a favorable inflation backdrop as President Donald Trump began intensifying tariffs against U.S. trading partners, the Bureau of Labor Statistics reported Friday. The producer price index, considered a leading indicator for pipeline inflation pressures, declined a seasonally adjusted 0.4% for the...
Trump’s immigration policy is weighing on beer sales, Constellation Brands CEO says
Bottles of Corona beer, the flagship brand of Grupo Modelo are displayed in this illustration taken in Monterrey, Mexico, February 18, 2025. Daniel Becerril | Reuters President Donald Trump's tariffs aren't the only presidential policy that is weighing on Constellation Brands. Along with tariffs on Mexican imports, his hardline...