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Recent surveys showing a rise in consumer inflation expectations mean the U.S. central bank needs to keep its focus on ensuring price pressures are fully contained, Kansas City Federal Reserve President Jeff Schmid said on Thursday, highlighting a growing and potentially troubling issue for policymakers. "The last two months have seen a sharp upward movement in some measures of expected inflation," Schmid said in remarks prepared for delivery at a federal agriculture conference. "Certainly, survey measures of inflation expectations are imperfect and subject to noise, but with inflation just recently at a 40-year high, now is not the time to let down our guard."

A federal bankruptcy court in Delaware sided with Yellow’s rationale for shortening the layoff notification period to union employees. The post Teamsters’ WARN claims against Yellow fall short in federal bankruptcy court appeared first on FreightWaves.

Applications for U.S. jobless benefits rose to a three-month high last week but remained within the same healthy range of the past three years. The number of Americans filing for jobless benefits rose by 22,000 to 242,000 for the week ending Feb. 22, the Labor Department said Thursday. Analysts projected that 220,000 new applications would be filed.

(Bloomberg) -- The move away from globalization toward a more fragmented world is likely to fuel permanently higher inflation across regions, according to Apollo Global Management’s Torsten Slok.Most Read from BloombergThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions in Federal Money for Homelessness ProvidersNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNew York’s Congestion Pricing Plan Faces Another Legal ShowdownNYC to Shut Migrant Center i

The benchmark S&P 500 and tech-heavy Nasdaq fell on Thursday, after Nvidia shares swung to losses as investors focused on signs of increased AI spending in the industry, and data suggested a cooling U.S. economy. Nvidia gave up early gains and fell 2.7% - a contrast to outsized gains the stock witnessed after some of its earlier results announcements. Five of the S&P 500's 11 sectors traded lower, led by a 1.2% decline in technology stocks.

(Bloomberg) -- No matter what metric you’re looking at, US inflation is moving in the wrong direction again.Most Read from BloombergThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions in Federal Money for Homelessness ProvidersNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNew York’s Congestion Pricing Plan Faces Another Legal ShowdownNYC to Shut Migrant Center in Former Hotel as Crisis EasesWhether it’s a house or a carton of eggs, price growth is

As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the gig economy industry, including Lyft (NASDAQ:LYFT) and its peers.