Live updates: Dow futures soar 200 points on surprisingly mild inflation news as the Fed prepares to make its decision

Traders toil away on May 17, 2024, on the New York Stock Exchange. Wednesday saw an increase in stock futures after lower-than-expected consumer inflation statistics for May. In May, the consumer price index did not change, falling short of the 0.1% monthly gain predicted by Dow Jones. Also falling short of expectations was the 3.3% …

The European Union has announced that it would be increasing tariffs on Chinese electric vehicles by up to 38 percent

The European Union said on Wednesday that it would increase the tariffs that it would apply on electric cars manufactured in China It was announced in a statement that the European Union (EU) would impose a tariff of 38.1% on manufacturers of battery electric vehicles (BEVs) that did not assist with its inquiry. Additionally, the …