The consumer price index, a key gauge of inflation, logged its smallest annual increase in nearly a year, fueling optimism that the Fed could soon moderate its efforts. Households have been squeezed by red-hot prices, with conditions worsened by surging food and energy costs after Russia's invasion of Ukraine, and...
Stocks rise, oil falls tracking China lockdown policy
Stock markets mostly rose, extending last week's strong gains, while oil prices fell after China reaffirmed its commitment to its economically painful zero-Covid policy. The Chinese government said it would stick to its current plan, which involves harsh lockdowns and strict quarantine and testing regimens.Qatar to host 2023 Asian Cup football: AFC
China in June 2019 won the bid to host the event but pulled out in May because of its "zero-Covid" policy, leaving the AFC scrambling to find a new host for its flagship men's 24-team football tournament. The tournament had been due to be held in 10 Chinese cities from...
