Bloomberg A gauge of underlying US inflation was below estimates in September as used-car costs fell and housing rents cooled, signalling that price gains may remain close to where Federal Reserve policy makers want them amid an outlook for continued gradual interest-rate hikes. Excluding volatile food and energy costs, the core consumer price index rose 2.2 percent in September from ...

China just dealt a blow to the global luxury goods industry. You can blame the trade war for that. The crackdown on the daigou trade – in which tourists, friends and relatives buy high-value products overseas and send them back into the country to avoid China’s hefty sales and import taxes – has sent shares in luxury houses tumbling. After ...

Spare a thought for Italian banks if you can. Barely recovered from their recent crisis, the country’s lenders find they have stumbled into a new one. Rome’s populist administration has sent yields on government bonds soaring by passing a budget that busts the EU’s fiscal rules. And since Italian banks still hold hefty amounts of those bonds, investors have taken ...