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Tag: pace

Wholesale prices measure rose 9.6% in November from a year ago, the fastest pace on record

Wholesale prices increased at their quickest pace on record in November in the latest sign that the inflation pressures bedeviling the economy are still present, the Labor Department reported Tuesday.The producer price index for final demand increased 9.6% over the previous 12 months...

Hedge funds are selling tech shares at their fastest pace in a decade as rates spike

Surging bond yields have triggered hedge funds to sell growth-focused technology shares at a speed not seen in the past decade.The hedge fund community dumped tech stocks in the four sessions between Dec. 30 and Tuesday as interest rates spiked. The four-session tech...