News

While inflation is mostly retreating around the world, soaring shipping costs and a jump in oil prices are stoking worries about a revival of cost pressures.

Ocean freight rates for goods from Asia to Europe have more than doubled over the past four weeks.

The Federal Reserve is facing a bumpy path to tame inflation, which risks staying elevated in coming months should the prices of goods, such as clothing and cars, continue to climb.

Merchandise imports remain elevated, but U.S. exports of services climbed in November to a record $85.7 billion.

Meanwhile, green bonds, whose proceeds can be used only for specific projects, had their second-busiest year ever.

Comerica Inc. will take a charge of $91 million in non-interest income from a similar accounting change tied to the index being discontinued.