News
Target sees 5. 6% sales jump in 1 Q | Arkansas Democrat Gazette
7+ hour, 49+ min ago (569+ words) NEW YORK -- Target reported the largest jump in comparable sales in four years Wednesday, but a cautious outlook overshadowed convincing evidence that changes under the company's new CEO are resonating with customers. Target raised its annual revenue outlook, saying it…...
Stocks slide further as inflation shakes bond market | Arkansas Democrat Gazette
1+ day, 7+ hour ago (640+ words) NEW YORK -- The U. S. stock market gave back more of its record-setting rally Tuesday after bond markets rattled by high inflation cranked up the pressure. The S&P 500 fell 0. 7% for its third straight loss since setting its latest all-time high. The…...
Powell a consequential Fed chair | Arkansas Democrat Gazette
5+ day, 7+ hour ago (1096+ words) WASHINGTON -- When Jerome Powell was sworn in as chair of the Federal Reserve eight years ago, economists worried that inflation and interest rates were too low and that too few Americans had jobs. Now, as Powell steps down from the…...
India raises gas prices to offset losses to higher global oil costs | Arkansas Democrat Gazette
5+ day, 7+ hour ago (478+ words) NEW DELHI -- India raised fuel prices by $0. 03 per liter Friday as the government moved to offset losses due to higher global oil prices. In New Delhi, gasoline prices rose to $1. 17 per liter, while diesel climbed to $1. 09 per liter. India imports…...
Grocery prices rise across the board | Arkansas Democrat Gazette
1+ week, 7+ hour ago (864+ words) Americans paid more for their groceries last month, but high gasoline prices resulting from the Iran war were only one of the reasons why. Prices for food eaten at home rose 2. 9% in April compared to the same month a year…...
Producer prices shoot up 6% from "25 | Arkansas Democrat Gazette
1+ week, 7+ hour ago (716+ words) WASHINGTON -- U. S. wholesale inflation came in hot last month. Producer prices rose 6% from a year earlier, the highest point in more than three years, as the Iran war pushes up energy prices and intensifies pressure on companies to pass along their…...
US consumer prices jump 3. 8% as Iran war drives up gas costs | Arkansas Democrat Gazette
1+ week, 1+ day ago (895+ words) WASHINGTON -- U. S. consumer prices climbed sharply again last month as the 10-week war with Iran delivered higher gasoline prices and more pain for Americans. Labor Department figures showed that gasoline prices are up more than 28% compared with a year ago. However,…...
US homes sales hit plateau in April | Arkansas Democrat Gazette
1+ week, 2+ day ago (663+ words) Sales of previously occupied U. S. homes were essentially flat in April, another lackluster showing for the housing market during what's traditionally its busiest time of the year. Existing home sales edged up 0. 2% last month from March to a seasonally adjusted annual…...
U. S. employers defy economic shock from Iran war and add a surprisingly strong 115, 000 jobs in April | Arkansas Democrat Gazette
1+ week, 5+ day ago (766+ words) WASHINGTON " America's employers delivered a surprising 115, 000 new jobs last month despite an economic shock from the Iran war. Hiring beat the 65, 000 jobs forecasters had expected, though it decelerated from the 185, 000 jobs created in March. The unemployment rate remained at a…...
Devalued dollar is driving up daily costs | Arkansas Democrat Gazette
2+ week, 3+ day ago (891+ words) NEW YORK -- A hidden force is quietly pushing up costs for everything from your summer vacation to your weekly grocery bills: a weaker U. S. dollar. The dollar has fallen about 10% against other major currencies since President Donald Trump returned to the…...