News
Diesel prices surge in Florida, raising concerns for truckers
4+ hour, 20+ min ago (291+ words) SAN ANTONIO, Fla. " The price of diesel in Florida has dramatically risen and now stands at $5.73 " a more than $2 increase in the last month. Truckers worry this will dig into their bottom line. If more money is going toward fuel,…...
Target reports another quarter of declining sales but says it sees some green shoots
4+ week, 1+ day ago (118+ words) But the Minneapolis company on Tuesday offered a solid annual profit outlook that was better than Wall Street had been projecting, It also said it believes net sales with grow every quarter this year. Target also said comparable-store sales rose…...
Inflation rose more quickly than expected in December
1+ mon, 1+ week ago (533+ words) WASHINGTON " A key inflation gauge accelerated in December to the fastest pace in nearly a year, showing how prices are still rising more quickly than most Americans would prefer " and faster than the Federal Reserve's target of 2% a year. Prices…...
Soaring coffee prices rewrite some Americans' daily routines
1+ mon, 2+ week ago (766+ words) NEW YORK " For years, it was a daily McDonald's trip for a cup of coffee with 10 sugars and five creams. Later, it was Starbucks caramel macchiatos with almond milk and two pumps of syrup. Coffee has been a morning ritual…...
U.S. stocks recover half of the prior day's plunge
2+ mon, 1+ week ago (600+ words) NEW YORK " The U.S. stock market bounced back from its worst day since October on Wednesday after President Donald Trump said he reached the framework for a deal about Greenland, an island he's long coveted, and won't impose tariffs he had…...
Finances and the economy: What's in store for 2026?
2+ mon, 4+ week ago (392+ words) TAMPA, Fla. " As 2026 gets underway, financial experts say the year ahead will bring a mixed outlook for Americans, largely depending on income level." While higher-income earners may feel relatively stable, middle- and lower-income households are expected to continue facing pressure…...
Retail sales up a surprising 0.6% in June after May pullback by consumers
8+ mon, 2+ week ago (494+ words) WASHINGTON " After an earlier pullback, consumers picked up their spending in June despite anxiety over tariffs and the state of the U.S. economy. Retail sales rose a better-than-expected 0.6% in June after declining 0.9% in May, the Commerce Department said Thursday. Sales in…...
The tariff-driven inflation that economists feared begins to emerge
8+ mon, 2+ week ago (956+ words) WASHINGTON " Inflation rose last month to its highest level since February as President Donald Trump's sweeping tariffs push up the cost of a range of goods, including furniture, clothing, and large appliances. Yet the bump in inflation last month makes…...
Powell signals that Federal Reserve may cut rates
6+ mon, 2+ week ago (588+ words) JACKSON HOLE, Wyo. " Federal Reserve Chairman Jerome Powell hinted that lower interest rates may be on the horizon during a speech made from Jackson Hole, Wyoming, Friday morning." However, he noted that the Fed planned to proceed cautiously as it…...
Tax group says 'beautiful bill' won't lead to sustained economic growth
7+ mon, 5+ day ago (292+ words) The bill will also reduce immigration and lead to fewer workers because of increased border and immigration enforcement and add $4.1 trillion to the national debt through 2034, the group predicted. "At least in the near-term, the positive effects of OBBBA on…...