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News
Oil prices climb again as Iran tensions fuel supply fears
5+ hour, 7+ min ago (277+ words) WASHINGTON (TNND) — Oil prices surged Monday after President Trump cast doubt on whether the United States will reach or extend a framework deal with Iran, renewing market fears of a wider escalation and potential disruption to energy shipments through the…...
Consumer sentiment falls in August as Americans 'just don't feel like they're thriving"
3+ day, 2+ hour ago (570+ words) (TNND) — Consumer sentiment fell in August after two months of gains, remaining near record lows as Americans worry about inflation, purchasing power and the broader economy. The University of Michigan updated its consumer sentiment index Friday with a preliminary August…...
Fact Check Team: Why one inflation report can move Wall Street
3+ day, 22+ hour ago (635+ words) WASHINGTON (TNND) — The latest inflation report is out — and while the numbers may seem like just another set of economic statistics, they can have an immediate impact on Wall Street, interest-rate expectations and, eventually, borrowing costs for Americans. The Bureau…...
Social Security COLA could rise as much as 3.6% in 2027: Latest reports
4+ day, 10+ hour ago (508+ words) WASHINGTON (TNND) — Social Security recipients are on track for a potentially larger cost-of-living adjustment in 2027, although the latest estimates could shift as two more months of inflation data come into focus. Current projections put the 2027 Social Security cost-of-living adjustment, or…...
Small business optimism rebounds in July, led by stronger hiring plans
6+ day, 4+ hour ago (398+ words) (TNND) — Small business optimism improved last month, rising back above its long-term average in a tracker of Main Street sentiment. The National Federation of Independent Business said Tuesday that its Small Business Optimism Index rose 2.4 points in July to 99.8. The…...
Economy sheds 23K jobs in July, wage gains soften as report shows 'weakness in payrolls"
1+ week, 3+ day ago (581+ words) (TNND) — American employers shed 23,000 jobs last month, on top of revisions that lowered job gains over the previous two months by over 100,000 jobs, the Bureau of Labor Statistics reported Friday. July’s jobs report missed the median forecast by 106,000 jobs, as…...
Pressure builds inside Fed for another rate increase
2+ week, 4+ day ago (807+ words) WASHINGTON (TNND) — Calls for another interest rate increase are growing within the Federal Reserve as officials weigh renewed inflation risks from the Middle East conflict after more than five consecutive years of above-target inflation. The mounting uncertainty has exposed a…...
POLL: As prices soar to a 50-year high, have your spending habits changed?
2+ week, 6+ day ago (1791+ words) What's for dinner? Lately, at Apral Jack's house, it's whatever is on sale. Jack scouts an app for deals at her local supermarket before she buys groceries. When she reaches the store, she grabs the weekly circular to look for…...
Fed rate cut unlikely; would be 'like throwing oil on the fire' of inflation, expert says
2+ mon, 1+ day ago (709+ words) (TNND) — Don't expect an interest rate cut to come out of this week's Federal Reserve meeting, according to experts. The Fed has the dual mandate of price stability and maximum employment. That means keeping inflation in check and Americans working....
More Americans say they are cutting back on spending and blame Trump
2+ mon, 3+ week ago (704+ words) WASHINGTON (TNND) — A growing share of Americans say they are cutting back on purchases and tightening their spending habits in the face of renewed inflation after being worn down by years of rising costs. Americans were already fatigued by several…...