News
High gas prices, cost of living send US consumer sentiment to all-time low
7+ hour, 34+ min ago (518+ words) People purchase gasoline at a Sunoco gas station ahead of the Memorial Day weekend in Philadelphia on May, 21. (CNN) " Americans just loathe this economy. A closely watched measurement of US consumer sentiment fell to a fresh, all-time low in May,…...
Texas Homes Cost $122 K More Now Than 10 Years Ago
3+ hour, 41+ min ago (383+ words) While the U. S. real estate market appears to finally be cooling down, home price growth has been a defining economic trend in recent years. Over the past decade, U. S. home values grew by more than 81%, compared to average hourly earnings'which saw a…...
Kevin Warsh sworn in as Fed chair at pivotal moment for US economy
5+ hour, 53+ min ago (720+ words) Incoming Federal Reserve Chair Kevin Warsh stands in the East Room during his swearing-in ceremony, at the White House in Washington, DC, on May 22. President Donald Trump arrives with incoming Federal Reserve Chair Kevin Warsh for Warsh's swearing-in ceremony at…...
Preserve Gold Explains: Why People Trust Gold More Than Paper Money
1+ day, 3+ hour ago (496+ words) Since its discovery, gold has been viewed as a symbol of wealth. It has been used to facilitate the exchange of goods and has served as a universal form of currency. It has existed'and maintained value'longer than any modern paper…...
Fast food was supposed to be the cheap option. So why does it cost so much now?
1+ week, 1+ day ago (294+ words) The backlash says less about Mc Donald's specifically than it does about a structural shift in American dining. Eating out has become measurably more expensive, and fast food is no longer exempt from that pressure. According to the U. S. Department of…...
America is in for yet another long spell of price pain
1+ week, 2+ day ago (701+ words) Balraj, left, and Chuck Byrd, right, use a truck filling station at a gas station on Tuesday, April 7, in Aurora, Oregon. (CNN) " President Donald Trump's latest Iran war pitch to American consumers: Short-term pain will bring long-term gain. But Tuesday's…...
Higher gas prices sent wholesale inflation soaring last month, likely signaling more pain ahead for consumers
1+ week, 2+ day ago (276+ words) Balraj, left, and Chuck Byrd, right, use a truck filling station at a gas station on Tuesday, April 7, in Aurora, Oregon. (CNN) " The war with Iran is squeezing US businesses at a rate not seen in nearly four years, and…...
Higher gas prices sent wholesale inflation soaring last month, signaling more pain ahead for consumers
1+ week, 2+ day ago (141+ words) KTEN Balraj, left, and Chuck Byrd, right, use a truck filling station at a gas station on Tuesday, April 7, in Aurora, Oregon. (CNN) " The war with Iran is squeezing US businesses at a rate not seen in nearly four years,…...
US inflation rose to 3. 8% in April, eroding Americans" paychecks
1+ week, 3+ day ago (114+ words) A woman shops for dairy products at a local supermarket in New York City on April 9. (CNN) " For the first time in three years, Americans" wages are no longer outpacing inflation. Prices rose 0. 6% on a monthly basis, driving the annual…...
April hiring beat expectations, but economists warn the labor market is "frozen
2+ week, 5+ hour ago (1207+ words) Economists expect that the US economy added 65, 000 jobs in April and that the unemployment rate held at 4. 3%. (CNN) " The US economy added a stronger-than-expected 115, 000 jobs last month and the unemployment rate stayed at 4. 3%, an indication of resilience at a time…...