News
Trump faces inflation warning from bond market, adding to midterm challenges
1+ hour, 7+ min ago (1084+ words) by JOSH BOAK Associated Press The energy price spike triggered by the Iran war has seeped into the price of bonds that help fund the U. S. government. Interest rates on a 10-year U. S. Treasury note are topping 4. 44%, up from 3. 95% before the war…...
Memorial Day travel breaks records despite rising gas prices
1+ week, 17+ hour ago (497+ words) SALT LAKE CITY (KUTV) " Utah drivers are feeling the pain at the pump as gas prices climb to a four-year high this Memorial Day. But AAA says many people are still prioritizing travel. The average price for a gallon of…...
Retail sales continue to grow according to data collected in April
2+ week, 16+ hour ago (102+ words) KUTV CBS 2 provides local news, weather forecasts, traffic updates, notices of events and items of interest in the community, sports and entertainment programming for Salt Lake City and nearby towns and communities in the Great Salt Lake area, including Jordan…...
US grocery prices rose in April, but gas spikes weren't the only reason
2+ week, 5+ day ago (104+ words) KUTV CBS 2 provides local news, weather forecasts, traffic updates, notices of events and items of interest in the community, sports and entertainment programming for Salt Lake City and nearby towns and communities in the Great Salt Lake area, including Jordan…...
Utah consumer sentiment falls 'dramatically' to lowest point since 2022, experts report
3+ week, 13+ hour ago (178+ words) SALT LAKE CITY (KUTV) " Consumer sentiment among Utahns dropped from March to April to its lowest point since 2022, according to local economists. Consumer sentiment, which measures how people feel about the economy, took a downward turn in recent months. Economists…...
Gas price surge drives biggest inflation jump in nearly 4 years amid Iran war
1+ mon, 3+ week ago (942+ words) by CHRISTOPHER RUGABER AP Economics Writer Consumer prices rose 3. 3% in March from a year earlier, the Labor Department said Friday, up sharply from just 2. 4% in February and the biggest yearly increase since May 2024. On a monthly basis, prices rose 0. 9% in…...
US consumer confidence inches higher despite Iran war, soaring gasoline prices
1+ mon, 3+ day ago (510+ words) First Lady and Her Majesty Queen Consort of the UK of Great Britain and Northern Ireland host event for students. by MATT OTT AP Business Writer The Conference Board said Tuesday that its consumer confidence index inched up to 92. 8 in…...
Costco vs Walmart grocery comparison reveals where bulk buying saves
1+ mon, 1+ week ago (171+ words) by Cristina Flores, KUTV SALT LAKE CITY (KUTV) " A side-by-side comparison at Walmart and Costco shows how quickly totals diverge"and where bulk buying actually pays off. Here's the complete chart with shelf price, package size and unit cost: Totals…...
More borrowers seek financial counseling as credit card rates near record highs
3+ mon, 6+ day ago (779+ words) by Cristina Flores, KUTV SALT LAKE CITY (KUTV) " President Donald Trump's push to get credit card companies to voluntarily cap interest rates at 10% has gone nowhere. But consumer advocates say Americans struggling with high-interest credit card debt still have options…...
Utah economist breaks down rising inflation expectations, impact on housing, gas prices
1+ mon, 3+ week ago (247+ words) by Avery Sloane & Jared Turner, KUTV SALT LAKE CITY (KUTV) " Overall, people think inflation is going to get worse. Consumer expectations of inflation rose another percentage point to 3. 4%. ARC Salt Lake spoke with Utah economist Robert Spendlove of Zions Bank…...