News
Inflation hits highest level since 2023, as the Iran war pushes up prices
4+ hour, 55+ min ago (815+ words) Inflation jumped for a third consecutive month as the'Iran war'continued to drive up prices in May, surpassing 4% for the first time in three years. The reading matched economists' expectations. Prices rose 4. 2% in May compared to a year earlier, marking an…...
Kevin Warsh sworn in as Fed chair at pivotal moment for US economy
2+ week, 5+ day ago (748+ words) By Lucy Bayly, CNN (CNN) " Kevin Warsh was sworn in Friday at the White House as Chairman of the Board of Governors of the Federal Reserve System, succeeding Jerome Powell in one of the world's most powerful economic positions. Warsh,…...
America is in for yet another long spell of price pain
4+ week, 10+ hour ago (679+ words) (CNN) " President Donald Trump's latest Iran war pitch to American consumers: Short-term pain will bring long-term gain. But Tuesday's ugly consumer inflation report, Wednesday's uglier wholesale inflation report and some worrying bond market signals all point to one thing. The…...
US inflation rose to 3. 8% in April, eroding Americans" paychecks
4+ week, 1+ day ago (463+ words) (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 rate to 3. 8%, the highest since May 2023, according to the latest Consumer Price Index data released Tuesday…...
Retail sales fell more than expected in January, biggest drop in eight months
3+ mon, 4+ day ago (201+ words) Washington (CNN) " Spending at US retailers unexpectedly fell in January as consumer confidence languished and harsh cold weather buffeted various parts of the country. Retail sales declined 0. 2% in January from the prior month, the Commerce Department said Friday, the biggest…...
What does it mean to democratize AI?
5+ mon, 4+ week ago (775+ words) When the benefits of AI feel locked behind technical expertise or expensive resources, only a small fraction of people " those with access to data science teams, custom-built tools, or significant budgets " get to fully leverage its potential. That's not how…...
Americans might finally be buckling under the weight of rising debt and slowing wage growth
4+ mon, 5+ hour ago (722+ words) By Bryan Mena, Alicia Wallace, CNN Washington (CNN) " The US economy's engine may be starting to sputter, as Americans' paychecks lose steam and their debt becomes even more unwieldy, new data showed Tuesday. Retail sales were unexpectedly flat in the…...
After the holidays: Hardcore ways to get your budget back on track
5+ mon, 2+ day ago (1018+ words) The holidays can be a delightful time'full of traditions, loved ones, and moments you want to make special. Between gifts, gatherings, and seasonal events, holiday spending can add up fast. And if your bank account took a hit'or you went…...
Gold just hit a record $5, 000. What's driving the surge?
4+ mon, 2+ week ago (493+ words) (CNN) " Gold prices surged beyond $5, 000 per ounce for the first time late Sunday, as investors rushed to the safe-haven asset as concern spread that US President Donald Trump is upending relations with key allies, from Europe to Canada. In this…...
Consumer spending stalled in September as inflation remained stubborn
6+ mon, 6+ day ago (796+ words) (CNN) " The last piece of official inflation data to land before the Federal Reserve's policymaking meeting next week was a shutdown-delayed report that showed the pace of price hikes remained stubborn in September and consumer spending waned after a summer…...