News
U. S. banks report profit uptick in first quarter: FDIC
2+ hour, 12+ min ago (266+ words) People walk around the Financial District on the morning after Zohran Mamdani's election win in New York City, U. S. , November 5, 2025. REUTERS/Angelina Katsanis Pete Schroeder, Reuters//May 27, 2026// U. S. banks reported a 3. 6% increase in their profits in the first quarter of 2026, rising to…...
Inflation surged in March, fueled by Iran conflict
1+ mon, 2+ week ago (745+ words) Andrew Ackerman, The Washington Post//April 10, 2026// The war in Iran has reignited short-term inflation with monthly price increases pushing to levels not seen since Americans were last grappling with a full-blown price crisis four years ago as the economy was…...
Wells Fargo no longer expects Fed rate cuts in 2026 as Iran war drags on
1+ mon, 3+ week ago (261+ words) Kanishka Ajmera and Joel Jose'Reuters//April 6, 2026// Wells Fargo Investment Institute said on Monday it no longer expects the U. S. Federal Reserve to cut interest rates in 2026, citing uncertainty around inflation and heightened geopolitical risks tied to the Middle East war. The…...
New Orleans precious metal retailers see greater interest in gold and silver amid price surges
2+ mon, 3+ day ago (1079+ words) For a generation raised on Duck Tales, Uncle Scrooge diving into his vault of gold coins was a nostalgic cartoon image. Today, with gold and silver prices surging, precious metals are drawing renewed investor interest, and New Orleans retailers are…...
Iran war could trigger US auto sales drop
2+ mon, 1+ week ago (983+ words) A few 2025 Ford F-150 Lightning XLT trucks are parked on a lot at Village Ford dealership in Dearborn on Wednesday, Jan. 7, 2026. Source: USA TODAY Network USA TODAY Network via Reuters Connect//March 13, 2026// If history repeats itself, the U. S. auto industry could see…...
US business activity growth slows in February, S&P Global says
3+ mon, 1+ week ago (242+ words) Dan Burns, Reuters//February 20, 2026// U. S. business activity expanded in February at the slowest rate in 10 months as orders receded at factories, new business growth slackened for services firms and employment growth stalled across the board, a survey showed on Friday. S…...
Grocery costs are soaring. See which states spend the most on food
3+ mon, 1+ week ago (856+ words) Inpone Sonthana, produce coordinator at the Wegmans in Penfield on Nov. 19 2025, goes through the apple section looking for over ripe or bruised produce to donate or, depending upon the condition, to be composted. Source: USA TODAY Network USA TODAY Network…...
January inflation eased more than expected in promising sign for economy
3+ mon, 1+ week ago (766+ words) Produce aisle offerings in October in a Chicago grocery store. Food and energy costs are outside the measurement of "core" inflation. MUST CREDIT: Joshua Lott/The Washington Post Inflation cooled more than expected in January, capping a week of promising…...
Fed's Miran says data suggests Americans aren't shouldering tariff hit
3+ mon, 2+ week ago (540+ words) A cargo ship full of shipping containers is seen at the port of Oakland, California, U. S. , August 4, 2025. REUTERS/Carlos Barria Michael S. Derby, Reuters//February 10, 2026// The comments by Miran, who was appointed by President Donald Trump last year to fill an unexpected…...
Luxury goods market slows amid global pressures
11+ mon, 1+ week ago (637+ words) Global sales of personal luxury goods are "slowing down but not collapsing," according to a Bain & Co. consultancy study released Thursday. Personal luxury goods sales that eroded to 364 billion euros ($419 billion) in 2024 are projected to slide by another 2% to 5% this…...