News
Yellen sees possible Fed rate cut despite Iran war inflation risks
10+ hour, 40+ min ago (528+ words) Former U. S. Treasury Secretary Janet Yellen sees one interest rate cut by the Federal Reserve as possible this year, even as the Iran war creates supply shocks in the global economy that put pressure on inflation. "Short-term inflation expectations are up…...
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3+ hour, 56+ min ago (377+ words) Maryland has become the first state in the U. S. to ban stores from engaging in dynamic pricing, a controversial practice gaining traction at retailers nationwide. Gov. Wes Moore first introduced the Protection from Predatory Pricing Act in January, and it was…...
Are Trump's tariffs really dead? Here's what's happening behind the scenes
20+ hour, 39+ min ago (1613+ words) WASHINGTON " Bicycle importers say they already can't match the prices of China with U. S. manufacturers. A business that brings cheese in from Europe says a new tariff will "cause lasting damage." And a company that imports Cambodian sleeping bags for infants…...
Senate Banking chair says Warsh could be Fed chair in 'next few weeks"
1+ day, 17+ hour ago (370+ words) The Federal Reserve'may be'a few'steps'closer to getting a new chair, as the Senate Banking Committee plans to hold a confirmation hearing for'Kevin Warsh'next week.' "I'm very confident that the DOJ will wrap this up very'soon,'and we will have Kevin…...
Fed holds interest rates steady amid Iran war, rising oil prices
4+ week, 11+ hour ago (1796+ words) The decision to pause leaves the federal funds rate, which serves as a'benchmark for interest rates across the country, at a range of 3. 5% to 3. 75%, after officials held it steady in January'following three cuts late last year.' "The implications of developments…...
War's 'cascading chaos' felt from Hormuz to Elkhart | Opinion
3+ day, 1+ hour ago (126+ words) This revives the notion of the ugly American, and positions the U. S. as an emerging rogue nation. It breaks my heart to write that. INDIANAPOLIS " On Feb. 27, when the Strait of Hormuz was a free-flowing global transit point for 20% of the…...
Jacksonville ranks No. 5 in US for high credit card debt levels. Why?
6+ day, 18+ hour ago (256+ words) After years of economic ups and downs " now with tariffs pushing prices even higher " more Jacksonville residents are feeling the strain of rising credit card debt, according to a new Lending Tree report. The latest analysis, based on data from…...
$9 per gallon? California gas station going viral as prices rise
2+ week, 6+ day ago (261+ words) A California gas station has gained attention for charging nearly $9 a gallon, a price particularly high amid the ongoing Iran-U. S. war, which has caused a bump at the pumps. Gas prices are lower in other parts of the state; however,…...
Inflation grabs the spotlight from oil as consumer confidence plummets
4+ day, 23+ hour ago (423+ words) It was the week the war almost ended'and then almost didn't. With one hour to spare before an 8 p. m. Tuesday, April 7, deadline, during which President Donald Trump had threatened that "a whole civilization will die tonight, never to be brought back…...
Trade deficits explained: Understanding the imbalance in global trade
1+ year, 6+ day ago (153+ words) Are you wondering what trade deficits are and what all the hoopla is about regarding President Donald Trump's trade war? Here are some terms and facts to help you understand. A trade imbalance is. .. Trade deficits explained: Understanding the imbalance…...