News
Bought beef? You have just days to file a claim in $87. 5 million settlement
2+ hour, 32+ min ago (350+ words) (NEXSTAR) " The deadline to claim part of an $87. 5 million settlement over beef products sold in more than half the U. S. over a five-year period is coming up this week. Through the agreement, the beef processors could "increase their margins and increase…...
America In Focus: Inflation hits 3-year high, Wall Street rallies and Musk becomes a trillionaire
2+ week, 20+ hour ago (993+ words) The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store or gas station are more painful than they were last year, and rising costs…...
US households, businesses stung by higher energy prices that have pushed inflation above 4%
2+ week, 3+ day ago (648+ words) Consumer prices rose 4. 2% in May from a year earlier, the Labor Department said Wednesday, up from 3. 8% in April and the third straight monthly increase. On a monthly basis, prices rose 0. 5% last month, after big gains of 0. 6% in April and 0. 9% in…...
Wall Street poised to open lower even as AI and data center companies soar on still-hot demand
3+ week, 4+ day ago (362+ words) Markets on Wall Street tipped toward losses before the opening bell Tuesday even as a handful of technology companies saw their shares post big gains as demand for AI and data center infrastructure remains red hot. Futures for the Dow…...
Inflation gauge hits multiyear high as American consumer confidence slides
4+ week, 17+ hour ago (510+ words) Here's a snapshot of prominent economic data and news that occurred over the past week and what it potentially means for you. A'key inflation gauge'that is monitored closely by the Federal Reserve accelerated in April to the highest level in…...
Wall Street keeps rising, even as U. S. households keep getting more discouraged
1+ mon, 5+ day ago (630+ words) The S&P 500 added 0. 7% and pulled closer to its all-time high set in the middle of last week. The Dow Jones Industrial Average was up 408 points, or 0. 8%, as of noon Eastern time, and the Nasdaq composite was 0. 6% higher. Ross Stores…...
Groceries just had the biggest price hike in years. It's about to get even worse, experts warn
1+ mon, 1+ week ago (538+ words) (NEXSTAR) " Federal inflation data confirms what you may have been feeling already: Groceries are getting more expensive. Unfortunately, things may be about to get a whole lot worse, economists are warning. The price of groceries rose 2. 9% in April compared to…...
The Iran war is hitting home as gasoline prices fuel inflation surge of 3. 8% in the US
1+ mon, 2+ week ago (580+ words) Labor Department figures showed that gasoline prices are up more than 28% compared with a year ago. However, the AAA motor club listed the average regular gallon of gasoline above $4. 50 on Tuesday, about 44% more than it cost last year at this…...
US employers defy economic shock from Iran war and add a surprisingly strong 115, 000 jobs in April
1+ mon, 2+ week ago (763+ words) Hiring beat the 65, 000 jobs forecasters had expected, though it decelerated from the 185, 000 jobs created in March. The unemployment rate remained at a low 4. 3%, the Labor Department reported Friday. The Iran war has caused the biggest disruption of global oil supplies…...
Oil prices rise, but US stocks remain near their record on a muted Wall Street
2+ mon, 1+ week ago (688+ words) The S&P 500 edged down just 0. 1% from its all-time high after the United States attacked and seized an Iranian-flagged cargo vessel over the weekend that it said had tried to evade its blockade of Iranian ports. The Dow Jones Industrial…...