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News
Inflation is slashing middle-class incomes. Here’s where it’s worst
5+ hour, 44+ min ago (307+ words) (NEXSTAR) – You probably don’t need the data to tell you that money has gotten a little tighter for most people. Wage growth for many middle-class households isn’t keeping up with inflation, especially with the major spikes in home prices during…...
Inflation fell in June after short-lived Iran deal brought energy prices down
1+ week, 4+ day ago (215+ words) (The Hill) — Inflation fell in June after a deal between the U.S. and Iran, which has since fallen apart, brought a temporary decline in energy prices. The consumer price index (CPI) fell 0.4 percent in June, according to data released Tuesday…...
US jobless claims dip modestly to 215,000 last week as layoffs remain at historically healthy levels
2+ week, 2+ day ago (264+ words) U.S. applications for jobless aid in the week ending July 4 ticked down by 2,000 to 215,000, the Labor Department reported Thursday. Analysts surveyed by the data firm FactSet forecast 220,000 new applications. Weekly filings for unemployment benefits are considered a proxy for layoffs and…...
High oil prices knock down stocks and erase Wall Street’s hopes for a cut to interest rates
4+ mon, 5+ day ago (792+ words) The S&P 500 fell 1.5% to close its fourth straight losing week, its longest such streak in a year. The Dow Jones Industrial Average dropped 443 points, or 1%, and the Nasdaq composite tumbled 2%. The market’s losses deepened after oil prices erased an…...
Border Report Live: Reimbursing companies, consumers for Trump tariffs
4+ mon, 1+ week ago (766+ words) HARLINGEN, Texas (Border Report) — Reimbursing tariffs on goods from other countries, and giving rebates to American consumers for the higher costs associated with those tariffs, was discussed on the latest episode of Border Report Live. So far, several Democratic lawmakers…...
Americans’ confidence in the U.S. economy falls sharply in January to lowest level since 2014
5+ mon, 4+ week ago (427+ words) The Conference Board said Tuesday that its consumer confidence index cratered 9.7 points to 84.5 in January, falling below even the lowest readings during the COVID-19 pandemic. A measure of Americans’ short-term expectations for their income, business conditions and the job market…...
Thought Leader Adam Lutostanski shares key U.S. economic takeaways
9+ mon, 2+ week ago (99+ words) Thought Leader Adam Lutostanski (Head of Illinois Commercial Banking at Associated Bank) is with Steve Grzanich this week to discuss the biggest economic takeaways from the government shutdown, as well as an outlook analysis of the United States economic forecast....
Asian shares are mixed after China-US talks end without a trade deal
11+ mon, 3+ week ago (628+ words) by: ELAINE KURTENBACH, Associated Press Beijing’s top trade official said China and the United States agreed during two days of talks in Stockholm, Sweden, to work on extending an Aug. 12 deadline for imposing higher tariffs on each other. The U.S....