News
UK inflation rises as prices at the pump spike after Iran war
7+ hour, 49+ min ago (506+ words) The annual consumer price inflation rate increased to a three-month high of 3. 3%, from 3% the previous month, according to the Office for National Statistics. The rise was in line with market expectations. The main reason behind the inflation spike was higher…...
Oil prices rise, but US stocks remain near their record on a muted Wall Street
2+ day, 7+ hour 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…...
US consumer confidence inches up despite soaring gas prices brought on by war in Iran
3+ week, 1+ day ago (735+ words) The Conference Board said Tuesday that its consumer confidence index rose modestly to 91. 8 in March from 91 in February. The board said that while rising costs due to tariffs and spiking oil prices induced by the conflict in the Middle East…...
Rep. Morelle says recent Washington decisions making affordability crisis worse for working families
3+ week, 2+ day ago (164+ words) ROCHESTER, N. Y. " Rep. Joe Morelle is calling attention to rising costs for working families, warning that recent decisions in Washington are making the affordability crisis worse. Morelle held a press conference in Rochester Monday, pointing to higher prices for essentials like…...
Consumer Alert: The Reason we Have so Much Debt
7+ mon, 1+ week ago (163+ words) ROCHESTER, N. Y. " Americans are carrying a staggering $1. 2 trillion in credit card debt, according to the Federal Bank of New York. A recent survey by Best Money revealed surprising insights into why many are in debt. The survey found that 63 percent of…...
War in Iran sends inflation soaring and the mood of American consumers plunging
1+ week, 5+ day ago (939+ words) Consumer prices rose 3. 3% in March from a year earlier, the Labor Department said Friday, up sharply from just 2. 4% in February and the biggest yearly increase since May 2024. On a monthly basis, prices rose 0. 9% in March from February, the largest such…...
Soaring gas prices lead to biggest monthly inflation spike in four years
1+ week, 5+ day ago (852+ words) Consumer prices rose 3. 3% in March from a year earlier, the Labor Department said Friday, up sharply from just 2. 4% in February and the biggest yearly increase since May 2024. On a monthly basis, prices rose 0. 9% in March from February, the largest such…...
Key Fed official sees possible rate hike amid higher gas prices, inflation concerns
2+ week, 1+ day ago (506+ words) And she also said the Fed might have to cut its rate if higher gas prices caused the economy to slow and unemployment to rise. But if inflation remained elevated, a rate hike could be needed, she said. "I can…...
Oil prices rise as US stocks fall ahead of Trump's deadline for Iran
2+ week, 1+ day ago (810+ words) The S&P 500 fell 0. 8% as Trump threatened that a "whole civilization will die tonight, never to be brought back again" if Iran does not meet his deadline at 8 p. m. Eastern time to open the Strait of Hormuz. Iranian officials, meanwhile, urged…...
Mc Donald's tries a simpler approach with its new Mc Value menu
2+ week, 6+ day ago (720+ words) After two years of tweaks to its value menu, Mc Donald's has a new strategy: keep it simple. The fast-food giant's budget-focused Mc Value menu will have 10 items that each cost under $3 starting April 21. The breakfast items include hash browns…...