News
Falling gas prices likely cut inflation last month but renewal of Iran war could undo progress
2+ hour, 50+ min ago (733+ words) The government’s latest inflation report, to be released Tuesday, is forecast to show that consumer prices dropped 0.2% in June, according to a survey of economists by data provider FactSet. It would be the first monthly decline in nearly four years....
Millions of Americans take on debt and drain savings to afford food
1+ day, 1+ hour ago (629+ words) (CBS) — Millions of Americans are borrowing money or draining their savings to buy groceries, highlighting the financial strain many households face as the cost of living rises, new research has found. More than a quarter of working-age adults who relied…...
PepsiCo says economic concerns weighed on customers in North American during recent quarter
5+ day, 2+ hour ago (253+ words) The food and beverage giant said Thursday that its net revenue rose 6.4% to $24.2 billion for the April-June period. That was better than the $23.9 billion Wall Street expected, according to analysts polled by FactSet. In February, ahead of the Super Bowl,…...
Poll: Most North Carolinians say rising prices are forcing them to cut back on spending
1+ week, 23+ hour ago (408+ words) SALISBURY, NC (WWAY) — Nearly three-quarters of North Carolinians say rising prices caused them to cut back on regular purchases in the past month, according to a new statewide survey from Catawba College and YouGov. The survey found 72% of respondents reported…...
Jobs report set to show whether hiring kept up robust pace
1+ week, 5+ day ago (433+ words) A fresh jobs report on Thursday will provide a key gauge of economic strength as the United States navigates a surge of inflation and consequential negotiations in the Middle East. Better-than-expected job gains so far this year have helped dispel…...
Former Federal Reserve Chairman Alan Greenspan dies at 100
3+ week, 1+ day ago (1223+ words) He died on Monday from complications of Parkinson’s Disease, said his wife of 29 years, NBC News correspondent Andrea Mitchell. “To me he was my husband, who shaped my life from our very first date in 1984,” Mitchell said. “He had ‘irrational…...
Fed set to make interest rate decision as inflation hits 3-year high
4+ week, 2+ hour ago (665+ words) (ABC) — The Federal Reserve is set to announce its latest decision on interest rates on Wednesday as the central bank weathers the highest inflation in three years. The announcement will mark the first possible adjustment of the benchmark interest rate…...
Wall Street points toward gains after another AI sell-off, oil prices slip
1+ mon, 3+ day ago (514+ words) Futures for the S&P 500 rose 0.8% after the first back-to-back session losses in three weeks. Futures for the Dow Jones Industrial Average gained 0.7% before the opening bell, while Nasdaq futures slipped 1%. AI-related stocks continued to swing back-and-forth as chipmakers took…...
Nearly half of Americans say they're worse off financially than a year ago, NY Fed finds
1+ mon, 5+ day ago (351+ words) (CBS NEWS) — The U.S. economy may be holding up better than expected, but Americans are growing more pessimistic about their personal finances. Roughly 48% of Americans said their financial situation was worse in May than a year ago, the highest share…...
How to pay down credit card debt amid rising inflation, according to experts
1+ mon, 1+ week ago (675+ words) (ABC NEWS) — A surge of inflation is squeezing household budgets as American shoppers weather mounting credit card debt. Total U.S. credit card debt registered at $1.25 trillion in the first quarter of this year, marking a jump from $1.18 trillion over the…...