inflation
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Business
Key inflation gauge doesn’t include credit card interest, property taxes
The key gauge to measure inflation does not take into account major expenses that have surged for consumers since the…
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Business
Ex-Target exec says holidays to disappoint, shoppers ‘running out of money’
Former Target vice chairman Gerald Storch on Thursday warned that holiday spending will likely disappoint this year as inflation-battered consumers…
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Life Style
This is how much the American Dream costs in 2024
It costs an arm and a leg to live in the land of the free. The price of the American…
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Business
True Value files for bankruptcy after 75 years, blames weak housing market for plunging sales
True Value filed for Chapter 11 bankruptcy on Monday and is seeking to sell the 75-year-old business to a rival…
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Business
McDonald’s CEO predicts 2025 will be a ‘challenging year’
McDonald’s anticipates that 2025 will be “another challenging year” for the fast food chain which has seen inflation-hit customers pare…
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Business
Inflation rose 2.4% last month — higher than expected
Inflation came in hotter than expected last month — dimming hopes for another big interest rate cut from the Federal…
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Business
Fed minutes show big rate cut favored by ‘substantial majority’
A “substantial majority” of Federal Reserve officials at the central bank’s September meeting supported beginning an era of easier monetary…
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Business
Container ships back up at US ports amid dockworkers strike
At least 45 container vessels were anchored outside US ports on Thursday as a massive strike by dockworkers stretching from…
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Business
Dockworkers strike may cause food inflation, Christmas holiday shortages for US consumers
A dockworkers strike that has idled more than a dozen of the largest ports across the Eastern US threatens to…
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Business
Fed’s Jerome Powell hints at more rate cuts but warns of ‘two-sided’ risks
The US economy seems poised for a continued slowdown in inflation that will allow the Federal Reserve to cut its benchmark interest…
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