Latest Inflation News
Stock market today: Global shares trade mixed after Wall Street rally, and China promises a briefing
TOKYO (AP) — Global shares traded mixed Thursday after market optimism got a perk from the record highs set on Wall Street. France's CAC 40 fell 0.4% to 7,531.90 in early trading, while Germany's DAX lost 0.3% to 19,195.69. Britain's FTSE 100 inched up less than 0.1% to 8,247.07....
US inflation likely cooled again last month in latest sign of a healthy economy
WASHINGTON (AP) — U.S. inflation last month likely reached its lowest point since February 2021, clearing the way for another Federal Reserve rate cut and adding to the stream of encouraging economic data that has emerged in the final weeks of the presidential campaign. The...
Social Security's scheduled cost of living increase 'won't make a dent' for some retirees
WASHINGTON (AP) — Sherri Myers, an 82-year-old resident of Pensacola City, Florida, says the Social Security cost-of-living increase she'll receive in January “won't make a dent” in helping her meet her day-to-day expenses. “Inflation has eaten up my savings," she said. “I...
PepsiCo lowers revenue forecast on "subdued" sales in US, China and elsewhere
PepsiCo lowered its sales forecast for the year as consumers in the U.S., China and elsewhere continued to pull back on buying its snacks and drinks. The company, based in Purchase, New York, said Tuesday it now expects its organic revenue to increase in the low single-digit range...
Home insurers argue for a 42% average rate hike in North Carolina
RALEIGH, N.C. (AP) — With many western North Carolina residents still lacking power and running water from Hurricane Helene, a hearing began Monday on the insurance industry's request to raise homeowner premium rates statewide by more than 42% on average. A top lieutenant for...
Tips, overtime, Social Security: A look at Donald Trump's no-tax pledges and what they might cost
Donald Trump has pledged to end taxes on everything from tips to Social Security and overtime pay if he's elected to the White House again. But he hasn't detailed how he would fund those ideas and avoid creating a huge budget shortfall, beyond arguing he will usher in an economic boom. ...
This week: Consumer prices report, wholesale inflation data, consumer sentiment update
A look at some of the key business events and economic indicators upcoming this week. Measuring inflation The Labor Department releases its consumer prices report for September on Thursday. Economists predict inflation continued easing last month. The...
The US could have seen shortages and higher retail prices if a dockworkers strike had dragged on
NEW YORK (AP) — U.S. ports from Maine to Texas shut down this week when the union representing about 45,000 dockworkers went on strike for the first time since 1977. The union representing the striking U.S. dockworkers, the International Longshoremen’s Association, reached a deal...
US adds a robust 254,000 jobs and unemployment dips to 4.1% in sign of still-sturdy labor market
WASHINGTON (AP) — America’s employers added a surprisingly strong 254,000 jobs in September, easing concerns about a weakening labor market and suggesting that the pace of hiring is still solid enough to support a growing economy. Last month’s gain was far more than economists...
Speaker Johnson lays out agenda for Republicans as they fight to hold House majority
WASHINGTON (AP) — Speaker Mike Johnson laid out on Tuesday a policy agenda should Republicans take the majority next year that extends the tax cuts approved when Donald Trump was president, reduces the size of the federal workforce and gives parents more choice on where they can send their...
