Latest Inflation News

Surge in Wendy's complaints exposes limits to consumer tolerance of unstable prices

Feb. 28, 2024 21:45 PM EST

NEW YORK (AP) — Consumers will pay more for a flight to Florida or for a hotel room during peak vacation times. They fork out more for a rush hour Uber ride, perhaps while grinding their teeth, and rely on apps like ParkWhiz or ParkMobile to book spots for their cars at premium prices. ...

US economy grew solid 3.2% in fourth quarter, a slight downgrade from government's initial estimate

Feb. 28, 2024 11:55 AM EST

WASHINGTON (AP) — The U.S. economy grew at a robust 3.2% annual pace from October through December, propelled by healthy consumer spending, the Commerce Department reported Wednesday in a slight downgrade from its initial estimate. The expansion in the nation's gross domestic...

Airfares were already dropping. Here’s why they could go even lower in 2024

Feb. 28, 2024 09:43 AM EST

Inflation has hit most of the economy, but that’s hardly the case with airfare. Not only are airfares down 6% year-over-year based on January 2024 prices, but they’re even down 15% versus a decade ago. That’s according to consumer price index data from the U.S. Bureau of Labor Statistics...

Macy's to close 150 namesake stores as sales slip, pivot to luxury with new Bloomingdale's locations

Feb. 27, 2024 17:10 PM EST

NEW YORK (AP) — Macy's will close 150 unproductive namesake stores over the next three years including 50 by year-end, the department store operator said Tuesday after posting a fourth-quarter loss and declining sales. As part of the strategy, Macy's aims to upgrade its remaining...

AutoZone, Macy's rise; Unity Software, CarGurus fall, Tuesday, 2/27/2024

Feb. 27, 2024 16:14 PM EST

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Tuesday: AutoZone Inc., up $184.53 to $2,954.99. The auto parts retailer beat analysts' fiscal second-quarter earnings and revenue forecasts. Macy's Inc., up 65 cents to...

Consumer confidence slips in February as anxiety over potential recession surprisingly reappears

Feb. 27, 2024 14:00 PM EST

American consumers are feeling less confident this month as concerns over a possible recession grew despite most recent data pointing to a healthy U.S. economy. The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 106.7 from a...

Stock market today: Wall Street edges back from its record heights

Feb. 27, 2024 00:07 AM EST

BANGKOK (AP) — Asian shares retreated on Tuesday after U.S. stocks edged back from their record heights. Most regional markets fell, while Shanghai advanced. U.S. futures and oil prices were little changed. Traders are growing cautious after the New Year's rally...

Walz signs his first bill of the 2-week-old legislative session, fixes error to save taxpayers $350M

Feb. 26, 2024 16:52 PM EST

ST. PAUL, Minn. (AP) — Gov. Tim Walz signed his first bill of the two-week-old 2024 legislative session on Monday, a correction to last year's main tax bill that could have cost Minnesota taxpayers around $350 million next year. The governor signed the bill with little fanfare,...

Domino's Pizza, Pilgrim's Pride rise; Alcoa, PPG Industries fall, Monday, 2/26/2024

Feb. 26, 2024 16:17 PM EST

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Monday: Alcoa Corp., down $1.18 to $25.34. The aluminum manufacturer is buying Alumina Limited in an all-stock deal valued at about $2.2 billion. Agiliti Inc., up $2.22 to...

What recession? Professional forecasters raise expectations for US economy in 2024

Feb. 26, 2024 10:45 AM EST

NEW YORK (AP) — This year looks to be a much better one for the U.S. economy than business economists were forecasting just a few months ago, according to a survey released Monday. The economy looks set to grow 2.2% this year after adjusting for inflation, according to the...