Wednesday’s inflation report showed consumer price growth continues to drift higher. The Bureau of Labor Statistics reported price growth accelerated to 3.5% in March, from 3.2% in February. Few categories had as big a jump year on year than auto insurance, which soared 22% from March 2023, the most significant year-on-year jump in that category since 1976. And over the ...
Shares of Trump Media have erased all their gains since they began trading under the ticker DJT last month. The stock closed down more than 8% Monday at $37.17 after falling about 11% earlier in the day. It had traded above $79 a share on March 26, the day of its debut. But experts say it’s hard to draw any ...
Inflation likely remained elevated once again for the month of March, adding another round of price increases to Americans’ already-strained wallets. On paper, the U.S. economy looks solid. The unemployment rate has now remained below 4% for the longest stretch since the 1960s. Stocks are at all-time highs. The economy continues to add jobs. But since the start of the pandemic, ...
‘They can’t get it wrong again’: Economists are increasingly uncertain about Fed rate cuts this year
The U.S. Federal Reserve is determined not to reduce interest rates too soon — and some economists say recent data has pushed a summer cut completely off the table. Friday’s jobs report reiterated the seemingly unwavering strength of the U.S. labor market and suggested further need for Fed caution. All eyes will now be on Wednesday’s consumer price index, after February’s annual inflation rate of ...
Shares of Trump Media have erased all their gains since they began trading under the ticker DJT last month. As of Monday afternoon, the stock was priced at about $36 — down from a high of $66 seen March 27. But experts say it’s hard to draw any firm conclusions about what the stock price’s movement means. That’s because so ...
If you bought packaged meat or bagged fruit from Walmart in the past five years or so, you may be eligible for a settlement payment. The retail giant has agreed in principle to pay back a fraction of what affected customers spent on the purchases as part of an agreement with plaintiffs who claimed it illicitly inflated the price of ...
Shares of Trump Media have erased all their gains since they began trading under the ticker DJT last month. As of Monday afternoon, the stock was priced at about $36 — down from a high of $66 seen March 27. But experts say it’s hard to draw any firm conclusions about what the stock price’s movement means. That’s because so ...
The NCAA Women’s Basketball National Championship is set to smash viewership records as star players and greater TV coverage drive more fans than ever to the sport. The matchup between Iowa and South Carolina, both No. 1 seeds, is slated for 3 p.m. Sunday at the Rocket Mortgage Fieldhouse in Cleveland. Friday night’s matchup between Iowa and No. 3 seed ...
It will take more than the moon blocking out the face of the sun for Emily Gegg and Amanda Schwent to charge more for moonsicles. The best friends and co-owners of Luna’s Shaved Ice have stockpiled 25,000 of their frozen fruit pops to sell for $3 apiece to visitors descending on Perryville, Missouri, to watch Monday’s total solar eclipse. “We ...
Small and midsize firms remain eager to expand their workforces, but economists say many jobseekers are likely chasing higher pay at larger companies with deeper coffers. The U.S. economy added 303,000 jobs last month, far more than anticipated, the Bureau of Labor Statistics reported Friday. That blowout report came days after private payroll processor ADP likewise found more March jobs ...