Why are consumers pessimistic about the economy while inflation is cooling? Economy November 10, 2024 Inflation hit the highest level in four decades a little more than two years ago, and while it has cooled…
US economy added 12K jobs in October, well below economists’ expectations Economy November 9, 2024 U.S. job growth slowed down in October, coming in well short of economists’ expectations, while the unemployment rate was unchanged. …
IRS increases 401(k), other retirement plan contribution limits for 2025 Economy November 8, 2024 The Internal Revenue Service (IRS) on Friday announced that it increased the amount that individuals can contribute to their 401(k) and…
El-Erian: Interest rates, inflation moving in right direction, but lower prices ‘not going to happen’ Economy November 7, 2024 A prominent economist and educator is warning that Americans squeezed by the highest inflation rates in four decades are unlikely…
Manufacturing sector sheds 78K jobs in last three months Economy November 6, 2024 The manufacturing sector continued to shed jobs in October, bringing its tally of job losses to 78,000 over the past three…
Inflation in battleground state Pennsylvania remains higher than national average Economy November 5, 2024 Battleground state Pennsylvania will be closely watched on Election Day, and Keystone State consumers are continuing to grapple with inflation…
Disney fans blast ‘obscene’ prices at new cake shop: ‘Shockingly offensive’ Economy November 3, 2024 A new cake shop, located at Disney’s Florida theme park, is opening this fall and is being criticized for its…
Holiday spending projected to hit new record this year Economy November 2, 2024 The National Retail Federation (NRF) projected that holiday spending will increase this year to a new record, totaling between $979.5…
American consumers see debt delinquency risk rising, higher long-term inflation: NY Fed Economy November 1, 2024 American consumers’ expectations about the risk of debt delinquency rose to the highest level in more than four years last…
Retail sales show solid increase in September Economy October 31, 2024 Retail sales increased more than expected in September as the U.S. economy continued to show signs of growth in the…