inflation

S&P Global Says Companies Raising Prices Amid Increased Input Costs
S&P Global Says Companies Raising Prices Amid Increased Input Costs
September 23, 2024  |  Economy

September has seen prices rise at the fastest rate in six months, S&P Global said Monday (Sept. 23), attributing it to increasing input cost growth....

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Paycheck-to-Paycheck Consumers Won’t Find Budgetary Breathing Room From Rate Cuts
Paycheck-to-Paycheck Consumers Won’t Find Budgetary Breathing Room From Rate Cuts
September 23, 2024  |  Economy

The initial euphoria that greeted the Federal Reserve’s decision this past week to cut interest rates for the first time in four years was keenly...

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JPMorgan Chase CEO Jamie Dimon Says Inflation Likely to Persist
JPMorgan Chase CEO Jamie Dimon Says Inflation Likely to Persist
September 20, 2024  |  Economy

JPMorgan Chase CEO Jamie Dimon reportedly said Friday (Sept. 20) that he is skeptical that the U.S. economy will see a soft landing. “I am a...

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Three Banks to Lower Prime Lending Rate to 8% After Fed’s Rate Cut
Three Banks to Lower Prime Lending Rate to 8% After Fed’s Rate Cut
September 18, 2024  |  Banking

Three banks will lower their prime lending rate after the Federal Reserve decided to reduce the federal funds rate. BMO, Truist Financial and MT&T Bank...

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Online Sales Bump August Retail Spending Higher
Online Sales Bump August Retail Spending Higher
September 17, 2024  |  Economy

Consumers are still spending, but the pace — at least as detailed in the latest retail sales report from the Census Bureau for August —...

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Retail Sales Preview: Will July’s Consumer Spending Momentum Continue?
Retail Sales Preview: Will July’s Consumer Spending Momentum Continue?
September 16, 2024  |  Consumer Insights

On Tuesday (Sept. 17), we’ll find out if the July surge in consumer spending — as measured via unadjusted retail sales — has amounted to...

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Target’s 100K-Worker Holiday Hiring Plans Stick to 2023 Levels
Target’s 100K-Worker Holiday Hiring Plans Stick to 2023 Levels
September 16, 2024  |  Retail

Target says it aims to hire roughly 100,000 workers for the holiday shopping season. The retailer’s plans, announced Monday (Sept. 16), are in line with last year’s hiring levels,...

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Consumer Lenders Worry as Borrowers Struggle With Bills
Consumer Lenders Worry as Borrowers Struggle With Bills
September 15, 2024  |  Consumer Finance

Americans’ struggles with their bills has reportedly been bad news for consumer lending firms. Shares in those companies fell last week following warnings from executives...

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DIY Diamonds: Luxury Gemstones Are Becoming More Accessible
DIY Diamonds: Luxury Gemstones Are Becoming More Accessible
September 14, 2024  |  Retail

Give someone a diamond, they have a diamond; give someone a machine that makes diamonds, they have diamonds for a lifetime. There is an old...

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