Today: 16. Nov, 2024
Despite the decrease in inflation rates, many remain concerned as they remain elevated. The Bureau of Labor Statistics reveals a 5% inflation rate for the 12 months until March 2023. Although an improvement from the 8.5% inflation observed from March 2021 to…
As Wednesday witnesses a slump in stocks, Wall Street continues to lose pace after an impressive performance throughout the year. In the afternoon trading session, the S&P 500 saw a drop of 1.2%, on track for a consecutive loss after attaining a…
The latest actions from prominent lenders such as Nationwide, HSBC, and TSB, who have slashed their fixed mortgage rates, indicate that the peak of home loan costs might be near after escalating to almost 7%. This move is in response to data…
Monday saw stocks taking a steady course, with Wall Street heading towards the completion of another successful month. As of midday, the S&P 500 was 0.1% higher, poised for its fifth consecutive month of profits, the longest gain streak in almost two…
The second quarter earnings season for US firms commences this week, delivering the profit or loss reports from April to June 2023 while also unveiling fresh inflation data. Many economists are connecting these two elements, spotlighting the trend of the price-price spiral…
The U.S. economy displayed an unexpected growth spurt from April to June, achieving a 2.4% annual growth rate. This resilience was exhibited even amidst steadily rising interest rates due to the Federal Reserve’s ongoing 16-month efforts to curb inflation. On Thursday, the…
Wall Street is seeing an upswing this Thursday due to robust profit results from significant corporations and ongoing evidence of the economy’s resilience against recession forecasts. By morning trading, the S&P 500 had ascended by 0.6% following its peak in approximately 16…
The International Monetary Fund (IMF) has delivered an encouraging update on the state of the global economy, indicating stronger resilience than previously expected. However, amidst the progress, the IMF warns that inflation continues to be the biggest threat to sustained recovery. In…
As of Friday, Wall Street appears poised for another successful week as the stock market steadies following a drop the previous day. Midday trading saw a 0.3% increase in the S&P 500, setting it on track for its eighth triumphant week out…
First, there was an increase in tipping, and now, additional charges are piling up. Restaurants nationwide are increasingly implementing these surcharges, typically between 3% and 5%, to cover health insurance, inflation, credit card transactions, or even the use of tap water. In…
