Inflation

Small business owners are more optimistic than they’ve been throughout 2024 but they remain less optimistic than they have been historically. The NFIB Small Business Optimism Index rose 0.8 point to 90.5 in May,…

28 Mins AgoDoubleLine Gundlach says Fed's dot plot will show 2 cuts for 2024DoubleLine Capital CEO Jeffrey Gundlach believes the Federal Reserve's so-called dot plot will show a projection of only two rate cuts for this year, he said in…

TOKYO (AP) — Toyota Chairman Akio Toyoda apologized Monday for massive cheating on certification tests for seven vehicle models as the automaker suspended production of three of them. The…

19 Mins AgoGameStop shares in the red, Wedbush says Roaring Kitty boost is fadingGameStop shares slipped 1% in volatile trading Monday even after the meme stock had jumped in premarket trading.The video game company said it was selling…

HONG KONG (AP) — Asian stocks were mixed Friday after a steady Thursday on Wall Street as markets anticipated the key U.S. jobs data that will be revealed later in the day.U.S. futures and oil…

Rate hikes seem to be more effective in Canada than in the US in slowing the economy and bringing down inflation. By Wolf Richter for WOLF STREET. “With continued evidence that underlying inflation is easing,” the Bank of Canada…

Gen Z members, born between 1997 and 2012, have been hit harder by higher prices than all other age groups.Relief appears to be on the horizon, with some of those price increases poised to slow in coming months.Freshly minted college…

"Spaving," or spending more to save more, has become a dangerous habit for cash-strapped Americans amid elevated inflation and mounting debt.Though inflation eased in April, the consumer price index was still up 3.4% from a year prior. …

Turkish inflation jumped above 75 percent in May, official data showed Monday, but officials expect consumer prices to have finally peaked in a cost-of-living crisis that has dogged President Recep Tayyip Erdogan.Turkey has been…

NEW YORK (AP) — Falling technology stocks are once again pulling Wall Street lower on Friday and overshadowing gains made by other, less influential stocks in the market. The S&P 500 was down…