GDP Soars 3.3%, Much Higher Than Expected
The U.S. Bureau of Economic Analysis said Thursday that the economy grew much faster than expected in the final months of 2023, driven by strong consumer spending and expanding government budgets. Gross domestic product (GDP), the government's broadest measure of the economy, grew at an annual rate of 3.3%, adjusted for inflation, in the fourth […]
Gas prices climb higher as arctic winter weather impacts production: AAA
With the colder weather this week, your pump bill may have gone up. (iStock) Gas prices rose slightly this week as arctic winter weather affected gas production across the country, according to AAA. AAA said the national average cost of a gallon of gasoline rose 2 cents from last week to $3.09, reflecting a slowdown […]
US dollar finds some bids as yields tick higher – ForexLive
Despite the Fed's Goolsby's dovish comments, the US dollar is rising across the board. Markets continue to try to adjust Fed policy, with a 136 bps rate cut currently priced in for the rest of the year, bringing the rate cut in March to 55%. Bonds started the year very well and have been giving […]
A different way to finance higher education: with equity
The recent campus crisis shows that universities are not investing enough in our nation's students. This is not surprising. Incentive structures are like that. Universities are no longer nonprofit institutions focused on higher education, but businesses where presidents like Claudine Gay act as asset managers and students act like customers. These once-respected institutions claim: tax […]
Retail Sales Surge Higher Than Expected, Threatening to Ignite Inflation
U.S. shoppers eagerly reached for their wallets and credit cards in December, spending far more than expected, according to Commerce Department statistics on Wednesday. U.S. retail sales rose 0.6% from the previous month, well above expectations for a 0.2% increase. Compared to the previous year, sales increased by 4.8%. Sales of cars and trucks drove […]
Stocks Edge Higher as Traders Weigh Policy Outlook: Markets Wrap – Yahoo Finance
(Bloomberg) European stocks struggled to find traction and bonds fell as traders weighed the outlook for monetary policy ahead of a slew of speeches by policymakers at the World Economic Forum in Davos this week. Most Read Articles on Bloomberg The Stoxx Europe 600 Index edged up 0.1%. Grifols rose more than 7% after the […]
Bill Ackman to form a think tank to probe higher education
Billionaire hedge fund manager Bill Ackman plans to form a think tank to study higher education after his success in forcing ousted Harvard University president Claudine Gay to resign. The 57-year-old founder of Pershing Square Capital Management says he wants enough to protect Jewish students from anti-Semitism in the wake of Hamas' deadly attack on […]
Forexlive Americas FX news wrap 11 Jan: CPI higher but gains in dollar and yields reverse. – ForexLive
US CPI was the big event of the day and also the big event of the week. Month-over-month data showed an increase of 0.3% in both headline and core. On a year-on-year basis, the core fell to 3.9% compared to 4.0% in the previous month, but was higher than the expected 3.8%. Composite CPI YoY […]
Inflation jumps 0.3% in December, higher than expected
Former President Reagan economist Art Laffer talks about inflation, recession concerns, and the impact of the election on the economy. Inflation rose more than expected in September due to soaring energy and housing costs, highlighting the challenge of containing price pressures in the economy. The Labor Department said Thursday that the consumer price index, which […]
December inflation report likely to show prices ticked higher last month
Kenny Porcari, chief market strategist at Slatestone Wealth, responded to Jamie Dimon's comment on “The Big Money Show” that high Fed interest rates could lead to a recession. A closely watched inflation report on Thursday is expected to show progress in combating price pressures in the economy slowed in December. Economists expect the consumer price […]