Existing home sales rose 3% to start the year, but higher mortgage rates are already hurting – CNBC
“While home sales are still significantly lower than they were a few years ago, January’s monthly increase is the beginning of an expansion in supply and demand,” said NAR Chief Economist Lawrence Yun. “Listings are up slightly and homebuyers are taking advantage of lower mortgage rates compared to the end of last year.” The inventory […]
PA food supplier warns Americans affected by inflation are becoming ‘resistant’ to higher prices
Inflation dug deeper into residents’ wallets in the Keystone State last year than in any other state, and a Philadelphia-based food vendor warns the battle may not be over yet. . “We always have enough product and are always focused on providing the right product for our customers,” said Mike Watson, head of buyer sales […]
PA food supplier warns Americans getting squeezed by inflation are becoming ‘resistant’ to higher prices
FOX Business’ Jeff Flock reports from the Philadelphia Agricultural Processing Center. Inflationary costs are hurting business in Philadelphia. Inflation dug deeper into residents’ wallets in the Keystone State last year than in any other state, and a Philadelphia-based food vendor warns the battle may not be over yet. . Mike Watson, head of buyer sales […]
European markets close slightly higher; Temenos up 8.8% – CNBC
8 minutes ago European stocks end higher European stocks rose slightly on Monday, with the Stoxx 600 index up 0.17% after gaining 1.4% last week. Britain’s FTSE 100 index rose 0.22%, while France’s CAC40 index was flat and Germany’s DAX index fell 0.15%. See chart… STOXX 600 index. 2 hours ago AstraZeneca executive says lung […]
Mets now counting on Francisco Alvarez with higher expectations
PORT STREET SEA — Francisco Alvarez stood in front of his locker Sunday with an interpreter by his side just in case, but he was determined to understand and answer questions from reporters in English. When asked if he thought about next season in terms of how many home runs he could hit, the Mets […]
Higher interest rates help NatWest make biggest yearly profit since 2007 – Yahoo Finance UK
NatWest Group has reported its best annual profit since just before the 2008 financial crisis, as it marks a departure from the recent bank demonetisation spree with the appointment of a permanent boss. New CEO Paul Thwaite said he was “focused on what we can control”, such as building profits and cutting costs. His appointment […]
Producer Price Inflation Rips Higher
A key inflation measure jumped in January, confirming earlier data showing prices for U.S. goods and services rose at a faster pace as the new year began. The final demand producer price index, a broad measure of the prices paid for goods and services produced by U.S. businesses, rose 0.3% from a month earlier, the […]
Surging auto insurance costs are fueling higher inflation
Former Assistant Secretary of the Treasury Monica Crowley talks about the strain inflation is having on the middle and lower classes on “The Bottom Line.” Rising auto insurance premiums are fueling high inflation and continuing to put financial pressure on millions of households across the country. Consumer prices rose 0.3% Labor was up 3.1% in […]
HBCUs become safe haven for students uncertain of higher ed path after affirmative action ruling
Historically Black Colleges and Universities (HBCUs) are facing a complicated situation after the Supreme Court banned affirmative action in college admissions. This ruling has left many applicants uncertain about their chances when pursuing higher education. Advocates say the ruling has a huge impact on minority students, who know their success will be welcomed and who […]
Inflation rises higher than expected, further obscuring the timeline on the Fed’s interest rate cuts
Shelter and food costs rose in January, offsetting a drop in gas prices. (iStock) Inflation rose again in January due to continued increases in prices for food, housing and other services, according to the report. consumer price index (CPI) Published by the Bureau of Labor Statistics (BLS). On an annual basis, prices rose 3.1% in […]