Wholesale inflation jumps to highest level since April 2023
Former White House Chief Economist Joe LaBogna and JPMorgan’s Kelsey Bello discuss whether strong consumer spending is a “money-making” concern for the Fed. Inflation at the wholesale level picked up steam in March, the latest sign that price pressures within the economy remain uncomfortably high and difficult to control. The Labor Department announced Thursday that […]
NY Community Bancorp paying highest savings rate in the US
New York Community Bancorp’s online arm offers higher savings account interest rates than other U.S. banks, despite a bailout by an investor group led by former Treasury Secretary Steve Mnuchin. Officials reported that this could be a sign of distress. report. The local bank’s digital arm, called My Banking Direct, is the best savings account […]
These are the US cities with the highest inflation
The Morning with Maria panel examines March core CPI, expected Fed rate cuts, and the overall market outlook. Rising inflation continues to reduce Americans’ purchasing power across the country, but rising prices are impacting some regions more than others. U.S. prices rose 3.5% in March from a year earlier, marking the third consecutive month of […]
Mortgage rates hit highest level since November after hot inflation report
Mortgage rates rose to their highest since November as the much-anticipated rate cut schedule was extended until 2024. The average 30-year fixed mortgage rate on Wednesday reached 7.29%, the highest since November. daily mortgage news. The jump followed the release of new consumer price index inflation data for March, which came out slightly better than […]
New York Community Bank’s online arm is paying the nation’s highest interest rate – CNBC
New York Community Bank in Brooklyn, New York City on February 8, 2024. Spencer Pratt | Getty Images New York Community Bank, the regional financial institution that saw more than $1 billion in lifeline needs last month, offers some of the best interest rates in the country on savings accounts. NYCB has increased the annual […]
Job cuts jump to highest level since January 2023
Lisa Erickson, senior vice president at U.S. Bank Wealth Management, analyzes stock trends, the job market and potential “signs of further deterioration.” of pace of work Layoffs by U.S. employers accelerated again in March, a sign that the labor market is beginning to deteriorate in the face of ongoing inflation and high interest rates. That’s […]
California Raises Minimum Wage For Fast Food Workers Despite Highest Unemployment Rate In the Nation
California’s mandate to pay workers at fast-food chains a minimum wage of $20 an hour went into effect Monday despite concerns that it could worsen the state’s unemployment and inflation problems. The new rules will increase the minimum wage for workers at large chain restaurants by 25% and create a Fast Food Council with the […]
US tuberculosis cases in 2023 at highest level in decade, CDC says
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City Council asks highest court to allow non-citizens to vote
The New York City Council has asked the state Supreme Court to overturn two rulings to clear the way for noncitizen immigrants to vote in municipal elections. The controversial election change, passed by the City Council and signed into law by then-Mayor Bill de Blasio in late 2021, gave 800,000 non-citizens with green cards or […]
France Raises Terror Alert to Highest Level After Moscow Attack
The French government raised its terrorist threat alert to the highest level on Sunday night following a suspected ISIS attack on a Moscow concert hall that killed at least 137 people. French Prime Minister Gabriel Attal said the government would raise tax rates. Vigipirate Terrorism Warning System Level 3 is the highest level at which […]