Stock futures rise as investors await key inflation data: Live updates – CNBC
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on August 8, 2024. Spencer Pratt | Getty Images U.S. stock futures were mixed early Tuesday as investors awaited this week’s key inflation readings and weighed fresh profits. S&P 500 futures and Nasdaq 100 futures rose 0.4% and 0.5%, […]
Trump hammers Democrats on border, inflation in Elon Musk interview
Former President Donald Trump and billionaire businessman Elon Musk discussed several key issues for the 2024 election during their highly anticipated X-Debate on Monday. More than 1.2 million users of Musk’s social media platforms tuned in to watch the interview, which was described as a “conversation” or “chat,” and heard the Republican presidential candidate and […]
Stocks Edge Higher in Run-Up to US Inflation Data: Markets Wrap – Yahoo Finance
(Bloomberg) — Stocks struggled to rise as traders awaited a key inflation reading that will help shape prospects for the Federal Reserve’s next steps. Most read articles on Bloomberg Stocks edged lower after rebounding from Monday’s market sell-off that rocked trading around the world. The Consumer Price Index appears to have edged up in July, […]
Jason Trennert Warns of ‘Second Wave of Inflation’ Unless Donald Trump Is Reelected
Jason Trennert, CEO of Strategas Research Partners, warned: Breitbart News Saturday Unless former President Donald Trump is re-elected, a “second wave of inflation” could occur in 2025. Trennert said: Breitbart News Saturday Host Matthew Boyle talks about the Regularman CPI, an economic tool that provides a more accurate measure of the rise in the Consumer […]
Gold News: Can Upcoming Inflation Data Propel XAU/USD Prices to New Highs? – FX Empire
Weekly Gold (XAU/USD)Expectations of a Federal Reserve rate cut grow Market expectations for a Federal Reserve interest rate cut in September are solidifying, with traders putting the chances of a 50 basis point cut at 55%. This potential shift in monetary policy is a key driver of gold prices, as lower interest rates typically make […]
Credit card debt: Inflation, interest rates have more Americans carrying balances over – USA TODAY
With credit card interest rates sky-high, more Americans are taking on credit card debt every month, a new survey finds. Half of all credit card holders were surveyed in June as part of Bankrate’s latest research study. Credit card debt investigation That’s up from 44% in January and the highest level since March 2020, when […]
Burger King sales slump as customers pull back on fast food spending amid inflation
Burger King Inc.’s sales fell last quarter despite touting discounts on its menu as inflation-weary customers continued to avoid eating out, parent company Restaurant Brands Inc. said Thursday. The Toronto-based conglomerate, which also owns brands such as Tim Hortons, Papa John’s and Popeyes, said same-store sales at the Whopper maker fell 0.1 per cent and […]
‘Feel betrayed’: Top conservative group blasts vulnerable Dems on inflation in multimillion-dollar ad blitz
First appearance on FOXAmericans for Prosperity Action, the political arm of the powerful conservative network Koch, is launching a multimillion-dollar advertising offensive in battleground states to target vulnerable incumbent Senate Democrats and boost their Republican opponents ahead of the November election. The influential conservative group is spending $5.75 million on advertising in Wisconsin, Montana, Nevada, […]
Here’s how much more you can expect to spend on back-to-school shopping amid sticky inflation
A new survey finds that costs on back-to-school shopping lists are expected to increase by 6% this fall due to persistent inflation, forcing some parents to make difficult decisions between saving on school supplies or cutting back on other discretionary spending. Parents of kindergarten through eighth grade students expect to spend an average of $333 […]
KFC, Pizza Hut sales slump as sticky inflation hampers parent Yum’s bottom line
Yum! Brands, the parent company of KFC and Pizza Hut, reported a larger-than-expected drop in same-store sales in the second quarter as high inflation led lower-income Americans to spend less on eating out. U.S. same-store sales for its Yum Fried Chicken (KFC) division fell 5% in the second quarter, down from a 7% decline in […]