Biden campaign brings in $42 million in January, touts ‘historic’ cash-on-hand
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Argentina Announces Financial Surplus in January – the First in 12 Years
Economy Minister Luis “Toto” Caputo announced over the weekend that Argentina had recorded a budget surplus of about $620 million in January, the South American country’s first strong financial result in 12 years. Ta. of surplus, according to For the Argentine government, it results in a primary budget surplus and interest payments on public debt. […]
Producer prices and consumer prices both came in hot in January
Wholesale and retail prices rose more than expected in January, with data showing stubborn inflation and the Federal Reserve potentially holding off on cutting interest rates. The producer price index (PPI), which measures how much businesses pay each other for goods and services, rose 0.3% in January, beating expectations of 0.1%. Service prices rose 0.6% […]
Wholesale inflation accelerates more than expected in January
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.” Wholesale-level inflation was much higher than expected in January, highlighting the challenge of containing price pressures within the economy. The Labor Department announced Friday that it will measure the producer […]
Retail sales fall 0.8% in January: ‘Spending splurge nears end’
Retail sales in January fell by the most in almost a year, raising concerns that shoppers are becoming increasingly overwhelmed by the weight of persistently high inflation and record credit card debt. It’s increasing. The Commerce Department’s Census Bureau reported Thursday that retail sales fell by a worse-than-expected 0.8% last month after the December figure […]
Retail sales tumble much more than expected in January
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.” Americans put the brakes on spending in January after the crucial holiday season as they continue to face high interest rates and soaring prices for everyday goods. retail salesA measure […]
Watch Bob Iger Announce Disney’s Entry into Politics After January 6
Days after a mostly peaceful protest against voter fraud took place at the U.S. Capitol on January 6th, Disney CEO Bob Iger called an all-hands meeting to discuss Disney’s policy on political issues. He announced that the time had come to start “taking a stand.” At the time of this meeting, Bob Chapek was the […]
US inflation rose 3.1% in January, hotter than expected
U.S. inflation rose 3.1% in January, a sharper-than-expected rise that further heightened doubts about whether the Federal Reserve will start cutting interest rates this spring. Last month’s consumer price index, which measures changes in the cost of everyday goods and services, beat economists’ expectations of 2.9%, FacfSet said. Core CPI, which excludes volatile food and […]
Fed rate cuts ‘off the menu for now’ after hot January inflation report
Pacer ETF Distributor President Sean O’Hara talks about earnings season, the response to the Federal Reserve rate cut, and upcoming CPI and PPI reporting. Inflation has risen faster than expected at the start of the year, throwing a damper on Wall Street, which was hoping for an imminent government rate cut. federal reserve. of consumer […]
Dow falls more than 400 points after January inflation surprise
The Labor Department’s latest inflation numbers beat expectations on Tuesday, raising concerns on Wall Street that the U.S. Federal Reserve will not cut interest rates sooner or more often this year than previously expected. Stock prices fell. According to the Consumer Price Index (CPI) released on Tuesday, prices rose 0.3% from December to January, up […]