US economy cools as GDP growth hits lowest level since 2022 , inflation remains sticky to send Dow spiraling
Markets plunged Thursday as U.S. economic growth slowed to its slowest pace in two years in the first quarter, while inflation accelerated further, as President Joe Biden faces a brighter outlook for U.S. households heading into his re-election campaign. was cloudy. According to data released by the Department of Commerce, gross domestic product (GDP) grew […]
Money Supply Surges To Highest Level In Over A Year
The amount of money in circulation in the United States is expanding rapidly, a warning sign that inflation could continue to rise. The so-called M2 money supply includes currency, savings accounts, and retail money market funds. Money supply rose to a one-year high, increasing 0.8% from a year ago, according to data released Tuesday afternoon. […]
Murdered Kansas moms suspect bought Tasers, burners before women went missing, searched ‘pain level’: docs
A grandmother accused of killing two Kansas women during a child custody battle searched for “Taser pain level” and other phrases that offered insight into the women’s horrific deaths, court documents say. It became clear. In the death of the 27-year-old mother, her grandmother Tiffany Machelle Adams, 54, her boyfriend Tad Burt Karam, Cole Twombly […]
Scottie Scheffler approaching Tiger Woods’ level of dominance
AUGUSTA, Ga. — If you weren’t already in awe of Scotty Scheffler, you probably are now. Because that’s how it should be. Golf has regained its dominance. That’s good. “We teed it up here and he was supposed to win, so he won,” Xander Schauffele said Sunday, as he and the rest of Masters Field […]
World Leaders Condemn Iran’s Strikes on Israel for Crossing ‘New Level’
World leaders immediately condemned the “reckless” attack on Israel by Iran’s Islamist regime, which launched dozens of drone and missile strikes against the Jewish state on Saturday. “We have crossed a new line.” The international community, including the leaders of the United Kingdom and the European Union, immediately condemned the Iranian Revolutionary Guards attack on […]
Former Obama adviser: Kushner engaged in ‘level of corruption that we’ve just never seen’ with foreign relations
Former Obama deputy national security adviser Ben Rhodes accused Trump’s son-in-law, Jared Kushner, of engaging in “a level of corruption we’ve never seen before” when talking about recent foreign investments. said. Asked about a recent report in the New York Times that detailed 99% of Kushner’s money in investment funds, Mr. Rose said that Mr. […]
Credit card delinquencies hit highest level on record
Lee Munson, President and CIO of Portfolio Wealth Advisors, talks about the market, March CPI, and earnings season. Americans are drowning in credit card debt. new Published data A survey by the Federal Reserve Bank of Philadelphia shows that more Americans are struggling to make their monthly credit card payments as the battle against high […]
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 […]
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 […]
Small business optimism hits lowest level since 2012: NFIB
Jason Katz, a UBS managing director and senior portfolio manager, said the 2% inflation target was arbitrary for Barney & Company. small business optimism A new report from the National Federation of Independent Business (NFIB) shows that sales fell to their lowest level in more than a decade in March. The NFIB’s Small Business Optimism […]