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 […]
US Stocks Tumble After Inflation Comes In Above Expectations
Major U.S. stock indexes ended the day with huge losses as investors reacted to inflation data that cast doubt on expectations for near-term interest rate cuts from the U.S. Federal Reserve. Dow Jones Industrial Average Dropped It fell more than 500 points to 1.35% on Tuesday, while the S&P 500 and Nasdaq fell 1.37% and […]
Lana Del Rey takes a tumble as Taylor Swift and her squad celebrate Travis Kelce’s Super Bowl win
Feet, don’t betray her now. Lana Del Rey was spotted falling in the VIP box at Allegiant Stadium in Las Vegas on Sunday. The “A&W” hitmaker appeared to be flipping out in his seat after his friend Taylor Swift and the rest of the star-studded suite got into a celebratory mood after the Kansas City […]
McDonald’s Shares Tumble After Executives Acknowledge Price Inflation
McDonald’s executives have finally acknowledged that the $18 Big Mac menu and other high prices are driving low-income customers away. “We do know that consumers are becoming more wary or fed up with pricing,” Chief Financial Officer Ian Bowden told investors on Monday’s earnings call. of transcript In a conversation obtained by Business Insider, CEO […]
Jobless claims tumble to lowest level since 2022
Mornings with Maria panelists react to December's better-than-expected jobs report and detail the expected impact on the labor market and the U.S. economy. Number of Americans applying unemployment allowance The labor market unexpectedly fell to a 16-month low last week, evidence that the labor market remains resilient in the face of high interest rates and […]