PGA Tour winner and broadcaster Mark Carnevale dies ‘unexpectedly’ at 64
Mark Carnevale, former PGA TOUR The golfer and longtime announcer died “suddenly” on Monday, more than a week after covering the Genesis Scottish Open, the tour confirmed. He was 64 years old. “Mark was a long-time and beloved member of the Tour family,” PGA Tour Commissioner Jay Monahan said in a statement. Mark Carnevale hits […]
Consumer Sentiment Unexpectedly Sinks To 8 Month Low
The Biden campaign had hoped that a recent drop in inflation might lift voters’ views of the economy, but those hopes took a hit on Friday after the University of Michigan said its gauge of consumer sentiment fell to its lowest level in eight months in early July. Preliminary results from the University of Michigan […]
Inflation unexpectedly rose to 2.7% in June in producer price index
Inflation as measured by the producer price index rose to 2.7% for the year ending in June, the Bureau of Labor Statistics reported Friday, some bad news for the Federal Reserve and President Joe Biden. Economists had forecast a slight rise in inflation from 2.2% in May. On a month-to-month basis, the producer price index increased by 0.2 percentage points, more than expected. […]
Inflation unexpectedly drops to 3% in June
Nancy Tengler, CEO and CIO of Laffer Tengler Investments, explains why she recommends investing in stocks over bonds over the long term. Inflation rate fell more than expected in June Federal Reserve Prices remained uncomfortably high for millions of Americans. The Labor Department said Thursday that the Consumer Price Index (CPI), a broad gauge of […]
UK new car sales hit 1m in first half for first time since 2019; German factory orders fall unexpectedly – business live | Business
Important Events SMMT chief executive Mike Hawes was asked earlier how demand for electric cars was holding up. “It’s OK,” he said, but added that it will be a long and difficult road before electric vehicles hit the mass market. June was okay, but what we’ve seen is that we’ve hit a kind of plateau. […]
US weekly jobless claims unexpectedly spike to 10-month high
“Mornings with Maria” panelists react to the better-than-expected December jobs report and detail the likely impact on the labor market and the U.S. economy. How many Americans are applying? Unemployment benefits It unexpectedly jumped to a 10-month high last week, the latest sign that the labor market is starting to cool on the back of […]
US job growth jumps by 272K in May while unemployment unexpectedly rises
Lincoln Tech CEO Scott Shaw explains in “Varney & Company” why young workers are seeking trades jobs: U.S. job growth accelerated again in May, defying expectations of a slowdown even as the unemployment rate rose to its highest level in more than two years. Employers added 272,000 jobs in May, the Labor Department said in […]
Job openings unexpectedly fall in April to lowest level in 3 years
Writing in Making Money, Michael Gapen, head of U.S. economics at Bank of America Securities, discusses whether April’s jobs report will influence the Fed’s interest rate decision. U.S. job openings fell to the lowest level in more than three years in April, the latest sign that the labor market is cooling as the economy slows. […]
NYC Tony Dapolito pool with Keith Haring mural unexpectedly closed for another summer
Another summer wasted. Village residents were left scratching their heads after learning their beloved neighborhood pool, famous for its Keith Haring murals, would not be available for another year after being closed for five years. Though the Tony D’Apolito Recreation Center pool is still “in need of major renovation,” it was a staple in the […]
Wholesale inflation unexpectedly jumps again to highest level in a year
Gina Bolvin, president of Bolvin Wealth Management Group, discusses commodity movements, expected inflation data, the housing industry and the outlook for consumers. Wholesale-level inflation is much higher than expected in April, the latest sign that price pressures in the economy remain high and difficult to contain. The Labor Department announced Tuesday that it will measure […]