US inflation picks up more than expected in December
Prices rose by 3.4% as Americans paid more to dine out as well as on housing and car insurance.
Prices rose by 3.4% as Americans paid more to dine out as well as on housing and car insurance.
The rocky path of inflation back to the Federal Reserve’s 2% target rate reflected in the latest Consumer Price Index figures means that it is likely too soon for the central bank to cut its policy rate in March, Cleveland Fed President Loretta Mester said on Thursday. “I think March is probably too early in my estimation for…
Dozens of prominent startups in India, one of the world’s largest internet markets, are creating a coalition to fight a Google decision that would require them to give 30% of in-app payments to the tech giant beginning next year. On Tuesday, nearly 60 executives from dozens of Indian companies kicked off preliminary discussions, three people…
Like many workers, saving for retirement wasn’t a priority for Mark Zimmermann. The 72 year old thought he’d always run the family dairy farm in Wisconsin, but that didn’t go as planned. “I struggled farming, I had too many disasters and was never able to put any money away,” Zimmermann told CNBC, speaking from an…
Articles asking us to feel sympathy for families barely scraping by on healthy six-figure incomes may be staples of the financial press, but it’s rare that they come packaged as real-world case studies attached to flesh-and-blood individuals. But that’s what happened just before Christmas, when law professor Steven Calabresi defended Supreme Court Justice Clarence Thomas’…
Business & FinanceEconomy 14 December 2023, 4:50 am 1 minute Reuters was first to report that the U.S. Treasury Department’s Office of the Comptroller of the Currency (OCC) carried out its first climate risk assessment of more than two dozen banks in recent months, laying the groundwork for heightened scrutiny of Wall Street’s accounting for…
Both United Airlines and Alaska Airlines find loose hardware on jets after Friday’s blow-out over Oregon.