Inflation

Inflation hovers over shoppers seeking deals on Black Friday

NEW YORK (AP) — Shoppers hunted for the best deals at stores and online as retailers offered new Black Friday discounts to entice consumers eager to start buying holiday gifts but weighed down by inflation. Due to the high prices for food, rent, gasoline and other essentials, many people were reluctant to spend unless there …

Inflation hovers over shoppers seeking deals on Black Friday Read More »

US cities where you need to earn over $200,000 to afford a home

Homeownership costs continue to squeeze out all but the richest buyers, and potential homeowners now need to earn $200,000 or more in eight US cities to afford a typical home, a new study found. US mortgage payments are up by an average of 45.6% in the last year. And with interest rates for 30-year fixed-rate …

US cities where you need to earn over $200,000 to afford a home Read More »

Fed’s Collins expresses hope that inflation can be tamed without hitting jobs

Susan Collins, Boston Federal Reserve Source: Federal Reserve Bank of Boston Boston Federal Reserve President Susan Collins expressed confidence Friday that policymakers can tame inflation without doing too much damage to employment. “By raising rates, we are aiming to slow the economy and bring labor demand into better balance with supply,” Collins said in prepared …

Fed’s Collins expresses hope that inflation can be tamed without hitting jobs Read More »

Japan’s economy shrinks for the first time in a year

Japan’s economy unexpectedly shrank for the first time in a year in the third quarter, stoking further uncertainty about the outlook as global recession risks, a weak yen and higher import costs took a toll on household consumption and businesses. The world’s third largest economy has struggled to move on despite the recent lifting of …

Japan’s economy shrinks for the first time in a year Read More »

Are YOU being hit by inflation hardest? Map shows where cost of living is hitting hardest

Some cities and states are battling the ongoing inflation crisis in the US better than others, according to the Bureau of Labor Statistics. On Thursday, it was announced that inflation moderated in the United States last month, in a sign that the price increases that have hammered are easing as the economy slows and consumers …

Are YOU being hit by inflation hardest? Map shows where cost of living is hitting hardest Read More »

It may be cheaper to eat out on Thanksgiving as grocery prices soar

With prices up sharply from a year ago, Thanksgiving is hitting grocery households a lot harder this year. Per-pound prices for Turkey, the holiday’s biggest staple, is up 17% year over year, according to the latest inflation data. Turkey is forecast to be 23% priceier in the fourth quarter due to both inflation and avian …

It may be cheaper to eat out on Thanksgiving as grocery prices soar Read More »

Meta to lay off 11,000 employees, as Zuckerberg says he is ‘accountable for missteps’

New York CNN Business — Facebook parent company Meta on Wednesday said it is laying off 11,000 employees, marking the most significant job cuts in the tech giant’s history. The job cuts come as Meta confronts a range of challenges to its core business and makes an uncertain and costly bet on pivoting to the …

Meta to lay off 11,000 employees, as Zuckerberg says he is ‘accountable for missteps’ Read More »