Corporate profits have withstood raging inflation over much of the last year, but those good times may be ending. Profits stayed fat even as companies’ costs rose thanks to one simple trick: ...
Just days ago, the MSNBC anchor inadvertently stepped into a Twitter firing squad by trying to explain how higher wages are adding to the specter of inflation that’s haunting the U.S. economy.
LOS ANGELES — Mortgage rates are expected to come down later this year, but any benefit to homebuyers could be muted by developments in the market for financial instruments tied to mortgages. Over the ...
The Producer Price Index dished up another nasty surprise, with the Services PPI leaping by 7.1% annualized, and with the Finished Goods PPI jumping by 4% annualized in January. During the current ...
The Fed began raising “interest rates” on March 16, 2022. At the time the dollar price of gold was $1,936. 525 basis points worth of hikes later, the dollar price of gold sits at $2,041. Why the ...
While the White House lectures on the strength of the economy, Americans are drowning in credit-card debt, which hit a record high $1.13 trillion by the end of last year. Of course Americans are sour ...
FILE - A display shows most indices up on the floor at the New York Stock Exchange in New York, Tuesday, Oct. 4, 2022. Corporate profits have withstood raging inflation over much of the last year, but ...
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