A customer shops for food at a grocery store in San Rafael, California, March 12, 2024. Justin Sullivan | Getty Images News | Getty Images The U.S. is still grappling with higher inflation, government data released this week shows. But there are some bright spots for consumers. Inflation is lower than its 2022 peak. And
Month: March 2024
A For Sale sign is posted in front of a home for sale in San Marino, California on September 6, 2023. Frederic J. Brown | AFP | Getty Images Mortgage rates swung slightly lower last week, fueling a significant jump in mortgage demand for the second straight week. Total application volume rose 7.1%, compared with
Andrew Merry | Moment | Getty Images DETROIT — The buzz around electric vehicles is wearing off. For years, the automotive industry has been in a state of EV euphoria. Automakers trotted out optimistic sales forecasts for electric models and announced ambitious targets for EV growth. Wall Street boosted valuations for legacy automakers and startup
Shopper carrying two large shopping bags from the clothing retailer Zara on Oxford Street on 5th February 2024 in London, United Kingdom. Oxford Street is a major retail centre in the West End of the capital and is Europes busiest shopping street with around half a million daily visitors to its approximately 300 shops, the
Ken Griffin, Citadel at CNBC’s Delivering Alpha, Sept. 28, 2022. Scott Mlyn | CNBC Ken Griffin, Citadel founder and CEO, thinks the Federal Reserve should move slowly to cut interest rates in its fight against stubborn inflation. “If I’m them, I don’t want to cut too quickly,” Griffin said at the International Futures Industry conference in
Shoppers are seen in a Kroger supermarket in Atlanta on Oct. 14, 2022. Elijah Nouvelage | AFP | Getty Images Consumers continued to contend with higher inflation in February, according to new government data. The consumer price index — an inflation measure that tracks changes in the prices of consumer goods and services over time
A new study shows that coastal communities may be more at risk from sea-level rise than previously thought. That could have profound impacts on real estate, infrastructure and the U.S. economy. The sea level is rising as the earth heats and glaciers melt. At the same time, land is sinking—another detrimental result of climate change.
Taxes and Migration: New Evidence from Academic Research Skip to content Home • Blog • Taxes and Migration: New Evidence from Academic Research Do taxes affect individuals’ decisions regarding where to live and work? Can high taxes cause the outmigration of wealthy individuals? If so, why should national and state governments care about that? Academics
In this article ULCC Follow your favorite stocksCREATE FREE ACCOUNT A Frontier Airlines plane lands at the McCarran International Airport in Las Vegas on Thursday, Feb. 27, 2020. Elizabeth Page Brumley | Tribune News Service | Getty Images First class on Frontier? Not quite. But the budget airline on Tuesday launched a new add-on to
In this article JHG Follow your favorite stocksCREATE FREE ACCOUNT Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2024. Brendan Mcdermid | Reuters LONDON — Global dividend payouts to shareholders hit a record $1.66 trillion in 2023, according to a new report by British
Bankruptcy Court. Dayton, Ohio. Stanrohrer | E+ | Getty Images The Biden administration’s new student loan bankruptcy policy is making it easier for borrowers to walk away from their debt in court, attorneys say. “We have gotten forgiveness for a number of clients under the new bankruptcy changes,” said Malissa Giles, a consumer bankruptcy lawyer
In this article ZG Follow your favorite stocksCREATE FREE ACCOUNT Skynesher | E+ | Getty Images Factors beyond high mortgage rates are affecting housing affordability for many Americans, according to experts. Almost four years ago, a household earning $59,000 annually could afford a new mortgage without spending more than 30% of their monthly income and
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