Stock Groups

Two-thirds of American workers say pay not keeping up with inflation

Moyo Studio | E+ | Getty Images On Friday, core personal consumption expenses price index (the latest inflation reading from the government) showed that although prices might be beginning to decrease from records, financial stress for workers, despite the high inflation of four decades, remains elevated. American workers believe their pay is not up to […]

Stock Groups

CBO releases U.S. GDP growth, inflation estimates

One person races in front the U.S. Capitol during the morning hours of Washington, 02/10/2022 Brendan McDermid | Reuters According to Wednesday’s government forecast, U.S. growth will surpass 3% by 2022. However, roaring inflation will slow each month to about 2% in 2024. According to Wednesday’s report, the nonpartisan Congressional Budget Office projected that real […]

Stock Groups

Federal Reserve Bank of Kansas City President Esther George to retire in January

Esther George, Jackson Hole Wyoming David A. Grogan | CNBC Federal Reserve Bank of Kansas City President Esther George is retiring in January. She has served 11 years at the U.S. central banks as one of their more hawkish policymakers. A search for her replacement began Wednesday, according to the Fed bank. Fed bank presidents […]

Stock Groups

House grills FDA commissioner, Abbott executive on baby formula shortage

[The stream is slated to start at 11 a.m. ET. Please refresh the page if you do not see a player above at that time.] House lawmakers will be able to ask Wednesday questions of the head of Food and Drug Administration and representatives from the infant formulation industry about the widespread shortage that left […]

Stock Groups

Restaurant traffic weakened in April, but there are some safe havens for investors

New data shows that restaurants experienced a minor slowdown in traffic during April due to rising inflation and talk about a possible recession within the coming year. The NPD group conducts market research and tracks consumer trends to determine how prices have changed. Restaurant meals were more expensive in April than they were in 2019 […]

Stock Groups

Mortgage demand slides further, even as interest rates pull back slightly

An advertisement for sale is placed in front of the home listed at $1,000,000 on April 29th, 2022 in San Francisco. Justin Sullivan | Getty Images The Mortgage Bankers Association reported that mortgage rates dropped for the second week straight, although it was not enough to drive demand for refinances or new purchase loans. The […]

Stock Groups

FTC launches investigation into infant formula shortage

Target Annapolis in Maryland is where a mother shops for baby food on May 16, 2022. The nationwide shortage of formula has been exacerbated by supply chain problems linked to the coronavirus pandemic. AFP | AFP | Getty Images On Tuesday, the Federal Trade Commission launched an investigation of infant formula producers to determine if […]

Stock Groups

CDC says monkeypox doesn’t spread easily by air: ‘This is not Covid’

The Centers for Disease Control and Prevention aims to reduce public fear about the transmission of the monkeypox disease. Officials from the CDC stated this week that Monkeypox can be spread through contact between skin and skin with an individual who is suffering from active rash. However, it can also spread by respiratory droplets. If […]

Stock Groups

Sales of newly built homes fall 16% in April as prices soar

According to U.S. Census, sales of new homes fell 16.6% from March and dropped 26.9% in April. According to seasonally adjusted data, the annualized rate stood at 591,000 units. Analysts expected 750,000. Also, March’s reading was revised down. This is the lowest sales rate since April 2020 when all was shut down. the Covid pandemic. […]

Stock Groups

Why 2022 has been a dangerous time to retire — and what to do about it

E+ | E+ | Getty Images For new retirees, it’s scary. This year, stocks have fallen sharply. Stocks have plunged this year. Bonds which are traditionally used as a buffer when stocks fall, also suffered. Seniors who depend on investments to provide their retirement income are concerned by both of these trends. High inflationRetirees will […]