Inflation rose for the second consecutive month in November, with the Consumer Price Index (CPI) showing a 2.7% annual increase—still above the Federal Reserve’s 2% target.
Read More Inflation Climbs To 2.7% Amid Rising Food And Gas Prices
Tag: consumers
Albertsons Scraps Merger, Files Lawsuit Against Kroger
A U.S. district judge in Oregon has blocked a $25 billion bid by supermarket giant Kroger to take over its rival Albertsons, ruling that the Federal Trade Commission’s concerns about the merger’s impact on market consolidation were valid.
Read More Albertsons Scraps Merger, Files Lawsuit Against Kroger
Uncertainty clouds holiday shopping season after mixed forecasts from Walmart, Target
Retailers are in for a mixed holiday season this year, marked by watchful consumers keeping big spending on a tight leash and vigilantly comparing prices on their mobile phones.
Read More Uncertainty clouds holiday shopping season after mixed forecasts from Walmart, Target
US consumers see lower inflation and debt delinquency risk, NY Fed survey shows
U.S. consumers in October, for the first time in five months, said they saw a lower risk of defaulting on their debt.
Read More US consumers see lower inflation and debt delinquency risk, NY Fed survey shows
Fed Cuts Interest Rates Again, Fed Chair Powell Says He Won’t Resign
The Federal Reserve lowered the federal funds rate for a second consecutive time on Thursday.
Read More Fed Cuts Interest Rates Again, Fed Chair Powell Says He Won’t Resign
Home Depot Billionaire And Philanthropist Bernie Marcus Dies At 95
The co-founder of Home Depot, Bernie Marcus, has died at the age of 95.
Read More Home Depot Billionaire And Philanthropist Bernie Marcus Dies At 95