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Tag: inflation

Signage for a job fair is seen on 5th Avenue after the release of the jobs report in Manhattan, New York City, U.S., September 3, 2021. REUTERS/Andrew Kelly/File Photo

US weekly jobless claims rise as labor market gradually slows

Ebbing labor market momentum, together with abating inflation pressures, keep the Federal Reserve on track to start cutting interest rates this year.

Read More US weekly jobless claims rise as labor market gradually slows
Former president of the French far-right Rassemblement National (RN) parliamentary group Marine Le Pen gives a speech during the results evening of the first round of the parliamentary elections in Henin-Beaumont, northern France, on June 30, 2024. A divided France is voting in high-stakes parliamentary elections that could see the anti-immigrant and eurosceptic party of Marine Le Pen sweep to power in a historic first. The candidates formally ended their frantic campaigns at midnight June 28, with political activity banned until the first round of voting. (Photo by FRANCOIS LO PRESTI / AFP) (Photo by FRANCOIS LO PRESTI/AFP via Getty Images)

French Conservatives Make Huge Gains In Historic French Election Results

France could soon see a right-wing party obtain power for the first time since World War II, with Marine Le Pen’s National Rally making huge gains in the first round of a high-stakes snap election on Sunday. 

Read More French Conservatives Make Huge Gains In Historic French Election Results
GLENSIDE, PA - SEPTEMBER 7: Pharmacist Howard Brooker(C) and his wife Pam Harvey (R) fill a prescription at Adams Discount Pharmacy September 7, 2006 in Glenside, Pennsylvania. Adams offers generic drugs for forty to seventy five percent cheaper than the brand name manufacturer's cost. They are able to charge low prices by not dealing with insurance companies. (Photo by William Thomas Cain/Getty Images)

Prescription Drug Prices Have Increased Almost 40% Over Past Decade

A new study shows the cost of prescription drugs in the U.S. has increased nearly 40% over the past 10 years, surpassing the rate of inflation during the same time span. 

Read More Prescription Drug Prices Have Increased Almost 40% Over Past Decade
A man arranges produce at Best World Supermarket in the Mount Pleasant neighborhood of Washington, D.C., U.S., August 19, 2022. REUTERS/Sarah Silbiger/File Photo

US inflation ebbs in May as goods prices fall

U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months.

Read More US inflation ebbs in May as goods prices fall
A woman shops in a supermarket in Los Angeles, California, U.S., June 13, 2022. REUTERS/Lucy Nicholson/File Photo

US consumer confidence retreats slightly; house prices remain elevated

The mixed survey also showed consumers’ perceived likelihood of a recession over the next 12 months retreated this month.

Read More US consumer confidence retreats slightly; house prices remain elevated
MIAMI - AUGUST 10: A For Sale sign is displayed in front of a home August 10, 2007 in Miami, Florida. (Photo by Joe Raedle/Getty Images)

Home Sales Drop For Third Straight Month, Prices Hit Record High

For the third straight month, sales of previously occupied U.S. homes fell in May as increasing mortgage rates and record-high prices discourage many potential homebuyers during what’s typically the housing market’s busiest period of the year. 

Read More Home Sales Drop For Third Straight Month, Prices Hit Record High

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