According to the latest CPI data published by United States Bureau of Labor Statistics, the surge in consumer prices was propelled by various factors. The shelter index, for instance, continued its upward trend, effectively offsetting a decline in...
Data released by the Labor Department show that CPI for September increased higher than expected, with several prices up from August.
According to figures published by the Labor Department, the prices of goods and services increased quicker than expected in September....
Concerns about higher interest rates can lead to reduced borrowing, higher financing costs, and a potential slowdown in economic activity.
On Tuesday, September 27, the US stocks experienced a significant dip as bond yields inched up and consumer...
The announcement of high United States consumer debt comes as the debate for the national debt ceiling raises concerns over high inflation.
The New York Federal Reserve reported on Monday that the total consumer debt hit a new ATH...
Despite the success of Kenvue’s IPO, Johnson & Johnson remains under allegations that some of its talc products are cancerous.
Kenvue, the consumer-health spinoff announced by Johnson & Johnson (NYSE: JNJ) last year, has become the largest US IPO...
Alibaba saw a decline in the value of transactions on the online shopping platforms during the fiscal Q3.
Chinese e-commerce company Alibaba Group (NYSE: BABA) crushed expectations in its fiscal Q3, which ended on December 31. The company recorded...
The incoming CPI report is less likely to affect the Federal reserve’s meeting, but it may indicate a longer-term trajectory for interest rates. Prices of goods and services continue to surge even though economists expected that...
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The U.S. Consumer Price Index (CPI) hit a new four-decade high in November at 6.8% confirming what market pundits have been calling all along. The Asian and European markets recorded a slump in the early morning prior to...
