April’s inflation surge wasn’t as drastic as it looked, but the real test is still ahead
A woman wears a face mask while shopping for a baby shower gift during the Covid-19 pandemic, at Madison’s Niche boutique in Huntington, New York on April 21, 2021. Alejandra Villa Loarca | Newsday | Getty Images There is probably...
Investors are worried about inflation data, but economists see it as a sign of temporary growth
A Walmart worker organizes products for Christmas season at a Walmart store in Teterboro, New Jersey. Eduardo Munoz | Reuters A little inflation might not be such a bad thing, after all. With the Labor Department’s inflation report Wednesday spooking...
Household debt climbs to $14.64 trillion, due to jump in mortgages and car loans
Akapong Osotsil / EyeEm | EyeEm | Getty Images Consumer debt edged higher during the first three months of 2021, due primarily to a jump in mortgages and auto loans, the Federal Reserve reported Wednesday. Total household debt balances rose...
Thomas Peterffy says he’s worried inflation in U.S. could become an ‘unstoppable situation’
Wall Street pioneer Thomas Peterffy told CNBC on Wednesday he was concerned about the prospect of damaging inflation in the U.S., leaning on his personal experiences as a youth in Hungary after World War II. The billionaire Interactive Brokers founder...
Inflation spooks stocks and raises fear the Fed is wrong that the price spike is temporary
Traders look on as a screen shows Federal Reserve Chairman Jerome Powell’s news conference after the U.S. Federal Reserve interest rates announcement on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 31, 2019. Brendan...
Inflation speeds up in April as consumer prices leap 4.2%, fastest since 2008
Inflation in April accelerated at its fastest pace in more than 12 years as the U.S. economic recovery kicked into gear and energy prices jumped higher, the Labor Department reported Wednesday. The Consumer Price Index, which measures a basket of...
Inflation speeds up in April as consumer prices leap 4.2%, fastest since 2008
Inflation in April accelerated at its fastest pace in more than 12 years as the U.S. economic recovery kicked into gear and energy prices jumped higher, the Labor Department reported Wednesday. The Consumer Price Index, which measures a basket of...
Weekly mortgage refinance demand jumps on brief drop in rates
Real estate agents leave a home for sale during a broker open house in San Francisco, California. Justin Sullivan | Getty Images A brief drop in mortgage interest rates sent some borrowers rushing to their lenders to see if they...
Dow futures slip more than 100 points, after its worst day since February
U.S. stock futures declined in early trading Wednesday following the Dow’s worst day since February as investors dumped tech shares again. Dow futures fell more than 111 points while S&P 500 futures traded 0.4% lower and Nasdaq 100 futures lost...
As the U.S. economy restarts from the pandemic, parts of it are severely broken
A customer wearing a protective mask loads lumber at a Home Depot store in Pleasanton, California, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images The U.S. economy is trying to restart its engine after tumbling into its...
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