Inflation News & Breaking Stories

"Stock futures slip ahead of economic data, but Wall Street hopes for rate cuts. U.S. markets back to 12-month highs."

New York Jewish Week reports on Museum of Jewish Heritage's first-ever event dedicated to an American Girl doll, Rebecca Rubin.

Get the latest on mortgage rates and find out how to save money on your mortgage in the long run.

Argentina's Peronist economy minister, Sergio Massa, unexpectedly won the first round of the 2023 presidential election, facing a polarizing run-off.

Right-wing populist Javier Milei wins fiercely polarized election in Argentina, promising a dramatic shake-up to the state. Voters demand change.

Investors lose hope in Fed, jobless claims rise, Starbucks employees strike on Red Cup Day. Labor market cooling, unionization efforts growing.

Bitcoin price falls after US CPI data, but support at $36,000 could launch gains above $38,000 and $40,000, making it bullish.

UK leader Rishi Sunak appoints David Cameron as foreign secretary in a bid to reset his faltering government.

2024 tax brackets adjusted for inflation, meaning many could see a lower tax bill next year. Here's what you need to know.

Walt Disney Co (DIS) has experienced a -1.76% drop in the last session. The company's revenue is expected to grow.

Global equities rise and Treasury yields rebound as hopes of interest rate cuts fade, but uncertainty remains over growth and inflation.

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Representative Mike Johnson becomes Speaker of the House, emphasizing his Christian faith and commitment to American values.

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Bitcoin surges as speculation grows about the approval of a bitcoin exchange-traded fund in the United States.

Tesla's stock drops after disappointing Q3 earnings, but temporary factors are impacting its bottom line. However, its dominant position and competitive advantages could lead to higher stock prices in the future.

President participates in tour of Tioga Marine Terminal in Philadelphia,PA and discusses Bidenomics agenda creating union jobs and clean energy future.

Social Security beneficiaries will receive a 3.2% increase in benefits next year, but won't know the exact amount until December.

Israel vows to maintain its siege on Gaza until hostages are released, causing a growing humanitarian crisis in the region.

Social Security recipients may receive a significantly lower cost-of-living adjustment for 2024, with estimates around 3.2%. This increase may not be enough to sustain the cost of living for most beneficiaries. Medicare Part B premiums are also expected to increase. The official adjustment will be announced on Thursday.

2023 saw the highest Social Security increase since 1981, but 2024's adjustment is expected to be lower due to inflation control measures. Stay updated for accurate benefit amounts.

Former friend turned Republican rival Chris Christie compared Donald Trump to Donald Duck for "ducking" the GOP debate. Christie accused Trump of being afraid to defend his record.

Wall Street experienced a sharp decline as U.S. interest rates are expected to remain high, causing stocks to fall worldwide.

Inflation is expected to be lower in the coming months, but elevated gasoline prices and labor movements could put upward pressure on prices.

Instacart's stock opened at $42 a share, 40% higher than anticipated, with a market valuation of roughly $13.9 billion.

Wall Street indexes gain as data suggests the Federal Reserve may keep interest rates unchanged in September.

Shell's CEO in Argentina, Ricardo Rodriguez, stated at an oil conference that macroeconomic pressures are discouraging the company from investing more in Vaca Muerta.

Cars and junk food drive the S&P 500 index up as Raytheon faces unexpected costs. Tesla and Hostess see significant gains.

Republican presidential candidate Doug Burgum was seen on crutches before the debate, raising questions about his participation.

"Abortion ranks low in importance for GOP primary voters, with fewer than half supporting a national ban, according to a CBS News poll."

Evergrande's bankruptcy raises concerns of contagion in the Chinese economy, impacting the Australian dollar and global markets.

Inflation has led to an increase in mortgage rates, with the Federal Reserve raising its federal funds rate. Experts predict rates will remain high.

Hillary Clinton laughs at news of indictment against former campaign opponent, frames interview as "getting the last laugh."

UPS warns of lower profits due to pay increases for US workers, with average full-time driver salaries set to rise to $170,000 annually.

Global shares and the dollar rise after US consumer price inflation moderates, boosting hopes of the Fed's rate-hiking cycle nearing its end.

Financial markets rally as US Consumer Price Index (CPI) matches estimates, increasing expectations of a Fed rate pause.

WeWork's potential failure poses a significant threat to the US commercial real estate sector, with experts warning of a "systematic shock."

Canadian Prime Minister Justin Trudeau and his wife, Sophie Gregoire Trudeau, are separating after 18 years of marriage.

US gas prices are continuing to rise, with the average price in Fresno increasing from $4.69 to $4.84 in just over a week. The national average is $3.82 per gallon. The rising prices are unusual given that fewer people are fueling up their cars this summer compared to previous years. The increase in gas prices is due to a combination of factors including record temperatures, which have caused refineries to operate below capacity, and production cuts by major oil-producing countries.

Nigerian Exchange Limited (NGX) closed July 2023 with a 5.5% growth, the best return since 2017, outperforming other African exchanges.

Canadian Prime Minister Justin Trudeau and his wife, Sophie Gregoire Trudeau, have announced their separation after 18 years of marriage. The couple made the decision after "meaningful and difficult conversations" and have signed a legal separation agreement. They have three children together and have requested privacy. Trudeau is the second Canadian prime minister to announce a separation while in office.

SoFi Technologies may benefit from easing inflation and is gaining favor among investors. It aims to disrupt traditional banking and appeals to a younger demographic. Despite some analysts' pessimism, the unique fintech firm has potential for a longer-term rally.

SoFi Technologies, a fintech firm aiming to disrupt traditional banking, may see a longer-term rally as inflation eases.

ECB expected to raise rates as Fed raises interest rates.

Dollar falls as Fed raises rates, leaving room for more hikes.

Wall Street sees gains, but mixed results from Netflix and Tesla.

Experts predict mortgage interest rates will drop in late 2023.

Wall Street's winning week continues as inflation eases on economy.

Indian shares hit record highs as US inflation moderation boosts sentiment.

U.S. stocks rise as inflation eases, tech sector leads gains.