The annual inflation rate slowed to 4 percent in May, down from 4.9 percent in April, according to the Bureau of Labor Statistics (BLS). This came in below the consensus estimate of 4.1 percent and represented the lowest level in two years. On a month-over-month basis, the consumer price index (CPI) rose just 0.1 percent,…
US Inflation Slows to Lowest Level in 2 Years as Food, Energy Prices Continue Downward Trend
US Inflation Slows to 2-Year Low as Energy Prices Continue Downward Trend
The annual inflation rate slowed to 4 percent in May, down from 4.9 percent in April, according to the Bureau of Labor Statistics (BLS). This came in below the consensus estimate of 4.1 percent and represented the lowest level since March 2021. On a month-over-month basis, the consumer price index (CPI) rose just 0.1 percent,…
Mark Cuban Says Companies Going ‘Woke’ Is ‘Good Business’
Billionaire businessman Mark Cuban, the owner of the Dallas Mavericks, has claimed that it is “good for business” for companies like Anheuser-Busch and Target to go “woke.” In an interview with the Pittsburgh Post-Gazette on June 11, the “Shark Tank” judge said that the majority of consumers want to do business with companies that “care…
[ATL:NOW 9:30AM ET] California’s Oppressive Policies Are Coming to a State Near You: Siyamak Khorrami
From crime to cost of living, education to energy policy, the golden state of California is becoming unlivable for middle-class residents. As a result, people are fleeing the state at alarming rates. “We didn’t have this 10 years ago. We didn’t have the theft. We didn’t have the homelessness. We didn’t have all these problems,”…
[Premiering NOW] California’s Oppressive Policies Are Coming to a State Near You: Siyamak Khorrami
From crime to cost of living, education to energy policy, the golden state of California is becoming unlivable for middle-class residents. As a result, people are fleeing the state at alarming rates. “We didn’t have this 10 years ago. We didn’t have the theft. We didn’t have the homelessness. We didn’t have all these problems,”…
US Household Concerns Over Credit Conditions, Finances Deteriorate as Inflation Anxieties Ease
Americans’ concerns regarding credit conditions and their own financial situations deteriorated in May, while anxieties over inflation in the coming months dropped to the lowest point since May 2021, new data published on June 12 show. According to the Federal Reserve Bank of New York’s May survey of consumer expectations, median inflation expectations among Americans declined by 0.3…
Dollar Sags Before Inflation Data, Yuan Weakens on Rate Cut
LONDON/SINGAPORE—The dollar fell slightly on Tuesday as investors awaited U.S. inflation data, while China’s yuan slipped to a six-month low after the central bank lowered a short-term lending rate to boost the economy. The euro was up 0.42 percent to $1.08 on Tuesday, after touching its highest since May 23 earlier in the session at…
Shares Get a Boost From Tech; Dollar Dithers Ahead of Inflation Data
LONDON—Global shares rose on Tuesday, taking their lead from an upbeat session on Wall Street ahead of key U.S. inflation data that could shape the outlook for Federal Reserve monetary policy. Consumer inflation on Tuesday and wholesale data on Wednesday could offer investors evidence of how successful the Fed has been in taming price pressures,…
New Twitter CEO Says Platform Will Be ‘World’s Most Accurate Real-Time Information Source’
Twitter’s new CEO Linda Yaccarino vowed on June 12 that the platform will become the “world’s most accurate real-time information source” and a “global town square for communication” as part of its expansion toward “Twitter 2.0.” Yaccarino, the former head of advertising at NBCUniversal, was named by Elon Musk as the new CEO of Twitter…
Queensland Government Tells Miners to Stop Complaining About Sky High Royalties
The government of the Australian state of Queensland has been called out by local mining companies via a pre-budget media campaign protesting the state’s sky-high royalty regime, telling them to “respect” struggling households. This comes after the Queensland Labor government introduced a three-tiered coal royalties system in July 2022 to capitalise on record coal prices…
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