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US Soaring Prices in Restaurants and Car Repairs Contribute to November Surge

Inflation in the United States remained virtually constant last month, owing to falling gas costs. However, underlying pricing pressures from apartment rents, restaurant meals, vehicle insurance, and a variety of other services remained persistently high.

Dec 13, 2023 5:08 AM EST


Deck the Halls without Breaking the Bank: 5 Tricks to Master Holiday Spending

It is easy to overspend and get bogged down in Christmas shopping, but worry not! Here are eight valuable recommendations to ensure you stick to your budget for the new year.

Dec 12, 2023 11:50 AM EST


Will Inflation Hold Steady? Treasury Yields Drop as Investors Anticipate Key Data Release

Ahead of the Federal Reserve's final meeting of the year, investors were waiting for important inflation statistics, which caused U.S. Treasury rates to drop on Tuesday.

Dec 12, 2023 10:54 AM EST


Fed Must Avoid Policy Errors of the 1970s, Warns Wall Street Veteran Milken

If past performance is any indication, renowned investor Michael Milken anticipates a cautious monetary policy stance from the Federal Reserve.

Dec 12, 2023 10:16 AM EST


Zara Facing Backlash for Ad Resembling Gaza Destruction

After some pro-Palestine activists called for a boycott of the fashion company, Zara removed an advertisement campaign on Monday off the first page of its website and app. The campaign featured sculptures shrouded in white and mannequins with missing limbs.

Dec 12, 2023 8:39 AM EST


Fed Leaves Rates Unchanged, Casting Doubt on Speculation of Early Cuts

With inflation approaching the Federal Reserve's 2% objective, officials are addressing - and in some cases, stoking - expectations that they would make a significant policy move and drop interest rates next year, maybe as early as April.

Dec 12, 2023 2:29 AM EST


Government's Onion Price Fix Raises Questions as Consumers Feel the Pinch

After India extended its export restriction on Friday, onion prices surged beyond Tk 200 per kg in the local market. The commerce ministry is striving to stabilize these prices.

Dec 11, 2023 9:50 AM EST


PGA Tour and Fenway Group Join Forces: More Collaborative Talks on the Horizon

In an effort to fulfill a deadline of December 31, the PGA Tour has limited the pool of possible investors to a new group headed by Fenway Sports Group and announced that it will carry on with talks with Saudi Arabia's national wealth fund.

Dec 11, 2023 9:17 AM EST


TikTok Shop Makes Triumphant Return to Indonesia After $1.5 Billion Investment

In order to revive its online retail operation in Indonesia, social networking app TikTok has partnered with GoTo, a major player in the country's technology sector.

Dec 11, 2023 6:40 AM EST


China Stocks Reverse Course After Slump Fueled by Deflation Concerns

After being driven down early in the day by data indicating ongoing deflationary pressures stemming from poor domestic demand, China's equities reversed direction and rose on Monday.

Dec 11, 2023 5:48 AM EST


Macy's Faces Potential Buyout as Investors See Opportunity

According to a source familiar with the situation on Sunday, an investment consortium led by Brigade Capital and Arkhouse Management has made a $5.8 billion bid to take department store operator Macy's private.

Dec 10, 2023 10:59 PM EST


How Businesses and Households Can Prepare for a Soft Landing or a Recession

Together with a plethora of other recent economic statistics, the strong hiring indicated in Friday's employment report for November is raising expectations that the U.S. economy will have a "soft landing" next year as opposed to the much-feared recession.

Dec 10, 2023 4:50 AM EST


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