U.S. Consumer Confidence Slips as Inflation and Gas Prices Weigh on Households
U.S. consumer confidence weakened slightly in May as Americans grew more worried about inflation, especially price pressures linked to the war with Iran and higher energy costs. Seemingly, the Conference Board’s consumer confidence index slipped to 93.1 in May, down from an upwardly revised 93.8 in April. Economists had expected a deeper drop to 92.0, […]
Texas Barbecue Icons Fight to Survive as Beef Prices Turn Brisket Into a Luxury
Texas barbecue, one of the state’s most famous culinary traditions, is facing a serious economic crisis as meat prices surge and restaurant owners struggle to keep their doors open. Rising beef costs, especially for brisket, have forced some beloved barbecue spots to close and left even highly rated restaurants operating in “survival mode.” Brisket, long […]
JPMorgan Warns U.S. Economy May Lose Its “Goldilocks” Moment as Oil Fuels Inflation
JPMorgan economists are warning that the U.S. and global economy may be moving away from the best-case “Goldilocks” scenario investors had hoped for in 2026. That scenario — where inflation cools while growth remains strong — now looks increasingly unlikely. The bank says the Iran war and the related surge in oil prices are likely […]
China, inflation could pop Japan PM’s bubble
Charming Donald Trump one week, angering China the next, Japan’s Prime Minister Sanae Takaichi has had a busy start and is riding high in the polls, all on a few hours of sleep a night. But the honeymoon may end soon for the Margaret Thatcher-admiring premier, if the current spat with China escalates further and […]
Return to bad days of hyperinflation looms in Venezuela
Venezuelans are grappling with political and economic chaos, a mass population exodus and fears of a US military attack. Now, their wallets are ever thinner as a return to hyperinflation looms. Increasingly, people live hand to mouth, buying a tomato here, a few onions there as they manage to scrape together enough bolivars for just […]
US Fed’s favored inflation gauge cools in September
Apple reported revenues Thursday that narrowly surpassed analyst expectations, sending shares lower in after-hours trading even as the company enjoyed a boost from iPhone sales. The tech giant saw quarterly revenue of $94.9 billion in the three months ending September 28, up from the same period last year, in a closely watched report as investors […]
Inflation Dips to 4%, Lowest Level in Two Years
Consumer prices rose 0.1% in May, their lowest annual pace of increase in two years as lower energy contributed to the easing, the Labor Department reported on Tuesday. Year over year, the rate of inflation dipped to 4% from 4.9% in April. Excluding often volatile food and energy costs, the core CPI rose 0.4%, or […]
