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Biden's new take on inflation: Trump would be worse: Biden's team knows there's not a lot it can do to lower it before the Nov. 5 election.
axios.com/2024/04/13/biden-trump-inflation-worse-tariffs
Biden's new take on inflation: Trump would be worse
Quick Glance: Biden's New Perspective on Inflation: Trump Would Be Worse
  • The White House warns that inflation would worsen if Trump is re-elected as a strategy to sway voters.

  • March's inflation increase surpassed expectations, undermining Biden's claim of lowering prices.

  • Rising oil prices due to geopolitical tensions could lead to higher gas prices, a concern for the White House.

  • Biden emphasizes fighting inflation as top priority while experts debate the impact of his economic stimulus packages.
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The Forever Stamp is forever rising in price. How does the U.S. cost compare globally?
npr.org/2024/04/12/1244273973/forever-stamp-cost-price-going-up-usps-postage
The Forever Stamp is forever rising in price. How does the U.S ...
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California restaurant will up wages to compete with $20 fast-food pay: "Why wash dishes for $15 or $17 if I can go get $20 flipping burgers at McDonald's ...
businessinsider.com/california-fast-food-20-minimum-wage-restaurant-raise-pay-compete-2024-4
California restaurant will up wages to compete with $20 fast-food pay
Quick Glance: California eateries adjust wages to meet competition with $20 fast-food pay
  • A restaurant owner in California plans to raise wages to compete with the $20 per hour pay for fast-food workers.

  • Legislation is expected to drive up wages in various sectors as they strive to attract and retain employees.

  • The increased minimum wages worsen the existing challenges faced by independent restaurants in California.

  • Implementing price changes, cost-cutting strategies, and reduced operating hours could be potential measures to streamline operations.
Profile picture of The Hill (newspaper)
Mortgage rates hit highest level since November after hot inflation report: Mortgage rates jumped to their highest reading since November as the timeline for ...
thehill.com/business/housing/4585910-mortgage-rates-hit-highest-level-since-november-after-hot-inflation-report/
Mortgage rates hit highest level since November after hot inflation report
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Business defaults soar as Australian house prices outpace the globe: Australian house prices are out-performing most of the world, even after inflation ...
smh.com.au/politics/federal/business-defaults-soar-as-australian-house-prices-outpace-the-globe-20240416-p5fk42.html
Business defaults soar as Australian house prices outpace the globe
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Wall St Week Ahead Surging US energy shares reflect robust growth, inflation worries
reuters.com/markets/us/wall-st-week-ahead-surging-us-energy-shares-reflect-robust-growth-inflation-2024-04-12/
Wall St Week Ahead Surging US energy shares reflect robust growth ...
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How California fast food restaurants raised menu prices in response to $20 minimum wage
nypost.com/2024/04/16/business/california-fast-food-restaurants-raised-prices-due-to-minimum-wage/
How California fast food restaurants raised menu prices in response to $20 ...
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Hot inflation may put Fed rate cut in thick of election season: Hot U.S. inflation data has put the Federal Reserve's debate over a first interest rate cut on a ...
reuters.com/world/us/hot-inflation-may-put-fed-rate-cut-thick-election-season-2024-04-11/
Hot inflation may put Fed rate cut in thick of election season
Profile picture of The Hill (newspaper)
JPMorgan CEO warns interest rates could rise to 8 percent ‘or even more’: JPMorgan Chase CEO Jamie Dimon warned that interest rates could rise to 8 percent or ...
thehill.com/business/4585341-jpmorgan-ceo-dimon-warns-interest-rates-8-percent/
JPMorgan CEO warns interest rates could rise to 8 percent ‘or even more’
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Ringgit opens higher despite greenback strength: KUALA LUMPUR: The ringgit opened higher against the US dollar today although the greenback’s appeal as a ...
thestar.com.my/business/business-news/2024/04/17/ringgit-opens-higher-despite-greenback-strength
Ringgit opens higher despite greenback strength
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How Trump’s tariff plans could kill jobs and worsen inflation: Tariff Man could be back in the White House next year – and he’s promising the sequel will be even ...
cnn.com/2024/04/11/economy/trump-tariffs-trade-jobs-inflation/
How Trump’s tariff plans could kill jobs and worsen inflation
Profile picture of Axios (website)
Wall Street traders keep underestimating America’s economic strength: It's the exact opposite of what happened in the 2010s
axios.com/2024/04/14/stock-market-bonds-interest-rates-us-economy
Wall Street traders keep underestimating America’s economic strength
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Gold slips from record levels after hot US inflation data: Gold prices slipped from record-high levels on Wednesday as the U.S. dollar and Treasury yields firmed ...
reuters.com/markets/commodities/gold-near-record-high-inflation-risk-lifts-safe-haven-appeal-2024-04-10/
Gold slips from record levels after hot US inflation data
Profile picture of Newsroom (website)
Reserve Bank set to update interest rate outlook as oil prices spike: Business & Investing: The price of a barrel of oil surged above US$90 a barrel for the ...
newsroom.co.nz/2024/04/08/reserve-bank-set-to-update-interest-rate-outlook-as-oil-prices-spike/
Reserve Bank set to update interest rate outlook as oil prices spike
Profile picture of Fox Business
Biden claims inflation was 'skyrocketing' when he took office, despite data showing opposite
foxbusiness.com/politics/biden-claims-inflation-skyrocketing-took-office-despite-data-showing-opposite
Biden claims inflation was 'skyrocketing' when he took office ...
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Focus: Soaring insurance costs hit as US buyers finally get a break on car prices
reuters.com/markets/us/soaring-insurance-costs-hit-us-buyers-finally-get-break-car-prices-2024-04-11/
Focus: Soaring insurance costs hit as US buyers finally get a break on car ...
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Why gold prices are at record highs: From central banks to Costco customers, it seems everyone is buying gold these days.
cnn.com/2024/04/09/economy/gold-prices-record-highs/
Why gold prices are at record highs
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Five things to know as the tax deadline looms: April 15th, the deadline to file your income taxes, is just around the corner. Filings so far this year are on ...
npr.org/2024/04/11/1242535266/taxes-irs-filing-money
Five things to know as the tax deadline looms
Profile picture of The Hill (newspaper)
How immigration is helping the economy defy expectations: Policymakers are increasingly pointing to an immigration influx and a bolstered U.S ...
thehill.com/homenews/4581122-how-immigration-is-helping-the-economy-defy-expectations/
How immigration is helping the economy defy expectations
Profile picture of The Hill (newspaper)
Mulvaney: How Biden’s regulations are driving up inflation: Every time Biden’s administration adds another regulation making it harder or more expensive ...
thehill.com/opinion/4571477-mulvaney-how-bidens-regulations-are-driving-up-inflation/
Mulvaney: How Biden’s regulations are driving up inflation
Profile picture of New York Post
Billionaire In-N-Out heiress Lynsi Snyder claims she went 'toe-to-toe' to keep prices down as Calif. fast food industry, prices slammed by minimum wage hike
nypost.com/2024/04/11/business/in-n-out-president-lynsi-snyder-went-toe-to-toe-to-keep-menu-prices-down/
Billionaire In-N-Out heiress Lynsi Snyder claims she went 'toe-to-toe' to ...
Profile picture of NPR
Five things to know as the tax deadline looms: April 15th, the deadline to file your income taxes, is just around the corner. Filings so far this year are on ...
npr.org/2024/04/11/1242535266/taxes-irs-filing-money
Five things to know as the tax deadline looms
Quick Glance: Gender Pay Gap in UK Supermarkets and Income Impact
  • UK supermarkets are closing gender pay gap, with Morrisons experiencing a rise.

  • Ocado and Lidl show the most improvements, while Morrisons has the largest gap.

  • Hourly pay differences are reported by government service.

  • Equality initiatives and workplace improvements at M&S and Co-op.
Profile picture of Notes From Poland
Levi Strauss closes factory in Poland after over three decades: The company and city have announced support for the 650 people who will lose their jobs.
notesfrompoland.com/2024/04/05/levi-strauss-closes-factory-in-poland-after-over-three-decades/
Levi Strauss closes factory in Poland after over three decades
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How migrant workers have contributed to strong U.S. job growth: It turns out that the influx of foreign-born adults vastly raised the supply of available workers ...
pbs.org/newshour/economy/how-migrant-workers-have-contributed-to-strong-u-s-job-growth
How migrant workers have contributed to strong U.S. job growth
Profile picture of Insider (news website)
Dollar Tree's plan for $7 items is making shoppers angry: Dollar Tree's plan to add items up to $7 is pushing customers to other retailers, such as Walmart.
businessinsider.com/dollar-tree-shoppers-angry-dollar-store-raises-prices-2024-4
Dollar Tree's plan for $7 items is making shoppers angry
Profile picture of USA Today
Inflation is still bad. It's both Trump and Biden's fault. Who will fix it?: Inflation is still high. Trump's stimulus created it. Now Biden won't admit his plan ...
usatoday.com/story/opinion/columnist/2024/04/10/inflation-biden-economy-americans-spending-income-wages/73275197007/
Inflation is still bad. It's both Trump and Biden's fault ...
Profile picture of New York Post
Olive Garden is too expensive if you're making less than $75K: Even the Olive Garden is becoming increasingly too expensive for many Americans.
nypost.com/2024/04/03/business/olive-garden-is-too-expensive-if-youre-making-less-than-75k/
Olive Garden is too expensive if you're making less than $75K
Quick Glance: Olive Garden Too Pricey for Incomes Under $75K
  • Olive Garden is becoming increasingly out of reach for many Americans, especially those with lower incomes.

  • Last year, Olive Garden stopped offering free pasta refills due to high inflation levels.

  • Darden, Olive Garden's parent company, kept price increases below inflation but discontinued popular promotions like free pasta refills.

  • The company operates over 2,000 restaurants, including Olive Garden, Longhorn Steakhouse, Cheddar’s Scratch Kitchen, and Capital Grille.
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How immigrants are helping boost the U.S. job market without affecting inflation: Blockbuster jobs growth continues to power the U.S. economy, with the BLS ...
nbcnews.com/business/economy/immigrants-are-helping-us-job-market-grow-without-affecting-inflation-rcna146570
How immigrants are helping boost the U.S. job market without affecting ...
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Dow tumbles 475 points, S&P 500 suffers worst day since January as inflation woes erupt
cnbc.com/2024/04/11/stock-market-today-live-updates.html
Dow tumbles 475 points, S&P 500 suffers worst day since January as ...
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I saved $1,700 eating leftover food from NYC's top restaurants — here's the gourmet haul I got for mere dollars
nypost.com/2024/04/12/lifestyle/i-saved-1700-eating-leftover-food-from-nycs-top-restaurants-what-i-got/
I saved $1,700 eating leftover food from NYC's top restaurants — here's ...
Profile picture of Insider (news website)
Interest rate 2024 outlook: More experts see no rate cuts as economy strong: Investors are finally waking up to the idea that the interest-rate cuts seen as a ...
businessinsider.com/interest-rate-2024-outlook-us-economy-fed-cuts-powell-jobs-2024-4
Interest rate 2024 outlook: More experts see no rate cuts as economy ...
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Why some people feel good about their bank accounts but bad about the economy: There’s a growing disconnect between economic sentiment and economic data in the ...
cnn.com/2024/04/07/economy/us-economy-personal-finance/
Why some people feel good about their bank accounts but bad about the ...
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Biden's bad news on inflation: Inflation is rearing its ugly head again and it's a nightmare for Biden on several fronts.
axios.com/2024/04/10/cpi-inflation-report-biden-march
Biden's bad news on inflation
Profile picture of Axios (website)
Soaring prices pose threat to consumers, and Biden: Crude's flirtation with levels above $90 are both a political and economic challenge.
axios.com/2024/04/12/crude-prices-inflation-gas
Soaring prices pose threat to consumers, and Biden
Profile picture of The Hill (newspaper)
Fed officials consider leaving rates higher for longer: Following higher than expected inflation and labor market readings in January and February on the tail ...
thehill.com/business/4572776-fed-officials-consider-leaving-rates-higher-for-longer/
Fed officials consider leaving rates higher for longer
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U.S. consumer sentiment falls slightly as outlook for inflation worsens: Consumer sentiment about the U.S. economy has ticked down but remains near a recent high ...
nbcnews.com/business/economy/us-consumer-sentiment-falls-slightly-outlook-inflation-worsens-rcna147638
U.S. consumer sentiment falls slightly as outlook for inflation worsens
Profile picture of ABC News
Average long-term US mortgage rate rises modestly this week, holding just below 7%
abcnews.go.com/Business/wireStory/average-long-term-us-mortgage-rate-rises-modestly-108855060
Average long-term US mortgage rate rises modestly this week ...
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When will Fed cut rates? As US economy flexes its muscles, maybe later or not at all
abcnews.go.com/Business/wireStory/fed-cut-rates-us-economy-flexes-muscles-108939344
When will Fed cut rates? As US economy flexes its muscles ...
Quick Glance: Fed Rates: US Economy Strong, Rate Cuts Uncertain
  • Following the Federal Reserve's decision to halt rate hikes, debates arise on the necessity of rate cuts.

  • Strong economic performance and unexpected growth may challenge the Fed's planned rate reductions.

  • Experts are divided on whether the US economy actually requires rate cuts as employment figures and production increase.

  • High inflation and economic uncertainty spark discussions on the need for rate cuts.
Profile picture of Fox Business
Federal Reserve slashing rates ahead of Election Day would likely just superficially boost US wallets: experts
foxbusiness.com/economy/federal-reserve-slashing-interest-rates-ahead-of-election-day
Federal Reserve slashing rates ahead of Election Day would likely just ...
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Fed's 'confidence' in disinflation not bolstered by recent data, minutes show: Even before U.S. inflation data on Wednesday came in hotter than expected ...
reuters.com/markets/us/feds-confidence-disinflation-not-helped-by-recent-data-minutes-show-2024-04-10/
Fed's 'confidence' in disinflation not bolstered by recent data ...
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Blockbuster jobs report flexes economic strength, defying Americans' lukewarm attitudes
abcnews.go.com/Business/blockbuster-jobs-report-flexes-economic-strength-defying-americans/story
Blockbuster jobs report flexes economic strength, defying Americans' ...
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Spotify is changing how it charges customers, with new plans and prices: It will increase prices by about US$1 to US$2 (S$1.35 to S$2.70) a month in five markets ...
straitstimes.com/business/companies-markets/spotify-is-changing-how-it-charges-customers-with-new-plans-and-prices
Spotify is changing how it charges customers, with new plans and prices
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Bank of England inflation review: Bernanke finds ‘significant shortcomings’: Former US Federal Reserve chairman says system is in need of serious reform
thetimes.co.uk/article/bank-of-england-news-inflation-forecast-ben-bernanke-interest-rates-ll85jzkpv
Bank of England inflation review: Bernanke finds ‘significant ...
Quick Glance: Improve: Bernanke Critiques Bank of England's Handling of Inflation Crisis
  • The Bank of England has deteriorated in economic forecasting, with faulty models and outdated systems. Communication with the public needs enhancement.

  • Ben Bernanke's report includes 12 detailed recommendations, which Andrew Bailey, the Bank's governor, intends to act upon. Bernanke emphasizes the Bank's potential for significant improvement.

  • Bernanke criticizes the Bank's use of fan charts, suggesting they lack useful information and should be replaced with more transparent communication methods. He highlights the need for clearer decision-making reasoning.

  • Despite recommendations, Bernanke avoided speculating on past actions, indicating room for substantial improvement within the Bank's processes. The report conveys a clear message: the Bank could have performed much better.
Profile picture of Insider (news website)
Why JPMorgan bosses are skeptical of an M&A comeback: JPMorgan's Jamie Dimon pointed to factors including inflation and geopolitical tensions as representing red ...
businessinsider.com/jpmorgan-bosses-are-skeptical-mergers-deals-comeback-2024-4
Why JPMorgan bosses are skeptical of an M&A comeback
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Veterans Are Refinancing Their Homes: Amid elevated mortgage rates, Veterans Affairs-related refinancing helped spark an increase in home loan applications.
newsweek.com/veterans-are-refinancing-their-homes-1889528
Veterans Are Refinancing Their Homes
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Stock Market Today: Dow, S&P Live Updates for April 11 - Bloomberg: Stocks in Asia are primed for early declines after higher-than-expected US inflation data ...
bloomberg.com/news/articles/2024-04-10/stock-market-today-dow-s-p-live-updates
Stock Market Today: Dow, S&P Live Updates for April 11 - Bloomberg
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S&P 500 Index (SPX) Sees Worst Week Since October Amid Geopolitical Tensions: Just weeks ago, it all felt so easy. Jerome Powell was poised to kick off the great ...
bloomberg.com/news/articles/2024-04-12/risk-addicted-wall-street-funds-are-shaken-as-bad-news-piles-up
S&P 500 Index (SPX) Sees Worst Week Since October Amid Geopolitical ...
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Fed’s Jeffrey Schmid Rejects Preemptive Rate Cuts, Favors ‘Patient’ Approach: A slew of Federal Reserve officials emphasized Friday that there is no urgency to ...
bloomberg.com/news/articles/2024-04-12/fed-s-schmid-rejects-preemptive-cuts-amid-lingering-inflation
Fed’s Jeffrey Schmid Rejects Preemptive Rate Cuts, Favors ‘Patient’ ...
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JPMorgan opens earnings season with profit rise and risk warning: JPMorgan reports a 6% rise in 1Q profits as bank earnings season begins. Wells Fargo profit ...
euronews.com/business/2024/04/12/jpmorgan-opens-earnings-season-with-profit-rise-and-risk-warning
JPMorgan opens earnings season with profit rise and risk warning
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Pimco Sees Fed Raising Rates Again If US Inflation Reignites: Pacific Investment Management Co. warned that the Federal Reserve could pivot back toward interest ...
bloomberg.com/news/articles/2024-04-12/pimco-sees-additional-fed-rate-hike-if-us-inflation-moves-higher
Pimco Sees Fed Raising Rates Again If US Inflation Reignites
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EA Play receives price hike, now starting at $39.99 a year: EA Play subscribers should soon begin receiving emails informing them of a moderate monthly and ...
techspot.com/news/102579-ea-play-receives-price-hike-now-starting-3999.html
EA Play receives price hike, now starting at $39.99 a year
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Inside the fall of the iconic L.A. chain 99 Cents Only: The deep-discount retailer started in L.A. in 1982 and grew to 371 stores. Now all are closing ...
latimes.com/business/story/2024-04-10/99-cents-only-what-went-wrong
Inside the fall of the iconic L.A. chain 99 Cents Only
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Cheap Auto Insurance Is a Thing of the Past. Here Are Five Reasons Why: The cost of auto insurance in the US rose more than 22% in the 12 months that ended in ...
bloomberg.com/news/articles/2024-04-12/cheap-auto-insurance-is-a-thing-of-the-past-here-are-5-reasons
Cheap Auto Insurance Is a Thing of the Past. Here Are Five Reasons Why
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US Producer Prices Rise 2.1% From Year Ago, Most in 11 Months: US producer prices increased in March from a year earlier by the most in 11 months ...
bloomberg.com/news/articles/2024-04-11/us-producer-prices-rise-2-1-from-year-ago-most-in-11-months
US Producer Prices Rise 2.1% From Year Ago, Most in 11 Months
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Fed’s Williams sees inflation falling ‘closer’ to 2% target by next year: If economy performs as expected, rate cuts can start this year, New York Fed president ...
marketwatch.com/story/feds-williams-sees-inflation-falling-to-2-despite-recent-bumps-3eb11a41
Fed’s Williams sees inflation falling ‘closer’ to 2% target by next year
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Boston Fed president Susan Collins still sees rate cuts this year: But the central bank may begin lowering borrowing costs later and make fewer cuts than Wall ...
bostonglobe.com/2024/04/11/business/federal-reserve-rate-cut-forecast/
Boston Fed president Susan Collins still sees rate cuts this year
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Fed’s Main Inflation Gauge to ‘Calm Some Nerves’ After CPI: The Federal Reserve’s preferred inflation gauge is set to come in softer than another report this ...
dailymaverick.co.za/article/2024-04-11-feds-main-inflation-gauge-to-calm-some-nerves-after-cpi/
Fed’s Main Inflation Gauge to ‘Calm Some Nerves’ After CPI
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Money blog: What makes up the cost of a £6 pint - and how much is profit?: The cost of draught lager has gone up nearly 30% since January 2019 ...
news.sky.com/story/money-latest-national-insurance-cut-calculator-pay-blog-sky-news-live-13040934
Money blog: What makes up the cost of a £6 pint - and how much is profit?