Inflation hovers over shoppers seeking deals on Black Friday

apnews.com/article/inflation-new-york-economy-business-e5c8e1bfd89c5eb7da7bd48ebd33d076

Nov 25 22

Inflation hovers over shoppers seeking deals on Black Friday: NEW YORK (AP) — Cautious shoppers hunted for the best deals at stores and online as retailers ...

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47

The Globe and Mail

theglobeandmail.com/business/international-business/us-business/article-inflation-weighs-on-us-shoppers-as-they-look-for-deals-on-black-friday/

Nov 26 22

Inflation weighs on U.S. shoppers as they look for deals on Black Friday : Elevated prices have taken a toll on shoppers. As a result, many are reluctant to ...

Paid articlePaid

0

2

San Antonio Express-News

expressnews.com/business/local/article/Black-Friday-Texas-San-Antonio-17610812.php

Nov 25 22

Shoppers out early in San Antonio in search of Black Friday deals: Consumers are ready to spend but weighed down by inflation, retail experts say. They’re...

Paid articlePaid

0

Financial Times

ft.com/content/1cf176bf-2d15-4d38-b46a-27a5260c1f0c

Nov 25 22

Black Friday shoppers find deals as US retailers clear inventories: Toys and electronics marked down at start of holiday season with consumers pinched by ...

0

Apr 17

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/

49

18h

US deficit poses ‘significant risks’ to global economy, warns IMF: Fund also cites concerns over fiscal ‘imbalances’ in UK, China and Italy

ft.com/content/0d098011-0ff5-4125-8cbb-5a5b281c9bd0

Quick Glance: IMF Warns of Fiscal Deficits in US and China

The IMF has warned the US that its massive fiscal deficits have stoked inflation and pose “significant risks” for the global economy.

Concerns were also raised about Chinese government debt, with the country projected to have a deficit of 7.6 per cent in 2025, more than double the average for other emerging markets.

In addition to the US and China, the fund named two more countries that “critically need to take policy action to address fundamental imbalances between spending and revenues”.

The IMF noted that “large and sudden increases” in US borrowing costs typically lead to surges in government bond yields globally and exchange rate turbulence in emerging markets and developing economies.

112

Apr 17

UK inflation falls as crumpet and meat prices drop: New official figures show that inflation, the rate at which prices rise over time, fell again in March.

bbc.com/news/business-68833077

Quick Glance: Powell Warns of Lack of Progress on Inflation

Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.

Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.

Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.

Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.

924

Apr 16

US to grow at double the rate of G7 peers this year, says IMF: Fund also upgrades inflation forecasts as strong demand and tight labour market delay possible Fed ...

ft.com/content/3b819571-662d-4185-9ca5-c7e682b55700

Quick Glance: IMF upgrades global growth forecast despite risks

The International Monetary Fund slightly raised its global growth forecast on Tuesday, noting that the economy had proven 'surprisingly resilient' despite inflationary pressures and monetary policy shifts.

IMF's chief economist, Pierre-Olivier Gourinchas, indicated that the global economy is heading for a 'soft landing,' with risks to the outlook now broadly balanced.

While advanced economies are expected to lead the growth, dim prospects in China and other major emerging markets could impact global trade partners, according to the report.

Despite Tuesday's brighter outlook, global growth remains low compared to historical standards, partly due to weak productivity growth and increasing geopolitical fragmentation.

438

5h

Westfield operator to waive a week's rent for tenants after attack: Normal trade will resume tomorrow, while doors will open for a "day of reflection" ...

9news.com.au/national/bondi-stabbing-spree-westfield-to-reopen-day-of-reflection/2162ffa5-cb3f-4ca5-8323-af44aac02dd9

204

Apr 16

Brazil seeks to weaken fiscal targets it set only a year ago: Leftist administration of Luiz Inácio Lula da Silva wants greater flexibility on budget surplus ...

ft.com/content/14e6a4d4-8be7-46cf-bb51-8445b0e85dc1

Quick Glance: Brazil Moves to Relax Fiscal Targets Set a Year Ago

The leftist administration of Luiz Inácio Lula da Silva wants more flexibility on budget surplus goals

Brazilian President Luiz Inácio Lula da Silva’s government is seeking to loosen its own budget targets as investor concerns rise about the risk of fiscal slippage in Latin America’s largest economy

Ministers intend to balance the budget next year, replacing the previous goal for income to exceed outgoings by 0.5 per cent of gross domestic product

Analysts warn that the current deficit targets are unrealistic and likely to be tweaked, prompting investors to express concerns about Brazil’s economic approach under Lula

381

Apr 16

Walgreens embarks on another round of layoffs: The Deerfield-based company has been cutting jobs every few months over the last year.

chicagotribune.com/2024/04/16/walgreens-layoffs/

371

23h

South African rand little changed ahead of inflation, retail sales data

13

7h

L.L.Bean announces layoffs, reduced call center hours due to online shopping surge

nypost.com/2024/04/17/business/ll-bean-announces-layoffs-reduced-call-center-hours/

37

Apr 16

TJ Maxx applicant in disbelief after learning of $12 minimum wage: 'Not taking that f--king job'

nypost.com/2024/04/16/lifestyle/job-applicant-refuses-tj-maxx-post-after-learning-of-12-an-hour-pay-not-taking-that-f-king-job/

207

9h

America’s interest rates are unlikely to fall this year: That will squeeze financial markets and the world economy

economist.com/leaders/2024/04/17/americas-interest-rates-are-unlikely-to-fall-this-year

6

Apr 17

Consumer spending shoots up on higher prices amid declining sales in retail sector

standardmedia.co.ke/enterprise/article/2001493354/consumer-spending-shoots-up-on-higher-prices

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6

smh.com.au/politics/federal/business-defaults-soar-as-australian-house-prices-outpace-the-globe-20240416-p5fk42.html

Apr 16

Business defaults soar as Australian house prices outpace the globe: Australian house prices are out-performing most of the world, even after inflation ...

20

Apr 16

International Monetary Fund: Germany in last place among industrialized nations (again)

spiegel.de/wirtschaft/unternehmen/konjunktur-deutschland-auf-dem-letzten-platz-der-industrienationen-schon-wieder-a-49d8a54b-1dbe-4406-a72b-604e1115b2b4

44

Apr 16

Xi Jinping says China’s exports are helping ease global inflation: Chinese president warns German Chancellor Olaf Scholz against ‘rise of protectionism’

ft.com/content/7cc89622-66a7-4b1c-9b2e-138f121a4731

10

Apr 17

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

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2

12

Investor's Business Daily

D

Apr 16

Is It Time To Buy Gold Stocks And ETFs As Gold Futures Hit A High? Here's What Charts Show

investors.com/research/gld-stock-a-buy-right-now-heres-what-charts-show-2/

3

17

wsj.com/articles/from-cubicle-to-corporate-icon-costco-finance-chief-ends-40-year-run-52e986d1

Apr 16

From Cubicle to Corporate Icon, Costco Finance Chief Ends 40-Year Run: Richard Galanti has stepped down as CFO after nearly four decades in the role ...

19

Apr 16

Why child care costs are soaring: Wages in the industry have risen fast in the last few years — but they're still pretty low.

axios.com/2024/04/16/child-care-costs

timesofoman.com/article/144450-is-it-the-right-time-to-buy-gold-or-wait-as-prices-continue-to-soar

7

Times of Oman 22h

Is it the right time to buy gold or wait as prices continue to soar: Is it the right time to buy gold as prices spiral?

0

Apr 16

The shadow of war darkens on the global economy: Short-term performance has been surprisingly good but policymakers are walking on eggshells

ft.com/content/31158ec7-433b-4c0e-9f2e-8a13e8dd4750

1

Apr 17

You might get more money in your Social Security check than expected next year: Here's why

foxbusiness.com/personal-finance/your-social-security-cola-increase-could-be-bigger-expected-next-year

2

220

The Guardian

C+

Apr 16

UK facing food shortages and price rises after extreme weather: Heavy rain likely to cause low yields in Britain and other parts of Europe ...

theguardian.com/environment/2024/apr/16/uk-facing-food-shortages-and-price-rises-after-extreme-weather

1

Apr 15

‘Blowout’ US retail sales shake bond and currency markets: Government debt sells off and dollar gains as latest sign of hot economy cools hopes of interest rate ...

ft.com/content/c2879370-192c-438b-ba01-7a99788f459a

68

Apr 16

Dollar firms after hot retail sales, yen languishes; China data awaited

39

Apr 16

Dollar rises to 5-month high, puts heat on yen; GDP data boosts yuan

reuters.com/markets/currencies/dollar-firms-after-hot-retail-sales-yen-languishes-china-data-awaited-2024-04-16/

2 similar articles

70

7

Insider (news website)

B-

Apr 16

China GDP rises 5.3%, but it doesn't mean the economic pain is over: March retail sales and industrial output fell short of forecasts. First-quarter new home ...

businessinsider.com/china-economy-first-quarter-gdp-growth-but-pain-not-over-2024-4

76

Apr 15

US retail sales beat expectations, boost first-quarter growth estimates: U.S. retail sales increased more than expected in March amid a surge in receipts at ...

reuters.com/markets/us/us-retail-sales-beat-expectations-march-2024-04-15/

36

Apr 15

Joe Biden’s approval rating on the economy is rising among US voters: FT-Michigan Ross poll finds president’s gains could be derailed by persistent fears over ...

ft.com/content/bdd37729-8225-4f52-ae88-a7edeb329bb5

20

Apr 14

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

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.

53

Apr 15

Peter Waddell to 'take big fight with Freshstream to High Court': Peter Waddell, founder of Big Motoring World has vowed to take legal action against ...

motortrader.com/motor-trader-news/automotive-news/peter-waddell-take-big-fight-freshstream-high-court-15-04-2024

0

2

wsj.com/business/retail/a-day-in-the-life-of-a-walmart-manager-who-makes-240-000-a-year-3248037f

Apr 15

A Day in the Life of a Walmart Manager Who Makes $240,000 a Year: Nichole Hart walks 20,000 steps as she searches for super glue, encounters a disappointed Snoop ...

67

Apr 16

Concern for Bank of England as real earnings growth at highest rate since 2021: While the wage figures are good news for households on the face of it ...

news.sky.com/story/real-earnings-growth-at-its-highest-rate-in-nearly-two-and-a-half-years-13116319

Quick Glance: Rising Real Earnings Growth Raises Concerns at Bank of England

An unexpectedly weaker decline in the pace of wage increases has led to real earnings growth reaching its highest level in nearly two and a half years when considering inflation, according to the latest official data.

Recent official figures indicate that average regular pay without bonuses was at 6% in the three months to February compared to the previous year.

The broader ONS statistics revealed an increase in the UK's unemployment rate from 3.9% to 4.2%, with caution due to ongoing efforts to enhance the reliability of employment data.

The forthcoming inflation data expected on Wednesday is likely to demonstrate further progress towards the Bank's objectives and the potential for a decrease from the current 5.25% interest rate.

23

Apr 14

US and India stoke hopes of global growth in 2024 : FT-Brookings Tiger index shows ‘positive omens’ for modest pick-up compared with last year

ft.com/content/7d1199bb-8283-49c3-801e-249938bcbae8

35

12

ZDF

zdf.de/nachrichten/wirtschaft/rentner-deutschland-steuern-grundfreibetrag-100.html

Apr 15

Basic tax-free allowance: 244,000 pensioners do not have to pay taxes: The basic tax-free allowance was increased at the turn of the year to compensate for ...

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125

706

ZDF

zdf.de/nachrichten/wirtschaft/ezb-leitzinsen-banken-sparer-kredite-100.html

Apr 15

What the key interest rates mean for savers: Inflation is falling - the ECB is heading for a possible first interest rate cut. Consumers could already be feeling ...

businessinsider.com/california-fast-food-20-minimum-wage-restaurant-raise-pay-compete-2024-4

144

289

Insider (news website)

B-

Apr 14

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 ...

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.

45

Apr 14

March's inflation data had good and bad news about food: It's getting increasingly cheaper to eat at home.

axios.com/2024/04/10/march-cpi-food-inflation

40

Apr 15

Here are the tax brackets to file your 2023 taxes: The tax brackets for Americans will shift upward for tax year 2023, following a series of rule adjustments to ...

thehill.com/business/4595268-here-are-the-tax-brackets-to-file-your-2023-taxes/

3

Apr 15

Gold is back — and it has a message for us: The precious metal’s surge may herald a whole new world

ft.com/content/bdcb7d8a-e958-4910-9d1b-a6a519812503

6

5

NPR

npr.org/2024/04/12/1244273973/forever-stamp-cost-price-going-up-usps-postage

Apr 14

The Forever Stamp is forever rising in price. How does the U.S. cost compare globally?

143

Apr 14

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/

74

Apr 14

Target has launched its new paid membership program as part of Circle Week: Target 360 Circle will be priced at $49 through May 18

qz.com/target-circle-week-amazon-walmart-discount-retailer-1851394907

6

Apr 15

Retail sales jumped 0.7% in March, much higher than expected: Retail sales increased 0.7% for the month, considerably faster than the Dow Jones consensus ...

cnbc.com/2024/04/15/retail-sales-jumped-0point7percent-in-march-much-higher-than-expected.html

2

Apr 14

Did your car insurance rate go up a lot even though you don’t drive much?: Drivers nationwide are facing the biggest car insurance rate increases since 1976.

cnn.com/2024/04/12/business/car-insurance-rate-go-up/

227

Apr 15

Why the US dollar is setting off alarm bells around the world: Suddenly, tension and uncertainty have gripped financial markets, making them highly volatile.

theage.com.au/business/markets/why-the-us-dollar-is-setting-off-alarm-bells-around-the-world-20240415-p5fjta.html

1 similar article

4

132

CNA Apr 16

More Malaysians seeking jobs in Singapore amid weakening ringgit, inflation: Recruiters

channelnewsasia.com/singapore/malaysians-working-jobs-ringgit-inflation-manpower-employment-4265736

4

78

smh.com.au/business/companies/multinational-giants-urged-to-front-supermarket-inquiry-for-playing-hardball-20240411-p5fj6q.html

Apr 14

Multinational giants urged to front supermarket inquiry for ‘playing hardball’: Australian retailers have turned their sights on global suppliers such as Nestle ...

6

Apr 14

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

lebensmittelpraxis.de/zentrale-management/39883-supermarkt-des-jahres-2024-nominierte-in-der-kategorie-filialisten-bis-3-000-qm.html

12

76

Lebensmittelpraxis.de Apr 13

Supermarket of the Year 2024 - Nominees in the category chain stores up to 3,000 sqm

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1

0

smh.com.au/business/the-economy/coping-with-higher-prices-on-smaller-portions-and-chicken-nuggets-20240411-p5fj5t.html

Apr 14

Coping with higher prices on smaller portions and chicken nuggets: The past few years have been tough financially for many of us, and it’s potentially changing ...

5

Apr 12

Thailand's Central buys German luxury retail property KaDeWe

reuters.com/markets/deals/thailands-central-group-buys-kadewe-property-say-industry-sources-2024-04-12/

25

Apr 12

Nike CEO says focus on its own website and stores went too far as it embraces wholesale retailers again

cnbc.com/2024/04/12/nike-ceo-acknowledges-it-went-too-far-in-direct-push.html

Quick Glance: Nike CEO Acknowledges Shift from Direct Sales Focus

Nike CEO John Donahoe acknowledged that the company deviated too far from wholesale partners like Macy's and DSW in its pursuit of primarily selling products through its own stores and website.

Over recent years, Nike has actively worked on restructuring its business model. Initially focused on selling sneakers and clothing in department stores and specialty shops, the brand now generates the majority of its revenue through direct-to-consumer sales.

This transition enabled Nike to significantly increase revenue and enhance customer insights through data analysis. Donahoe stated that Nike has tripled its mobile and digital business in the past four years.

Some analysts view Nike's avoidance of wholesale partners as a misstep that hindered the company's progress in innovation and product development.

21 similar articles

37

5

Apr 14

The New Magic Number for Retirement Is $1.46 Million. Here’s What It Tells Us.: There is no single formula for how much you need to save in your 401(k).

on.wsj.com/3J2sYeI

11

149

smh.com.au/politics/federal/why-is-beer-so-expensive-20240411-p5fj5n.html

Apr 13

Why is beer so expensive?: Inflation for most goods and services has been falling since late 2022, but the price of beer has risen at its fastest rate in decades ...

18

Apr 13

Auto insurance premiums are skyrocketing. What's to blame?: Inflation accelerated more than expected in March, and an unsuspecting culprit may be to blame: auto ...

foxbusiness.com/economy/auto-insurance-premiums-are-skyrocketing-whats-blame

72

Apr 13

When will Americans see those interest-rate cuts?: Following a nasty surprise, some now think they may come only after the presidential election

economist.com/finance-and-economics/2024/04/10/when-will-americans-see-those-interest-rate-cuts

6

Apr 15

Social Security's COLA estimate rises. But seniors could struggle as inflation heats up.

usatoday.com/story/money/personalfinance/2024/04/10/2025-cola-estimate-higher-inflation-social-security/73272852007/

6

Apr 12

Biden administration raises costs to drill on public lands: The Interior Department finalized a rule Friday making it more expensive for oil and gas producers to ...

thehill.com/policy/energy-environment/4590251-biden-administation-raises-costs-drill-public-lands/

Quick Glance: Biden Raises Drilling Costs on Federal Lands, Trump Courts Oil Donors

The Biden administration has finalized a new rule requiring oil companies to pay at least ten times more for drilling on federal lands to generate more revenue for taxpayers.

While Trump discusses easing drilling regulations with energy executives, the US is historically pumping a lot of crude oil, complicating regulations for Trump and Biden's climate agenda.

The rule mandates higher bonds and royalties for fossil fuels on federal lands to better compensate taxpayers and cover the costs of cleaning up abandoned wells.

In addition to reshaping fossil fuel production on federal lands, the administration has advanced renewable energy development on these tracts and significantly reduced rents and fees for clean energy projects.

44

Apr 14

Morning Bid: De-risking, seeking safety as Middle East tensions rise: A look at the day ahead in Asian markets.

reuters.com/markets/global-markets-view-asia-graphic-pix-2024-04-14/

1

Apr 13

Trump to host rally on Biden's home turf in northeast Pennsylvania: Donald Trump’s rally in northeast Pennsylvania, an area President Joe Biden considers home ...

abcnews.go.com/Politics/wireStory/trump-host-rally-bidens-home-turf-northeast-pennsylvania-109189340

1 similar article

94

596

wsj.com/tech/personal-tech/is-the-139-amazon-prime-subscription-still-worth-it-83a597c7

Apr 13

Is the $139 Amazon Prime Subscription Still Worth It?: Over the past half decade, fees have crept up—while perks have gone away.

7

Apr 13

Why Democrats are losing Asian Americans: Asian American voters in 2024 are increasingly engaged in politics given recent inflation, crime and education ...

thehill.com/opinion/4581602-why-democrats-are-losing-asian-americans/

7

125

The Charlotte Observer

charlotteobserver.com/news/nation-world/national/article287567705.html

Apr 16

Photographer captures jaw-dropping eclipse engagement: ‘Forever’s gonna start tonight’

0

pennlive

pennlive.com/politics/2024/04/trumps-rally-in-pa-will-be-the-last-one-before-his-hush-money-trial.html

Apr 13

Trump’s rally in Pa. will be the last one before his hush money trial: The presumptive Republican nominee is scheduled to speak Saturday night at the ...

2

Apr 11

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/

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24

44

PBS

pbs.org/newshour/economy/how-migrant-workers-have-contributed-to-strong-u-s-job-growth

Apr 12

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 ...

11

Apr 13

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

1

Apr 12

Biden heading to his Pennsylvania hometown to talk taxes: Despite the healthy job market, a near-record-high stock market and a decline in inflation ...

pennlive.com/politics/2024/04/biden-heading-to-his-pennsylvania-hometown-to-talk-taxes.html

8

Apr 10

Macy’s Names Two Arkhouse Nominees to Board

barrons.com/articles/macys-stock-arkhouse-proxy-board-5c11a828

3

Apr 11

Producer prices come in softer than consumer prices in March: Producer prices rose less than economists expected in March after consumer prices came in hot ...

thehill.com/business/4588023-producer-prices-come-in-softer-than-consumer-prices-in-march/

53

Apr 11

Why are auto insurance premiums so high? Blame inflation and a few other factors: Wednesday's inflation report showed consumer price growth continues to drift ...

nbcnews.com/business/consumer/auto-insurance-premiums-costs-high-prices-inflation-explainer-rcna147204

142

Apr 13

When will Americans see those interest-rate cuts?: Following a nasty surprise, some now think they may come only after the presidential election

economist.com/finance-and-economics/2024/04/10/when-will-americans-see-those-interest-rate-cuts

2 similar articles

0

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