Tag: Economy

The grocery store sector is feeling the effects of inflation, as food prices in August rose faster than the all-items Consumer Price Index, according to the U.S. Department of Agriculture Economic Research Service. That means food prices were rising higher than the rate of inflation, which was 3% …

Peru central bank raises 2026 growth forecast to 3.0%

The holiday season always brings out the specialty coffee drinkers, whether they are fans of Starbucks’ Peppermint Mocha or Caramel Brulée Latte, or maybe Peet’s Dubai Style Chocolate Matcha or Pistachio CBOL. The wait for one of these holiday treats in coffee shops or drive-thru lanes can take …

Once-popular restaurant chains have been closing at alarming rates, proving that even well-established brands are not immune to economic uncertainty or shifting consumer habits. Longevity alone no longer guarantees success in an industry shaped by rising costs, evolving preferences, and intense …

Bank of Japan set to raise interest rates to 30-year high

In a string of insolvencies for regional Scandinavian airlines filed one after another earlier this fall, Malmö-based Braathens Aviation filed for bankruptcy in Swedish court at the end of September over what it claimed were a series of “financial challenges” and “lack of liquidity” needed to …

UK inflation unexpectedly tumbles, firming Bank of England rate cut bets

Palantir stock has gained about 20% since its November slump. It appears that the stock has weathered the storm of the AI sell-off, which was triggered by investor fears that AI is a bubble. Last week was especially difficult, as Oracle and Broadcom both took a sharp drop after reporting earnings…

Tax refunds can make or break a family’s financial year. Some people treat them like found money — extra cash for a vacation or new television. Others see them as a chance to shore up emergency savings or pay down debt. For most Americans, a $1,000 to $2,000 refund feels substantial…

US Treasury’s Bessent says next Fed chair needs ’an open mind’