News

Tariff-Induced Inflation Surge May Be Temporary, Fed Official Says
Christopher J. Waller argued that the effect of tariffs on prices could be short-lived, but he warned about a bigger hit to ...
SNL compares Trump to Jesus in Easter sketch mocking economy and faith: 'Donald Jesus Trump'
SNL's Easter sketch portrayed Trump as “Donald Jesus Trump," mocking his economic policies, faith, and inflation during a ...
US consumer sentiment, inflation expectations deteriorate sharply in April
U.S. consumer sentiment deteriorated sharply in April and 12-month inflation expectations surged to the highest level since ...
A repeat of The Great Inflation? Consumer inflation fears reach highest mark since 1981.
The last time inflation expectations ran that high was in 1981, toward the end of a historic period of high prices, remembered by the Federal Reserve as The Great Inflation.
Potential impact of Trump’s trade war on jobs and inflation sends US consumer sentiment plunging
Consumer sentiment fell sharply in April for the fourth straight month as the trade war has fueled worries about the health ...
THE WEEK15d
Discount stores were thriving. How did they stumble?
What happened? Low-income shoppers "wrestling with inflation" cut back on their spending with the discount chains. But the sector was also plagued with "too many store openings, poorly maintained ...
Star Tribune17d
Minnesota Senate DFLers propose up to $2.5B in spending cuts, pullbacks on some inflation-related spending
Senate Majority Leader Erin Murphy, DFL-St. Paul, said the spending cuts proposed by her caucus would allow Minnesota to preserve its new child tax credit, free school meals program and other ...
Business Insider17d
More than 2,500 stores are closing across the US this year. Here's the list.
At least eight retail brands have said they're closing US stores this year, totaling over 2,500 locations. Twice-bankrupt Party City is the largest chain on the list, with 700 stores facing closure.
i17d
How should I draw down my pension later this year when inflation spikes?
What are the considerations when drawing down and taking your lump sum in a high-inflation environment? Answer: With talk of a potential inflation spike, it’s sensible to start thinking ...
New York Post18d
$12 drawing bought at antique store could be a Renoir — and worth a whopping $1M
This lucky woman found a framed and famed treasure. A Pennsylvania woman believes the $12 drawing she purchased at an antique store could be an original Pierre-Auguste Renoir piece, potentially ...
People18d
Over 60 Macy’s Stores Are Closing Nationwide — See Which Locations Have Already Shut Down
The iconic department store plans to close 150 locations by 2027 Yuki Iwamura/Bloomberg/Getty Macy’s is saying goodbye to a laundry list of locations across the country. The department store ...
Forbes18d
How To Calculate Inflation: PCE & CPI
Commissions do not affect our editors' opinions or evaluations. Inflation is the tendency for prices of goods and services to rise over time. Too much inflation suggests that an economy is facing ...