Consumers still don’t feel great about the economy, despite lower gas prices

Consumers still don’t feel great about the economy, despite lower gas prices

The nation’s collective outlook rose marginally this month, according to the latest University of Michigan Surveys of Consumers released Friday. The benchmark sentiment index rose to 55.1, up from 51.5 in July, after plummeting to a record low of 50 in June, when consumers were feeling buffeted by soaring inflation and $ 5-a-gallon gas. Gas … Read more

5 things to know before the stock market opens Friday, August 12

Traders on the floor of the NYSE, Aug. 11, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Markets looking up US stock futures pointed to a rally Friday morning, a day after the three major indexes posted mixed results. On Thursday, the Dow finished … Read more

Fed expected to stick with hawkish interest rate hikes, strategists say

The Federal Reserve is unlikely to pivot from its hawkish interest rate hikes despite positive signs this week that inflation in the US could be easing, according to market strategists. On Thursday, the producer price index surprisingly fell 0.5% in July from the prior month, compared with an estimate of a 0.2% gain, according to … Read more

5 things to know before the stock market opens Thursday, August 11

Traders on the floor of the NYSE, Aug. 8, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Stock futures are up US markets on Thursday were set to rise again after a government report showing that inflation is cooling fueled a Wednesday rally. All … Read more

Metro Denver one of the most ‘vulnerable’ housing markets

DENVER – Metro Denver’s housing market has taken a big shift. It’s now among the most vulnerable markets in the country, according to the real estate brokerage firm, Redfin. The Redfin risk score is based on interest rates, home sales and price drops. It might not be the best time to buy, but for many, … Read more

The easing of inflation pressures is giving the economy some breathing room, for now

A shopping cart is seen in a supermarket as inflation affected consumer prices in Manhattan, New York City, US, June 10, 2022. Andrew Kelly | Reuters If inflation has been the biggest threat to US economic growth, then July’s data should provide signs that there’s at least some relief in the pipeline. Prices were flat … Read more

Amazon’s Palm Reading Payment System Is Taking Over Whole Foods

Photo: Amazon Amazon’s slowly making good on its goal of one day turning your entire body into one big money oozing meatsuit. First up, your palms. In the coming weeks, Amazon plans to expand its “Amazon One” palm reading biometric payment system to 65 Whole Foods Markets throughout California, starting with locations in Malibu, Montana … Read more

US inflation slips from 40-year peak but remains high 8.5%

WASHINGTON (AP) – Falling gas prices gave Americans a slight break from the pain of high inflation last month, though overall price increases slowed only modestly from the four-decade high that was reached in June. Consumer prices jumped 8.5% in July compared with a year earlier, the government said Wednesday, down from a 9.1% year-over-year … Read more

Losses climb 50%, firm to exit Netherlands

A Deliveroo rider near Victoria station on March 31, 2021 in London, England. Dan Kitwood | Getty Images Losses at British meal delivery firm Deliveroo swelled in the first half of 2022 while revenue growth slowed dramatically, as the disappearance of pandemic restrictions and a rise in the cost of living dented demand for online … Read more