Opinion: Good news for retirees and retirement savers – inflation may be working in your favor

Retirees and those seeking secure income got two items of very good news this week, though you may only have heard about one. Meanwhile, your ability to earn a guaranteed rate of return on risk-free investments, regardless of what happens to inflation, actually went up. So-called TIPS bonds, Treasury bonds protected against inflation, fell slightly … 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

‘We became a cheap day care center for teenagers’

Six Flags revealed it has shed nearly 2 million customers during the past year – a drop that came partly because of an initiative to weed out “rowdy teenagers,” according to the company’s CEO. The Arlington, Texas-based theme park’s shares tumbled 18% to $ 21.12 on Thursday after it disclosed that attendance at its 27 … Read more

The inflation argument calling another good decade for tech investing

TuSimple, partly owned by UPS, makes self-driving trucks, a technology that may be among the innovations to help lower longer-run inflation in the transport sector. Source: TuSimple As inflation keeps flirting with 40-year highs, we know what the Fed is doing to fight back: raise interest rates. But what can businesses do to fight back … Read more

Travel costs fell in July. Here’s how you can score a good deal

Fluxfactory | E + | Getty Images Travelers saw prices fall for big-ticket pieces of their vacation budgets in July, offering at least a temporary reprieve after soaring costs earlier this year. Airfares fell nearly 8% from June to July, while prices for rental cars and lodging such as hotels declined 9.5% and about 3%, … 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

Inflation: It still sucks, but things are slowly getting better

This story is part of CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. CNN Business – It’s August, which is an ideal time for a little late-summer economic vibe check. All of Wall Street is in the Hamptons or on Martha’s Vineyard. Even the Fed is snoozing till … 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

How to save on groceries amid food price inflation

To feel the effects of inflation, just go to the supermarket. Although inflation, overall, began to ease last month along with gas prices, food costs climbed 1.1% in July, bringing the year-over-year gain to 10.9%, according to the latest Consumer Price Index figures. The food-at-home index, a measure of price changes at the grocery store, … Read more

Critical inflation report could show price increases have eased

People shop in a supermarket as inflation affected consumer prices in New York City, June 10, 2022. Andrew Kelly | Reuters Inflation may finally be cooling, thanks to falling gasoline prices and fading supply chain issues. Economists expect July’s consumer price index rose 0.2%, down from 1.3% in June, according to Dow Jones. Year-over-year, the … Read more