Business Archives - Page 30 of 45

Key Inflation Gauge Drops Slightly But Sticks at More Than Double Fed’s Target

A key inflation gauge dropped slightly in May but remains stuck at a level that is more than double the target set by the Federal Reserve. The Fed’s preferred inflation gauge, the so-called core Personal Consumption Expenditures (PCE) price index, is heavily relied on by the Federal Reserve when setting…

G7 Leaders Struggle to Cope with Damage Caused by Green Energy Agenda

Leaders of the Group of Seven (G7) rich nations are struggling to cope with the damage caused by their green energy agenda. As damage from climate policies escalates, dissent within the ranks over the next steps is now emerging. Reality is starting to intrude on the G7’s ongoing campaign to…

Gas Prices Fall Below $4.90 a Gallon as Recession Fears Mount

Gas prices in the United States have fallen below $4.90 a gallon as fears of an upcoming recession continue to mount. As of Monday, the national average for a gallon of gasoline is $4.897, according to AAA. The price is down from the historic highs of over $5 a gallon seen…

Consumer Confidence Hits Record Low as Americans Become Deeply Pessimistic about Economy

Americans have never been this pessimistic about the economy, with consumer confidence now hitting record lows, according to new data. As soaring inflation erodes household purchasing power and threatens a cost-of-living crisis, the University of Michigan's consumer confidence index has plunged to a record low. In May, the Michigan consumer…

45 Housing Markets Have ‘Probability of Price Decline,’ Research Firm Warns

Several housing markets across the United States have the "probability of a price decline" over the next year, a research firm is warning. According to data by researchers at CoreLogic, prices are poised to fall in 45 of the 392 U.S. housing markets that the firm analyzed. The news comes…

Who Is to Blame for Travel Chaos as Thousands of Flights Are Canceled?

Americans are suffering from travel chaos this summer as thousands of flights are being canceled across the country. Airlines are blaming staffing shortages as thousands more flights were canceled this week. The chaos comes as Americans return to traveling in droves this year. However, airlines and the federal government are…

FedEx to Start Taking Photos of Packages on Doorsteps for Proof of Delivery

Courier company FedEx will begin taking photographs of packages on doorsteps across North America to provide proof of delivery. The move makes the company the first nationwide carrier to do so in the United States and Canada. Announcing in a Wednesday press release, FedEx said the new protocol is part…

Deutsche Bank Officials Warn Growing Inflation, Rising Interest Rates Make Recession More Likely

Deutsche Bank's top U.S. economists are warning that growing inflation and rising interest rates are making a recession increasingly more likely. Speaking during a Tuesday interview with CNBC, Deutsche Bank CEO Christian Sewing noted that Western economies in Europe and the United States are facing a greater likelihood of recession…

Elon Musk: ‘Significant’ Issues Holding Back Twitter Deal

Tech entrepreneur Elon Musk says there are several "significant" unresolved matters that are holding back his bid to buy Twitter. The issues include the coming together of the debt part of the transaction, the outcome of a shareholder vote, and the number of spam users on the platform. Musk, who…

Germany’s Producer Price Soars to Record High as Inflation Raises Production Costs

Germany’s producer prices hit a record high in May as soaring energy costs and inflation continue to push production costs through the roof. The latest figures suggest households in Europe’s biggest economy should brace for even higher consumer price inflation. At least a portion of higher business costs tends to…