By More Americans are making summer vacation plans, and most are planning to hit the road to get to their destinations, a recent survey said. (iStock) More Americans are planning a summer trip this year, and 100 million of them plan to hit the road to get to their destination, a recent survey said. Overall,…
By After soaring last year, inflation has cooled faster than economists had expected. Still, prices at grocery stores and malls aren’t likely to go down anytime soon.AdvertisementThat’s because the economy and the job market remain hot, despite predictions of a recession. Wages are still rising. Gross domestic product climbed a healthy 2.4 percent last quarter,…
By More From ForbesJul 29, 2023,12:15pm EDTAI Productivity Gains Are Not Limited To Big Tech”,”scope”:{“topStory”:{“index”:2,”title”:”AI Productivity Gains Are Not Limited To Big Tech”,”image”:”https://specials-images.forbesimg.com/imageserve/64c4406c3e9ca5472f03e661/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Jul 28, 2023″,”hourMinute”:”06:34″,”amPm”:”pm”,”isEDT”:true,”unformattedDate”:1690583670648},”uri”:”https://www.forbes.com/sites/greatspeculations/2023/07/28/ai-productivity-gains-are-not-limited-to-big-tech/”}},”id”:”4l83jm6ci0mg00″},{“textContent”:”Jul 28, 2023,05:52pm EDTAre Recession Fears Starting To Fade?”,”scope”:{“topStory”:{“index”:4,”title”:”Are Recession Fears Starting To Fade?”,”image”:”https://specials-images.forbesimg.com/imageserve/64c411b83e9ca5472f03e5d6/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Jul 28, 2023″,”hourMinute”:”03:22″,”amPm”:”pm”,”isEDT”:true,”unformattedDate”:1690572139512},”uri”:”https://www.forbes.com/sites/bradmcmillan/2023/07/28/are-recession-fears-starting-to-fade/”}},”id”:”dh5p16gkg67c00″},{“textContent”:”Jul 28, 2023,10:28am EDTBRICS And BRACs”,”scope”:{“topStory”:{“index”:6,”title”:”BRICS And BRACs”,”image”:”https://specials-images.forbesimg.com/imageserve/64c2edbe4518bdda34ade19d/290×0.jpg?cropX1=0&cropX2=1206&cropY1=0&cropY2=804″,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Jul 28, 2023″,”hourMinute”:”08:15″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1690546500000},”uri”:”https://www.forbes.com/sites/andrewtisch/2023/07/28/brics-and-bracs/”}},”id”:”1qg7n9akib3e00″},{“textContent”:”Jul 28, 2023,06:10am EDT … See the…
By More From ForbesJul 28, 2023,06:30am EDTEurope Must Close The Tech Gap”,”scope”:{“topStory”:{“index”:2,”title”:”Europe Must Close The Tech Gap”,”image”:”https://specials-images.forbesimg.com/imageserve/64c28b5c95452f3086ade19b/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Jul 27, 2023″,”hourMinute”:”11:50″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1690473017863},”uri”:”https://www.forbes.com/sites/jeanmarcollagnier/2023/07/27/europe-must-close-the-tech-gap/”}},”id”:”cl22op5gcjog00″},{“textContent”:”Jul 27, 2023,09:00am EDTThe July 30 Gubernatorial Election In Chubut, Argentina’s No. 2 Petro-Province”,”scope”:{“topStory”:{“index”:4,”title”:”The July 30 Gubernatorial Election In Chubut, Argentina’s No. 2 Petro-Province”,”image”:”https://specials-images.forbesimg.com/imageserve/64bfe651540f53f5ded8f5f0/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Jul 26, 2023″,”hourMinute”:”11:02″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1690383720000},”uri”:”https://www.forbes.com/sites/thebakersinstitute/2023/07/26/the-july-30-gubernatorial-election-in-chubut-argentinas-no-2-petro-province/”}},”id”:”73r2am67i5q800″},{“textContent”:”Jul 26, 2023,09:32am EDTInnovation Is Key To Unlocking A Net Zero World”,”scope”:{“topStory”:{“index”:6,”title”:”Innovation…
By An obscure price tracker closely followed by economists also suggests inflation is slowing, but perhaps not quite as fast as the best-known indexes. The Dallas Federal Reserve’s “trimmed mean” inflation rate eased to 4.2% in the period running from June 2022 to June 2023 from 4.6% in the prior month. That’s much higher than…
By Washington, DC CNN — US consumers have been feeling a whole lot better this summer as inflation has continued to slow. Consumer sentiment tracked by the University of Michigan rose 11% in July from the prior month, reaching its highest level since October 2021, according to a final reading of the month’s data. That’s…
By Traders work on the floor of the New York Stock Exchange (NYSE) June 29, 2023.Brendan McDermid | ReutersStock futures were near flat on Thursday night as Wall Street awaited new inflation data due Friday morning.Futures tied to the Dow Jones Industrial Average added 14 points, or 0.04%. S&P 500 futures ticked higher by 0.07%,…
By EXCLUSIVE – Florida Gov. Ron DeSantis will unveil his economic policy as the Republican presidential candidate spotlights his “Declaration of Economic Independence” in a speech on Monday in New Hampshire, the state that holds the first primary and second overall contest in the GOP nominating calendar.Word of the economic policy rollout, which was shared first…
By It was never in doubt. In the run-up to the Federal Reserve’s meeting this week, investors assigned a probability of nearly 99% to a decision by the central bank to raise interest rates once again. On July 26th policymakers duly fulfilled those expectations, with their 11th increase in 12 meetings, together making for America’s…
By Happy Fed day to all who observe. Market expectations are for a quarter-point rate hike from the Federal Open Market Committee, and some weaselly language pointing to the possibility of future rate hikes but not committing to them. The one thing you won’t hear Fed Chair Jerome Powell discuss on Wednesday is the money…