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Economy

Here’s the inflation breakdown for July 2024 — in one chart

by Milton Acorn
Here’s the inflation breakdown for July 2024 — in one chart

d3sign | Moment | Getty Images Inflation continued to retreat in July, aided by easing price pressures for consumer staples like food and energy and physical goods like new and …

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Categories Science

Mars to acquire Kellanova in $36 billion deal

by Adrian Jhonsan
Mars to acquire Kellanova in  billion deal

A box of Kellogg Co. Eggo brand frozen waffles is arranged for a photograph in New York. Tiffany Hagler | Bloomberg | Getty Images Mars will acquire Kellanova for $35.9 …

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Categories World

Annual inflation rate slows to 2.9%, lowest since 2021

by Adrian Jhonsan
Annual inflation rate slows to 2.9%, lowest since 2021

Inflation rose as expected in July, driven by higher housing-related costs, according to a Labor Department report Wednesday that is likely to keep an interest rate cut on the table …

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Categories World

UK inflation, July 2024

by Adrian Jhonsan
UK inflation, July 2024

Shoppers walk along the high street in Rochester, UK, on Tuesday, July 16, 2024. Chris Ratcliffe | Bloomberg | Getty Images U.K. inflation rose to 2.2% in July, coming in …

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Categories World

Monaco hosts E1, a new racing competition using all-electric boats

by Monica Lozano
Monaco hosts E1, a new racing competition using all-electric boats

Monaco’s connection to car racing and boating is stamped all over it, from the hairpin turns of its Formula One circuit to the five-deck superyachts docked at Port Hercule. But …

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Categories Travel

Treasury yields slide as producer prices increase is less than expected

by Adrian Jhonsan
Treasury yields slide as producer prices increase is less than expected

Treasury yields fell on Tuesday as a wholesale inflation measure came in softer than expected. The yield on the 10-year Treasury was lower by about 5.7 basis points at 3.852%. …

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Categories World

Wednesday’s CPI report could mark a change in thinking for the Fed

by Adrian Jhonsan
Wednesday’s CPI report could mark a change in thinking for the Fed

Product prices as seen at Walmart.  Courtesy: Walmart The news Tuesday was good for inflation, and investors hope it will get even better Wednesday when the Labor Department releases the …

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Categories World

Three-year inflation outlook hits record low in New York Fed consumer survey

by Adrian Jhonsan
Three-year inflation outlook hits record low in New York Fed consumer survey

People shop at a grocery store in Brooklyn on July 11, 2024 in New York City. Spencer Platt | Getty Images Consumers grew more confident in July that inflation will …

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Categories World

59% of Americans wrongly think U.S. is in a recession, report finds

by Adrian Jhonsan
59% of Americans wrongly think U.S. is in a recession, report finds

Shoppers at a Walmart store in Secaucus, New Jersey, US, on Tuesday, March 5, 2024. Gabby Jones | Bloomberg | Getty Images We are not in a recession “Right now …

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Categories World

Producer price index July 2024:

by Adrian Jhonsan
Producer price index July 2024:

A key measure of wholesale inflation rose less than expected in July, opening the door further for the Federal Reserve to start lowering interest rates. The producer price index, which …

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Categories World
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