Stocks rose in roller-coaster trading on Wall Street Wednesday following the Federal Reserve’s sharpest hike to interest rates since 1994, and its assurance that such mega-hikes would not be common.
Wall Street closed mostly lower on Tuesday, a day after tumbling into a bear market on worries that high inflation will push central banks to clamp the brakes too hard on the economy.
Tesla shares tumbled more than 7% Friday on a report that CEO Elon Musk is considering laying off 10% of the company’s workers, as well as new questions from U.S. regulators over complaints of vehicles braking for no reason.
Almost eight in 10 adults said last fall that they were either “doing okay or living comfortably” when it came to their finances in 2021, according to an annual Fed survey.
Rising interest rates, high inflation, the war in Ukraine, and a slowdown in China’s economy are all punishing stocks and raising fears about a possible U.S. recession.
The U.S. Soccer Federation reached milestone agreements to pay its men’s and women’s teams equally, making the American national governing body the first in the sport to promise both sexes matching money.
The funding would increase FDA staffing focused on the formula shortage to boost inspections, prevent fraudulent products from getting onto store shelves and acquire better data on the marketplace, lawmakers said.
The Fed’s increases in its benchmark short-term rate typically lead, in turn, to higher borrowing costs for consumers and businesses, including for mortgages, auto loans and credit cards.
The state conducts about 1,400 of these inspections every year at all types of retail stores from mom-and-pop shops to large discount chains and grocery stores
Stacker analyzed the Consumer Price Index released on May 11, 2022, to determine which common grocery store items saw the largest price increases in April.
Raytheon Missiles and Defense is marking its 70th year in southern Arizona. In partnership with BizTucson magazine, KOLD News 13 is taking you inside the company to see how they’ve impacted aerospace and defense, as well as the Tucson community.
Stacker looked at the Bureau of Labor Statistics Consumer Price Index data released on Tuesday, April 12, to highlight the grocery items with the greatest price changes in March 2022.
Both this year and last were steep drops from 2019 for the Bidens, when they earned nearly $1 million, primarily from book sales, speeches and their teaching positions at the University of Pennsylvania and Northern Virginia Community College.
The trouble started last week when Abbott announced his increased inspections in response to the Biden Administration’s plans to lift Title 42 immigration expulsions.
Walmart, based in Bentonville, Arkansas, said it is raising pay for its 12,000 truck drivers. The starting range for new drivers will now be between $95,000 and $110,000.
Federal Reserve officials are signaling that they will take a more aggressive approach to fighting high inflation in the coming months — actions that will make borrowing sharply more expensive for consumers and businesses and heighten risks to the economy.
“I was up late on Sunday morning, and I looked at my account and noticed that there was money that was missing and there were two transactions that were each $703."
