Why are groceries still so expensive?
Inflation is falling faster than most economists expected, but steep food prices are still taking a large bite out of...
Economy
Stock-market investors should still brace for ’70s-style ‘stagflation,’ warn strategists
Investors are in love with Goldilocks right now. They might be better off watching for the return of Disco Duck,...
ECB reports record loss for 2023 as rate hikes bite
FRANKFURT (Reuters) - The European Central Bank on Thursday reported a record annual loss for 2023 and said further losses...
Army employee Janet Mello pleads guilty to stealing more than $100M from Army to purchase luxury items
A U.S. Army employee pleaded guilty to defrauding the government following allegations she stole $108 million in Army funds to...
Fed’s Cook wants ‘greater confidence’ inflation is slowing before backing interest-rate cuts
Federal Reserve Gov. Lisa Cook said Thursday that inflation has slowed faster than expected, but central bank officials need “greater...
Rising credit card interest costs consumers extra $25 billion, CFPB says
(Reuters) -The Consumer Financial Protection Bureau (CFPB) said on Thursday credit card companies' interest on loans was at an all-time...
Mega Millions jackpot rises to $650M after no ticket matches winning numbers
The Mega Millions jackpot grew to an estimated $650 million after nobody matched the winning tickets in the drawing Friday...
‘What’s the rush?’ Fed’s Waller says interest-rate cuts can wait.
Federal Reserve governor Chris Waller said there’s “no rush” to reduce U.S. interest rates in light of stronger-than-expected readings on...
Bitcoin ETFs test investor commitment to gold-backed paper
By Ashitha Shivaprasad and Manya Saini (Reuters) -A surge of interest in bitcoin exchange-traded funds is prompting some investors to...
Inflation should slow enough to spur interest-rate cuts ‘later this year,’ Fed’s Williams says
Inflation is likely to slow toward 2% and pave the way for reductions in U.S. interest rates “later this year,”...
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