June’s Consumer Price Index (CPI) report likely gives the Federal Reserve room to continue its wait-and-see approach to cutting rates amid uncertainty over how President Trump’s tariffs will impact inflation. On a “core” basis, which excludes volatile food and energy costs, CPI increased 0.2% from the previous month, slightly lower than economists’ expectations but ahead…
How to save on groceries as prices climb How to shop smarter and spend less as grocery prices climb 03:49 The Consumer Price Index in June rose 2.7% on an annual basis, a sign inflation around the U.S. is creeping up after declining earlier this year. By the numbers The CPI was forecast to rise…
Nvidia (NVDA) is moving to reestablish its foothold in the Chinese market, announcing late Monday night that it plans to restart sales of its H20 AI chips in the region. The company has also unveiled a new GPU model specifically engineered to align with US export regulations. In a company blog post, Nvidia said it…
Stocks are back near record highs, but a flurry of trade announcements, deals, and extensions kept investors on their toes last week. In the week ahead, a busier economic and earnings calendar will offer them more to chew on. Inflation data out Tuesday morning will set the economic agenda for the week. The Consumer Price…
Soaring U.S. beef prices are hitting consumers in the wallet and raising costs for restaurants. “Anybody should be able to afford a burger,” said Andrew Schnipper, a managing partner at Hamburger America in New York City. “It’s never been an expensive item historically.” Yet the restaurant may be forced to raise the price of its…
Kroger shoppers might be paying more at checkout than they bargained for. A new investigation found price tag errors at the supermarket giant’s stores leading to customers being overcharged on many items marked as discounted or on sale. Expired discount tags were found on everyday products ranging from Cheerios cereal to Nescafé instant coffee, according to…
The Consumer Price Index in April rose 2.3% on an annual basis, signaling that price hikes remain above the Federal Reserve’s goal of bringing down inflation to a 2% rate. By the numbers The CPI was forecast to rise 2.4% last month, according to economists polled by financial data firm FactSet. The CPI, a basket of goods…
Hong Kong’s lowest-paid workers received a pay rise on Thursday, with their hourly wage increasing by HK$2.10 (30 US cents), from HK$40 to HK$42.10, following a recommendation adopted by the government’s key decision-making Executive Council. The Post takes a look at the 5.25 per cent increase, the first since a new formula for adjusting the…
Hong Kong’s lowest-paid workers received a pay rise on Thursday, with their hourly wage increasing by HK$2.10 (30 US cents), from HK$40 to HK$42.10, following a recommendation adopted by the government’s key decision-making Executive Council. The Post takes a look at the 5.25 per cent increase, the first since a new formula for adjusting the…
Unlike previously, when May 1 was marked by large-scale demonstrations calling for better protection for workers, Labour Day in more recent years has passed by as a paid holiday for people to take a break. But this year offers double the reason to celebrate as two key improvements in benefits take effect today. The hourly…