Poll shows continued concerns about economy Most Americans say income is not keeping up with inflation, CBS News poll finds 02:48 The personal consumption expenditures (PCE) price index, the Federal Reserve’s preferred inflation measure, rose 2.5% in January on an annual basis. The PCE index and other inflation yardsticks, such as the Consumer Price Index,…
WASHINGTON (TNND) — President Donald Trump is gearing up to apply a round of tariffs on Chinese, Canadian, and Mexican imports in early March, with a 25% measure going toward Mexico and Canada, while a 10% tariff will go into effect on China. A recent report suggests the move could be much more painful than…
It’s not only the surging cost of eggs that is making breakfast pricier these days — the price of coffee is also spiking because of a confluence of factors. The cost of wholesale arabica beans — the most popular on the planet — surpassed $4 a pound for the first time this month and have…
NEW YORK — U.S. stock indexes drifted to a mixed finish Wednesday after climbing in the morning but then running out of steam. The Standard & Poor’s 500 finished an iota higher, less than 0.1%, after surrendering virtually all of its early gain of 0.9%. But that was just enough to break a four-day losing streak that…
Another restaurant chain to add egg surcharge at some locations amid shortage – CBS News Watch CBS News With the nationwide egg shortage, Denny’s said it will be adding a surcharge to every meal that includes eggs at some of its locations. The restaurant chain didn’t say which of its 1,500 locations would see the…
Warren Buffett and Berkshire Hathaway have built up a sizeable amount of cash. (Photo by Paul … [+] Morigi/WireImage) WireImage Key Takeaways Stocks Declined Sharply As Investors Await Key Economic And Earnings Reports Nvidia’s Earnings Will Be Closely Watched Amid AI Market Uncertainty Fed Likely To Hold Rates Steady, Inflation Data Remains A Key Focus…
US stocks sold off on Friday, marking the worst day of 2025 just two days after the S&P 500 hit a record high. Economic data releases raised concerns about a rebound in inflation. The Dow Jones has lost 1,200 points over the past two days. US stocks sold off on Friday in their worst day…
Nvidia will report earnings next week. (Photo by Justin Sullivan/Getty Images) Getty Images Key Takeaways Stocks Declined As Markets Await Key Earnings And Economic Reports Next Week Walmart Fell Despite Beating Earnings Due To Disappointing Forward Guidance Investors Eye Nvidia Earnings Amid Growing AI Spending Uncertainty Stocks were down on Thursday with the S&P 500…
TOKYO (AP) — Asian shares were mixed Friday after a sharp slide for Walmart helped pull Wall Street off record highs. In Japan, where investors were watching currency swings, the benchmark Nikkei 225 edged up 0.1% in morning trading to 38,719.34. A weak yen is a boon for some export-reliant manufacturers in Japan. In currency…
Residents purchase takeout from a restaurant in Admiralty, Hong Kong, on April 22, 2024. (ANDY CHONG / CHINA DAILY) Overall consumer prices in Hong Kong rose 2 percent year-on-year in January, up from the 1.4 percent increase recorded in December 2024, the Census and Statistics Department said on Thursday. The larger increase was attributable to…