The share of Americans reporting trouble affording food is rising this year amid persistently high grocery costs, according to a recent report from Purdue University. Roughly 14% of U.S. households reported food insecurity on average between January and October, up from 12.5% in 2024, according to the latest data from Purdue’s Center for Food Demand…
NANJING, CHINA – NOVEMBER 9, 2025 – Citizens shopping at a farmers’ market in Nanjing, China’s Jiangsu Province on November 9, 2025. Cfoto | Future Publishing | Getty Images Deflation pressures in China alleviated in October as consumer prices returned to growth after remaining in negative territory for the most part this year, helped by…
Stocks tumbled on Friday as consumer sentiment plunged near all-time lows and investors panicked over AI spending – hammering tech stocks in their worst week since April. The tech-heavy Nasdaq dropped 0.2% Friday, closing the week down 3% – its worst drop since the April launch of President Trump’s “Liberation Day” tariffs sparked a massive…
As stubborn U.S. inflation continues to drive grocery prices higher in 2025, one surprising exception is emerging this month: the cost of preparing your Thanksgiving meal. Consumers can expect to spend about 2% to 3% less this year on Turkey Day groceries, according to a recent Wells Fargo analysis of a typical Thanksgiving feast. Shoppers are…
Hedge fund icon Ray Dalio is sounding the alarm a lot this year over what he sees as the dire state of the US economy. His main concern in recent months has been the impact of soaring US debt levels and high deficit spending; now, he’s raising red flags about the path of monetary policy….
LONDON (AP) — The Bank of England kept its main interest rate unchanged at 4% on Thursday with a majority of policymakers indicating that they need more information on how swiftly inflation will fall back towards their target. The decision by the nine-member rate-setting body to maintain Bank Rate — a benchmark for mortgages as…
Discontent with the economy is once again proving to be the primary force in U.S. politics, defining elections in three states on Tuesday and punishing the party in power. PREMIUM New York City Mayor-elect Zohran Mamdani made the case the economy wasn’t working for everyone. Democratic candidates who focused their messages on economic issues will…
To understand how Americans are faring economically these days, it’s helpful to consider the eleventh letter of the alphabet. Experts describe the current U.S. economy as “K-shaped,” a reference to the divergent fortunes of wealthier consumers compared with people lower down the ladder. The upward-slanting stroke of the “K” represents the ongoing trend of strong…
China’s services activity expanded in October even though growth was the weakest in three months, a private survey showed, as holiday spending and travel by households supported the industry during a deepening economic slowdown. The RatingDog China services purchasing managers’ index slipped to 52.6 from 52.9 in September, according to a statement published Wednesday, extending…
Americans are expected to open their wallets this holiday season, increasing their gift budgets even as a slowing job market and stubborn inflation weigh on consumer confidence, according to a new analysis from Visa Business and Economic Insights. U.S. consumers are forecast to spend an average of $736 each on holiday gifts, a 10% increase…