Labor-intensive services such as gardening, home healthcare and day care and preschool were all significant drivers of inflation.
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After a dry spell amid high interest rates and inflation uncertainty Q1 saw 35 IPOs raise $9.9 billion, according to Renaissance Capital.
Prices for the fruits soared nearly 40% in April from a year ago, according to the latest figures from the Bureau of Labor Statistics.
On the other hand, the market slowdown is — ever so incrementally — taking a toll on house prices, according to Zillow forecasts.
The economy added just 73,000 jobs in July, according to the Labor Department, well below the expectations of economists surveyed.
Economists anticipated a 2.5% rate, so the better-than-expected top line figure was obviously cause for celebration, right?
On Tuesday, the S&P 500 closed down 0.3%, snapping a remarkable streak of six straight closing highs through Monday.
The announcement comes just days after President Trump signed a law that introduces US-regulated stablecoins.
The big US banks bested Q1 earnings expectations, and many observers expect big boosts to their Q2 trading desk revenues.
The dollar is the most important currency on earth, adding up to 57.7% of global currency reserves in the first quarter.
The TINA trade has hit some snags in recent years, with bonds looking like a pretty swell alternative in an era of high interest rates.
The deal is with NYC real estate developer Related, which is seeking to capitalize on the return to office push in the economic metropolis.
The US debt is about the same as its entire economic output and is projected to grow if Trump’s megabill passes.
AI and hiring binges during the pandemic have been cited as the driving force behind the pace of layoffs in the tech sector.
Simply put, Powell says he needs to wait and see June and July price data to know just how impactful and inflationary tariffs have been.
Staffing shortages, shrinking funding and decades of declining survey responses are testing an agency responsible for vital US economic data.