Consumer prices across the U.S. slowed their upward march last month, raising hopes that the fiercest inflation in 40 years may be easing. The consumer price index increased 7.7% over the 12 months ending in October, the Labor Department said Thursday — the lowest rate of inflation since January and …
Read More »
Exhilaration swept through Wall Street Thursday after a government report showed that U.S. inflation eased by even more than economists expected last month. The S&P 500 jumped 208 points, or 5.6%, to close at 3,956. The Dow rose 1,201 points, or 3.7%, to 33,715 and the tech-heavy Nasdaq surged 7.4%. Treasury …
Read More »
General Mills and Audi are the latest big advertisers to pause ads on Twitter as questions swirl about how the social media platform will operate under new owner Elon Musk. Spokesperson Kelsey Roemhildt on Thursday confirmed the move by the Minneapolis-based maker of food brands such as Cheerios and Annie’s …
Read More »
The IRS said this week it has hired an additional 4,000 customer service representatives who are being trained to answer taxpayer questions during the 2023 tax filing season. It’s part of the new hiring made possible when congressional Democrats gave the IRS an $80 billion boost in funding over the …
Read More »
With sky-high inflation still weighing on Americans’ pocketbooks as the holiday season approaches, a personal finance expert advises consumers to create a budget to avoid going into the hole. A good rule of thumb is to allocate 50% of your paycheck toward everyday needs and 30% toward discretionary items, while socking …
Read More »
A judge has halted Twitter’s lawsuit against Elon Musk until the end of the month, giving the Tesla CEO more time to close the planned $44 billion acquisition of the company. The judge in Delaware Chancery Court has paused the trial until 5 p.m. October 28. Musk made a renewed …
Read More »
A three-day walkout that shuttered most eateries at San Francisco International Airport is over, with a tentative contract reached giving raises and health care to about 1,000 workers. The strike ended Wednesday at midnight after a tentative deal offering was reached, with workers back on the job as of Thursday, …
Read More »
The National Transportation Safety Board is recommending that all new vehicles in the U.S. be required to have blood alcohol monitoring systems that can stop an intoxicated person from driving. The recommendation, if enacted by the National Highway Traffic Safety Administration, could reduce the number of alcohol-related crashes, one of …
Read More »
Americans are paying more than ever for turkey as a contagious virus leads to the destruction of millions of birds. The Highly Pathogenic Avian Influenza (HPAI) virus is helping drive the price of turkey — specifically white boneless breast meat — to record highs, even as the hottest inflation in 40 …
Read More »
Bank of America is launching a mortgage with no down payment or closing costs that aims to promote homeownership in minority communities in five U.S. cities. The new program is geared toward first-time homebuyers, including in designated neighborhoods in Charlotte, Dallas, Detroit, Los Angeles and Miami. Bank of America said …
Read More »