Inflation

Employers reported a seasonally adjusted 10.1 million job openings in April, up from from a revised 9.7 million in March. Employers reported a seasonally adjusted 10.1 million job openings in April, up from from a revised 9.7 million in March. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all…

An American Airlines plane takes off from the Miami International Airport on May 02, 2023 in Miami, Florida. Joe Raedle | Getty ImagesAmerican Airlines raised its adjusted earnings outlook for the second quarter thanks to strong travel demand and lower fuel prices.Adjusted per-share earnings will come in between $1.45 and $1.65, American estimated on Wednesday, up from a previous forecast of $1.20 to $1.40 per share. The Fort Worth, Texas-based airline said it's now expecting unit revenues in the three months ending June…

CLIMATEWIRE | Climate change is accelerating inflation in dozens of countries around the world, new research says. And the trend is expected to continue as the world heats up. So says a report published last week by the European Central Bank. The researchers set out to examine the impacts of global warming on inflation in 121 countries, and they found that higher than average temperatures are driving up the cost of food and other goods and services. The uptick in prices then ripples across the global economy. While…

A waitress delivers sushi orders at Masa Hibachi Steakhouse & Sushi in Silver Spring, Maryland.Bill O'Leary | The Washington Post | Getty ImagesWarmer weather usually boosts restaurant sales, but diners may hold back for the second straight summer as inflation weighs on consumers' minds — and wallets."I think operators are still hopeful for a good summer boon in foot traffic and sales ... but I think on the consumer side, they're more hesitant," said Huy Do, research and insights manager at market research firm…

The Federal Reserve’s interest-rate increases affect Europe’s economy as much as—or even more than—they do the U.S. The Federal Reserve’s interest-rate increases affect Europe’s economy as much as—or even more than—they do the U.S. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to…

Economists estimate that Americans increased consumer spending last month and that price increases remained elevated. Economists estimate that Americans increased consumer spending last month and that price increases remained elevated. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to…

Higher rates are likely to be warranted, even if the central bank foregoes a June hike, governor Christopher Waller says. Higher rates are likely to be warranted, even if the central bank foregoes a June hike, governor Christopher Waller says. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all…

Jeremy Hunt ruled out tax cuts in the near future as Britain grapples with decades-high rates of inflation, rising interest rates and slow growth that looks set to crimp government finances for years to come.  Jeremy Hunt ruled out tax cuts in the near future as Britain grapples with decades-high rates of inflation, rising interest rates and slow growth that looks set to crimp government finances for years to come.  FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender…

A former Fed chair and former IMF chief economist say it wasn’t the pandemic or the stimulus; it was the pandemic, then the stimulus. A former Fed chair and former IMF chief economist say it wasn’t the pandemic or the stimulus; it was the pandemic, then the stimulus. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their…

“Survival is an infinite capacity for suspicion,” goes the line from John Le Carre's classic Cold War-era novel Tinker, Tailor, Soldier, Spy. And right now, in the technology realm, China is fighting hard just to stay in the game.Three brief paragraphs posted by the Cyberspace Administration of China to its website on Sunday night outlined the latest round of digital paranoia between Beijing and Washington, with Boise-based Micron Technology Inc. the most-recent victim. “Micron products have relatively serious potential…