Alicia Summers
Consumer Sentiment Hits 5-Month High as Spending Rises – Here’s Why
Consumer sentiment has risen to 74, marking five consecutive months of improvement and reaching its highest level since April 2024.
Alicia Summers
Inflation Climbs To 2.7% Amid Rising Food And Gas Prices
Inflation rose for the second consecutive month in November, with the Consumer Price Index (CPI) showing a 2.7% annual increase—still above the Federal Reserve’s 2% target.
Biden-Harris
Goya CEO Bob Unanue Says ‘Latinos, Hispanic Community’ Is Fed Up With Exploitation, ‘Going Head Over Heels’ For Trump
Last week, Goya Foods CEO Robert “Bob” Unanue told “FOX & Friends” that a surge in Trump support among Hispanics and Latinos in general is being driven by increased expenses under the Biden-Harris administration.
Bluey Fire Truck
Target Slashing Prices On At Least 2K Items As Holiday Season Approaches
Target is slashing prices on over 2,000 items across different categories in a bid to offer more discounts to cash-strapped customers as the holiday season approaches.
automation
Over 45 Container Ships Stalled Outside U.S. Ports As ILA Strike Enters Third Day
At least 45 container vessels were anchored outside U.S. ports on Thursday as a massive strike by dockworkers stretching from Maine all the way to Texas entered its third day.
Alicia Summers
Core Wholesale Prices Rise in August; Fed Rate Cut Still Expected
The Labor Department’s August Producer Price Index shows a 0.2% increase in wholesale prices, meeting expectations, but core wholesale prices rose 0.3%, reversing a previous decrease.
Business
US business activity edges lower; pricing power ebbs further
U.S. business activity fell to a 4-month low in August and firms continued to struggle to pass on higher prices to consumers.
antitrust practices
US judge delays launch of sports streaming venture from Disney, media giants
A U.S. judge temporarily blocked the launch of a new sports streaming service backed by three media giants, Walt Disney, Fox and Warner Bros Discovery.
Drug
Comer: Best Way To Lower Drug Prices ‘Bust Up The PBMs’
In an exclusive interview, Congressman James Comer warns PBM’s, or pharmacy benefit managers, are creating less competition in the pharmacy industry and probably should be broken up to bring drug prices down.