The numbers Recent data reveals that the number of Americans applying for unemployment reached a nearly three-month high of 224,000 by the end of January. While this may indicate a slight softening in the robust labor market, it is important to note that the initial jobless claims increased by 9,000 in the seven days ending January 27, up from 215,000 in the previous week. … [Read more...] about Recent data reveals increase in jobless claims and potential impact on labor market
economy
The Latest Inflation Reading Disappoints Hopeful Investors
The latest inflation reading is set to disappoint investors looking for evidence that the Federal Reserve will start cutting interest rates as early as March. Inflation on the Rise Despite the recent plummet in gasoline prices, Thursday’s Consumer Price Index report is expected to show headline inflation rose 3.2% year over year in December, according to economists surveyed by … [Read more...] about The Latest Inflation Reading Disappoints Hopeful Investors
Disinflation Trend Persists, New Measures of Inflation Show
The latest gross domestic product report, released on Thursday, highlighted two new measures of inflation that support the continuation of the disinflation trend. The Commerce Department, in response to user requests, broke down the price indexes for Personal Consumption Expenditures (PCE) excluding food, energy, and housing, as well as PCE services excluding energy and … [Read more...] about Disinflation Trend Persists, New Measures of Inflation Show
Inflation Woes for Senior Citizens
The latest inflation figures from the United States government are cause for concern, particularly for senior citizens. Social Security beneficiaries will only receive a 3.2% cost-of-living adjustment to their monthly checks starting in January, according to the program's administrators. This means that retired workers, who receive an average monthly check of $1,840, will only … [Read more...] about Inflation Woes for Senior Citizens
Apple Faces Challenging Times Ahead
Apple Inc. is entering a critical period as it approaches its next earnings report, according to analyst Brian White. In a report to clients, White highlighted several factors that could negatively impact iPhone trends, including a struggling economy, increased competition from Huawei, and a saturated smartphone market. These factors, combined with only incremental updates to … [Read more...] about Apple Faces Challenging Times Ahead
