Corporate profits have withstood raging inflation over much of the last year, but those good times may be ending. Profits stayed fat even as companies’ costs rose thanks to one simple trick: ...
Just days ago, the MSNBC anchor inadvertently stepped into a Twitter firing squad by trying to explain how higher wages are adding to the specter of inflation that’s haunting the U.S. economy.
Taxpayers will get fatter standard deductions for 2023 and all seven federal income tax bracket levels will be revised upward as the government allows people to shield more of their money from ...
The Producer Price Index dished up another nasty surprise, with the Services PPI leaping by 7.1% annualized, and with the Finished Goods PPI jumping by 4% annualized in January. During the current ...
While the White House lectures on the strength of the economy, Americans are drowning in credit-card debt, which hit a record high $1.13 trillion by the end of last year. Of course Americans are sour ...
This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. LOS ANGELES (AP) — Mortgage rates are ...
FILE - A display shows most indices up on the floor at the New York Stock Exchange in New York, Tuesday, Oct. 4, 2022. Corporate profits have withstood raging inflation over much of the last year, but ...