American economy

Inflation is down.  Here's what that means for your annual pay rise

Inflation is down. Here’s what that means for your annual pay rise

Fizz | Istock | Getty Images Inflation and annual salary are not in a one-to-one relationship. That became clear to many workers last year when their annual merit increases to wages and salaries were nowhere near four-decade highs for inflation. Many employees grumbled, even though the salary was increased by more than had been normal …

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Inflation pushes U.S. household spending up $433 per month on average, Moody's says

Inflation pushes U.S. household spending up $433 per month on average, Moody’s says

People shop at a grocery store on June 10, 2022 in New York City. Spencer Platt | Getty Images The average U.S. household is spending $433 more per month on the same goods and services than a year ago, according to Moody’s Analytics analysis of October inflation data. Although down slightly from the monthly figure …

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Railroad major union SMART-TD votes to reject labor deal as nationwide strike nears

Railroad major union SMART-TD votes to reject labor deal as nationwide strike nears

An aerial view of shipping containers and freight trains at the BNSF Los Angeles Intermodal Facility yard in Los Angeles, California, September 15, 2022. Bing Guan | Reuters SMART-TD, one of the largest railroad unions, rejected the tentative agreement with railroad management, raising the likelihood of a strike in December. BLET, the other largest union …

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Inflation is forcing restaurants and mom and pop chains like McDonald's to build on their strengths

Inflation is forcing restaurants and mom and pop chains like McDonald’s to build on their strengths

Customers at a McDonald’s restaurant Scott Mill | CNBC As the restaurant industry battles inflation, the chains’ large size and access to cash give them the upper hand, but independents have their own advantages when dealing with higher costs. Feeling the pressure on their budgets, consumers have reduced their frequentation of restaurants in recent months. …

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The global stock market rally may be about to meet the reality of recession

The global stock market rally may be about to meet the reality of recession

Specialist traders work inside a post on the floor of the New York Stock Exchange (NYSE) in New York City, November 10, 2022. Brendan Mcdermid | Reuters Global equity markets have rallied on hopes that central banks will soon begin to ease their aggressive interest rate hikes as inflation shows signs of peaking, but strategists …

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Here's why Home Depot and Lowe's are booming in a housing market meltdown

Here’s why Home Depot and Lowe’s are booming in a housing market meltdown

A home improvement contractor works on a home in Cambridge, Massachusetts. Suzanne Kreiter | The Boston Globe | Getty Images As the U.S. housing market falls hard from its pandemic-induced highs, home improvement retailers like Home deposit and Lowe’s doesn’t seem to feel the same pain. In fact, they’re doing better than expected. Although home …

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Here's why Home Depot and Lowe's are booming in a housing market meltdown

Here’s why Home Depot and Lowe’s are booming in a housing market meltdown

A home improvement contractor works on a home in Cambridge, Massachusetts. Suzanne Kreiter | The Boston Globe | Getty Images As the U.S. housing market falls hard from its pandemic-induced highs, home improvement retailers like Home deposit and Lowe’s doesn’t seem to feel the same pain. In fact, they’re doing better than expected. Although home …

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Here's why it may take a while for housing inflation to cool

Here’s why it may take a while for housing inflation to cool

An ‘open house’ flag is displayed outside a single family home on September 22, 2022 in Los Angeles, California. Dinner Allison | Getty Images There are signs that inflation could fall further in the coming months, but housing threatens to dampen any improvement. The consumer price index, a key barometer of inflation, rose 7.7% in …

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Canceled sailings from China and 'drastic' ship cuts affect US ability to reach export market

Canceled sailings from China and ‘drastic’ ship cuts affect US ability to reach export market

Shipping containers at a container terminal at the Port of Long Beach-Port of Los Angeles complex in Los Angeles, California on April 7, 2021. Lucy Nicholson | Reuters An increase in canceled or canceled departures from Asia to the United States is hitting some of the largest domestic ports, including the Port of Long Beach …

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