inflation

Corporate profits hit record high in third quarter amid 40-year high inflation

Corporate profits hit record high in third quarter amid 40-year high inflation

Corporate profits in the non-financial sector hit a record high of $2.08 trillion in the third quarter, even as inflation, at a 40-year high, continues to weigh on US consumers. Inventory and capital consumption-adjusted profits rose $6.1 trillion between the fiscal second and third quarters, the Commerce Department reported Wednesday, continuing a meteoric recovery from …

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Economists say rampant retail theft is worsening inflation and threatening bleeding businesses

Economists say rampant retail theft is worsening inflation and threatening bleeding businesses

The upsurge in organized retail theft will shutter storefronts and further increase costs for consumers already struggling with high inflation, economists at the Heritage Foundation have said. “If businesses can’t raise their costs to cover the cost of the flight, if they don’t make a profit, then they’re going to shut down,” said Andrew Puzder, …

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Not having an emergency fund can lead to one of the biggest financial mistakes, says Suze Orman.  How Congress can help

Not having an emergency fund can lead to one of the biggest financial mistakes, says Suze Orman. How Congress can help

Suze Orman speaks during AOL’s BUILD Speaker Series at AOL Studios in New York City. jenny anderson | WireImage | Getty Images If your car breaks down or you have an unexpected medical bill, it can be difficult to find the money to cover expenses. In a pinch, it can be tempting to withdraw money …

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The transitory discourse on inflation is back.  But economists say higher prices are here to stay

The transitory discourse on inflation is back. But economists say higher prices are here to stay

Fruit and vegetable prices are displayed at a store in Brooklyn, New York, March 29, 2022. andrew kelly | Reuters Global markets have been encouraged in recent weeks by data indicating that inflation may have peaked, but economists are warning of a return to the “transitional” inflation narrative. Stocks rebounded when the U.S. Consumer Price …

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The mystery of rising prices.  Are greedy corporations responsible for inflation?

The mystery of rising prices. Are greedy corporations responsible for inflation?

Who is responsible for inflation? Some say greedy corporations are the culprits. Peter Ruck/BIPs/Getty Images hide caption toggle caption Peter Ruck/BIPs/Getty Images Who is responsible for inflation? Some say greedy corporations are the culprits. Peter Ruck/BIPs/Getty Images Everyone agrees that inflation is happening. What they don’t agree on is whodunit. The most recent figures show …

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Futures: what to do before inflation data, Powell's speech

Futures: what to do before inflation data, Powell’s speech

Dow Jones futures were higher ahead of Tuesday’s open after the Dow Jones Industrial Average sold nearly 500 points on Monday. Investors will soon turn their attention to Wednesday’s speech from Fed Chairman Jerome Powell, as key inflation data is due out on Thursday. X Monday’s stock market weakness was due to a combination of …

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Fed will likely need to keep interest rates above 5% through 2024 to successfully control inflation, says Bullard

Fed will likely need to keep interest rates above 5% through 2024 to successfully control inflation, says Bullard

The Federal Reserve will likely need to keep its benchmark policy rate north of 5% for most of 2023 and into 2024 to successfully control inflation, St. Louis Fed Chairman James Bullard said. during an interview with MarketWatch. “I think we’ll have to stay there through 2023 and into 2024,” Bullard told MarketWatch economics editor …

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So when can we expect to see the House Republican inflation plan?

So when can we expect to see the House Republican inflation plan?

When can we expect to see the House Republican inflation plan? It was the number one issue we heard about throughout the 2022 campaign, and rightly so: the rising cost of living is a major issue for most Americans, especially the broader middle class. , whose salaries did not follow. Republicans ran on the proposition …

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