Here’s the deflation breakdown for July 2024 — in one chart

Here’s the deflation breakdown for July 2024 — in one chart


Key Points
  • The inflation rate has throttled back significantly from its pandemic-era highs.
  • Some areas of the U.S. economy have experienced deflation. Their prices have declined.
  • They include prices for physical goods like cars and trucks, clothing, furniture, as well as other categories like airline fares and some food items.



Source

When it comes to saving, Gen Z asks: ‘What’s the point?’ That’s dangerous, expert says
Finance

When it comes to saving, Gen Z asks: ‘What’s the point?’ That’s dangerous, expert says

FA Playbook When it comes to saving, Gen Z asks: ‘What’s the point?’ That’s dangerous, expert says Published Sat, Jun 7 20256:15 AM EDT Greg Iacurci@GregIacurci WATCH LIVE Source

Read More
Stocks making the biggest moves midday: Petco Health, Tesla, Circle, Lululemon & more
Finance

Stocks making the biggest moves midday: Petco Health, Tesla, Circle, Lululemon & more

Check out the companies making the biggest moves midday: Petco Health — The retailer slumped 22% after losing 4 cents per share in the fiscal first quarter, twice the 2-cent loss that analysts had estimated, based on FactSet data. Revenue of $1.49 billion missed the Street’s $1.50 billion consensus, while same-store sales dropped 1.3%, worse […]

Read More
Swiss government proposes tough new capital rules in major blow to UBS
Finance

Swiss government proposes tough new capital rules in major blow to UBS

Key Points The Swiss government proposed strict new capital rules that would require banking giant UBS to hold an additional $26 billion in core capital. The measures would also mean that UBS will need to fully capitalize its foreign units and carry out fewer share buybacks. The Swiss National Bank said it supported the measures […]

Read More