Inflation
Outdoor cooking boomed during the pandemic, and Weber, Traeger and the grilling industry think it will stay hot
Grilling caught fire amid the pandemic as stuck-at-home consumers searched for new ways to cook meals, as well as entertain and host family and friends safely outdoors. But while there are plenty of signs that the outdoor cooking craze is here to stay, inflation, market saturation, and supply chain challenges are threatening to lower the […]
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Some experts say a recession is coming. Here’s how to prepare your portfolio
Phonlamaiphoto | Istock | Getty Images Months of stock market volatility, surging inflation and rising interest rates have left many investors wondering if a recession is coming. The stock market tumbled again on Thursday, with the S&P 500 capping its worst six-month start to a year since 1970. In all, it’s down more than 20% […]
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10-year Treasury yield falls to lowest level since May
U.S. Treasury yields fell Friday as recession fears and disappointing economic data left investors looking for safety. The yield on the benchmark 10-year Treasury note traded lower by 8 basis points at 2.889%, near its lowest level since late May. Meanwhile, the yield on the 30-year Treasury bond slid less than 1 basis point to […]
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Atlanta Fed GDP tracker shows the U.S. economy is likely in a recession
Federal Reserve Chair Jerome Powell reacts as he testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing on the “Semiannual Monetary Policy Report to the Congress”, on Capitol Hill in Washington, D.C., U.S., June 22, 2022. Elizabeth Frantz | Reuters A Federal Reserve tracker of economic growth is pointing to an increased chance […]
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Here’s what you need to know if you’re traveling for the Fourth of July
NBC’s Tom Costello joins ‘Squawk Box’ to break down how much Americans can expect to spend on travel over the holiday weekend amid higher energy prices. Source
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Euro zone inflation hits record 8.6% as the European Central Bank prepares for its first rate hike in 11 years
The ECB has announced it will be hiking rates in July and September to counter record inflation. Daniel Roland | Afp | Getty Images Euro zone inflation reached a new record high in June just ahead of the European Central Bank’s first rate increase in 11 years. Headline inflation came in at 8.6% (year-on-year) for […]
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The market’s worst first half in 50 years has all come down to one thing
Traders on the floor of the NYSE, June 29, 2022. Source: NYSE A multitude of factors conspired to generate the stock market’s worst first-half since 1970, but they all emanated from one word: Inflation. The cost of living started the year running at levels the U.S. had not seen since the early 1980s. Worse, Federal […]
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Fed’s preferred inflation measure rose 4.7% in May, around multi-decade highs
A customer counts his cash at the register while purchasing an item at a Best Buy store in Flushing, New York. Jessica Rinaldi | Reuters Inflation held at stubbornly high levels in May, though the monthly increased was slightly less than expected, according to a Commerce Department gauge closely watched by the Federal Reserve. Core […]
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Inflation is making Fourth of July celebrations more expensive than ever
Fotografia Inc. | E+ | Getty Images Nothing says Independence Day like a good, old-fashioned barbecue. In keeping with tradition, most Americans — roughly 60% — plan to grill this weekend, and 53% will get together with friends and family, according to a recent report by market research firm Numerator. “Consumers want to celebrate this summer […]
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IMF-Sri Lanka bailout talks end without a deal
Sri Lanka is facing its worst financial crisis since independence in 1948, which has left it struggling to pay for essential imports and forced it to default on some foreign debt. Serhej Calka | Istock | Getty Images The International Monetary Fund has ended talks with Sri Lanka, failing to conclude a deal for a […]
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