With U.S. inflation easing for two consecutive months, older Americans and other Social Security recipients may see a smaller cost-of-living adjustment for 2027 than was forecast earlier this year, according to two new estimates published Wednesday. The 2027 COLA is now projected at 3.6%, based on the July Consumer Price Index figures released on Wednesday,…
Trump Media & Technology Group is aiming to energize growth by selling faster access to President Trump’s Truth Social posts for up to $100,000 a month. CEO Kevin McGurn told investors on Monday that the company has signed up “more than 10” customers for its Truth API, or Application Programming Interface, data feed, which he…
What a difference a day can make for monetary policy. On Thursday, interest rate futures were decidedly tilted toward the Federal Reserve hiking its benchmark rate in September, according to CME FedWatch, which tracks traders to forecast the central bank’s policy decisions. But after Friday morning’s dismal July jobs report, which showed that employers unexpectedly…
The U.S. stock market approached record highs on Tuesday after Treasury Secretary Scott Bessent said a deal to reopen the Strait of Hormuz could be reached within days. Investors were also cheered by strong corporate profits, with companies ranging from equipment maker Caterpillar to software company Palantir Technologies reporting second-quarter results that exceeded analysts’ expectations. …
The Pakistan Stock Exchange (PSX) opened the week in the green on Monday, gaining more than 2,100 points to close above the 178,000 mark. The development came as global oil prices tumbled on Monday, after United States President Donald Trump said fresh talks with Iran would begin later in the day. At 11am, the benchmark…
The Pakistan Stock Exchange (PSX) opened the week in the green, gaining more than 2,000 points during intraday trade. At 11am, the benchmark KSE-100 index had gained 2273.78 points, from the previous close of 176,094.11 points. The development came as global oil prices tumbled on Monday as Donald Trump said fresh talks with Iran will…
The Consumer Price Index rose 2.4% in January from a year ago, below economists’ forecasts and a sign that price pressures across the U.S. are easing. By the numbers The CPI was expected to rise 2.5% on an annual basis last month, according to economists polled by financial data firm FactSet. The January CPI represents…
The Consumer Price Index rose at an annual rate of 2.4% in February, unchanged from the prior month and representing a cooler pace than economists had forecast. The Labor Department data captures the period before the Iran war broke out in late February. Since then, oil prices have surged, driving inflation concerns among investors. “Inflation was starting to ease in…
Inflation across the U.S. accelerated in May as the shock to global energy supplies from the Iran war continued to push prices higher. The Consumer Price Index rose at an annual rate of 4.2%, up from 3.8% in the prior month and marking the highest level since April 2023. By the numbers Economists polled by financial…
As back-to-school season approaches, families will face higher prices for supplies and other costs for the upcoming academic year, a new analysis found. The cost of a typical basket of school items, including notebooks, lunch boxes and index cards, is up nearly 8% this year compared to 2025, according to research from The Century Foundation, a…
