Federal Reserve officials grew more concerned at their most recent meeting about inflation, with members indicating that they lacked the confidence to move forward on interest rate reductions.
Category Archives: business
Target, McDonald’s and others are offering value as they lose ground with bargain hunters
Target’s weak quarterly earnings underscored why it cut prices on thousands of household staples: it’s struggling to win over bargain hunters.
Most Americans falsely think the U.S. is in recession, poll shows
More than half of Americans think that the United States is in an economic recession, although gross domestic product has been increasing for the past several years.
Fentanyl test strips are being used by drug dealers to advertise ‘clean pills’
Law enforcement officials warn that drug dealers now use fentanyl test strips on their pills and then post photos on social media to prove their drugs are “clean.”
Average U.S. vehicle age hits record 12.6 years as high prices force people to keep them longer
DETROIT — Cars, trucks and SUVs in the U.S. keep getting older, hitting a record average age of 12.6 years in 2024 as people hang on to their vehicles largely because new ones cost so much.
Amazon plans to give Alexa an AI overhaul — and a monthly subscription price
Amazon is upgrading its decade-old Alexa voice assistant with generative artificial intelligence and plans to charge a monthly subscription fee to offset the cost of the technology, according to people with knowledge of Amazon’s plans.
Home sales slipped unexpectedly in April despite big gains in supply
Sales of previously owned homes fell 1.9% in April from March to 4.1 million units, on a seasonally adjusted annualized basis, according to the National Association of Realtors.
Memorial Day sales kick off early: Where to find the best savings
The discounts for Memorial Day 2024 are already in full swing at major retailers across the country. NBC’s Christine Romans shares the best deals to lookout for from appliances to groceries and more.
Target says shoppers are buying fewer groceries and home goods
Target said Wednesday that its customers reduced spending on groceries and home goods as concern about high prices persisted last quarter.
Republican Vince Fong wins race to replace Kevin McCarthy, padding House GOP’s slim majority
Vince Fong won the California special election to fill former House Speaker Kevin McCarthy’s seat, a victory that will pad a narrow House GOP majority.