NEW YORK — Black Friday marks a return to familiar holiday shopping patterns, but inflation is weighing on consumers. Elevated prices for food, rent, gasoline and other household costs have taken a toll on shoppers. As a result, many are reluctant to spend unless there is a big sale and are being more selective with what they will buy — […]

BEIJING (Reuters) – China will use timely cuts in banks’ reserve requirement ratio (RRR), alongside other monetary policy tools, to keep liquidity reasonably ample, state media on Wednesday quoted a cabinet meeting as saying.Slideshow ( 3 images )Hurt by COVID-19 restrictions and a sharp property downturn, China’s economy has been struggling to get back on its feet, even after a […]

The proposed $25 billion merger between Kroger — the parent company of Colorado’s largest retail grocery chain, King Soopers — and Albertsons, which operates Safeway, is raising questions about whether the state’s shoppers will ultimately benefit. Government officials, academics and union representatives fear a future with climbing costs, more food deserts throughout the state and farmers receiving unfair prices. But […]

Starbucks workers at more than 100 U.S. stores, including four in Colorado, went on strike Thursday in their largest labor action since a campaign to unionize the company’s stores began late last year. The walkouts coincide with Starbucks’ annual Red Cup Day, when the company gives free reusable cups to customers who order a holiday drink. Workers say it’s often […]

With financial markets falling this year and investors getting nervous about when a recovery will arrive, you often hear investors say, “just stay the course because, in the long run, markets recover.” That has been true historically and there is good reason to believe it will remain true. Basically, given enough time, financial markets recover. But how much time is […]

Trading in shares of Twitter was halted after the stock spiked on reports that Elon Musk would proceed with his $44 billion deal to buy the company after months of legal battles. For a second time, Musk offered to buy the San Francisco company at $54.20. Twitter’s stock jumped nearly 13% to $47.93 before trading stopped on the New York […]

BENGALURU (Reuters) – The Federal Reserve will hike its key interest rate to a much higher peak than predicted two weeks ago and the risks are skewed towards an even higher terminal rate, according to economists polled by Reuters.FILE PHOTO: The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022. […]

The S&P 500 fell 2 percent, putting the index on track for a second consecutive weekly decline, and the yield on the 10-year Treasury note, a benchmark for borrowing costs, rose slightly. Send any friend a story As a subscriber, you have 10 gift articles to give each month. Anyone can read what you share. This article is part of […]

In some corners of the market, investors just don’t see how the Federal Reserve can lower inflation without risking high unemployment. Send any friend a story As a subscriber, you have 10 gift articles to give each month. Anyone can read what you share. This article is part of our Daily Business Briefing By Joe Rennison At the Federal Reserve’s […]

BEIJING (Reuters) -China’s consumer prices rose at a slower-than-expected pace in August amid heatwaves and COVID-19 flare-ups, while producer inflation eased to the lowest since February 2021, official data showed.FILE PHOTO: People walk along Nanjing Pedestrian Road, a main shopping area, in Shanghai, China May 5, 2021. REUTERS/Aly Song/File PhotoThe consumer price index (CPI) increased 2.5% year-on-year from a 2.7% […]