When Alina McKnight’s middle daughter was experiencing a lack of motivation and mental health issues during the pandemic, her mother spent a little extra money on a new outfit. In that outfit, she aced an interview for a tutoring gig. “Those two hours after school as a tutor, she’s able […]
Durable goods orders decreased in February following four consecutive months of increases, which is likely due to the lingering effects of the omicron variant, but experts say there’s no cause for concern, yet. New orders for durable goods – products that have a lifespan of three years or more – […]
Retail sales rose modestly last month as Americans continued to worry about inflation and rising food and gas costs. February retail sales were up 0.3 percent from January, the Census Bureau reported Wednesday. But the most surprising figure was revised January sales, which increased to 4.9 percent from 3.8. And […]
An unexpected cross-country trip wasn’t something Jenavy Castro-Hernandez thought she and seven other family members would be doing, but when her uncle’s job sent him to New York, they packed their things, ready to meet him there by March 14. Arranging five children and three adults into her aunt’s old […]
U.S. inflation worsened in February, rising to a 40-year high, and it could accelerate as geopolitical conflict in Eastern Europe threatens to disrupt the global economy. The annual inflation rate rose to 7.9% last month, the Bureau of Labor Statistics said Thursday. Its Consumer Price Index, which tracks price movements […]
Inflation hit historic highs last month as lingering supply chain issues and global tensions over Russia’s war with Ukraine dashed policymakers’ hopes that consumer prices would moderate. The Consumer Price Index (CPI) climbed 7.9% in the 12 months through February — the fastest rise in year-over-year inflation since 1982. The […]
The U.S. trade deficit swelled to a record high at the start of 2022, the latest sign that American demand for foreign-made goods has continued to sharply outpace shipments abroad. The trade deficit in goods and services rose by $7.7 billion, or 9.4%, to $89.7 billion in January, according to […]
Americans went on a spending spree in January despite a wave of Coronavirus cases, indicating strong economic recovery as the pandemic recedes. Spending on goods and services rose by 2.1% during the first month of 2022, the first uptick of that measure since October, the Commerce Department reported Friday. Consumer […]
Durable goods orders increased in January showing the economy’s resilience, despite global supply chain snafus and the third year of the COVID-19 pandemic approaching. New orders for durable goods – products that last for three years or more – rose 1.6 percent. This is the eighth increase over the last […]
Low inventory and high demand fueled historic gains for the real estate market in 2021. Nationwide home prices increased 18.8% from December 2020 to December 2021, according to the S&P CoreLogic Case-Shiller housing index. The gain is the highest in the index’s 34-year history and surpasses 2020’s 10.4% increase. Home […]
