The Good Brigade | Digitalvision | Getty Images A new legislative package signed into law by President Joe Biden on Tuesday is a big win for Medicare patients who struggle to cover the cost of insulin...
Tag: Inflation
Biden signs Inflation Reduction Act into law, setting 15% minimum corporate tax rate
After more than a year of debate over costs, taxes, tax credits and regulations, President Joe Biden finally signed his sweeping tax, health and climate bill into law — albeit a significantly reduced ...
Financing a new car? How much you can save with excellent credit score
By now, you probably know that prices for new cars have been climbing at a brisk pace, along with many other consumer goods, in the midst of high inflation. The average cost of a car is an estimated $...
Inflation risks are still high according to JP Morgan
The latest US inflation bulletin showed the first encouraging data with the first tentative sign of inflation slowing down in the US, but according to JP Morgan, there are still risks. Inflation repor...
Biden will sign the Inflation Reduction Act today. Here’s MarketWatch’s rundown of how it will affect your energy bills, investments and drug costs.
President Joe Biden on Tuesday is scheduled to sign into law the Inflation Reduction Act — the Democrats’ big economic package aimed at addressing climate change, capping drug costs and raising hundre...
All the reasons a dozen eggs now costs up to 38% more than one year ago
Why are eggs so expensive now? Grocery prices continued to soar in July despite slower inflation overall, and eggs were among the foods experiencing the biggest increases. The average price of a doze...
Home Depot Blasts Q2 Profit Forecasts Amid Home Improvement Surge
Updated at 6:25 am EST Home Depot (HD) posted better-than-expected second quarter earnings Tuesday, while reiterating its full-year profit forecast, as the retailer saw an unexpected surge in home i...
Latest Ghana Inflation Rate the Highest in 19 Years — Economist Recommends Installation of Currency Board – Economics Bitcoin News
Ghana’s ongoing economic woes appeared to worsen in July after data from the country’s statistical agency, Ghana Statistical Service, suggested that the inflation rate is now nearly 31.7%. The nearly ...
Stores, suppliers fight over price hikes as inflation squeezes shoppers
A woman shops in a supermarket as rising inflation affects consumer prices in Los Angeles, California, June 13, 2022. Lucy Nicholson | Reuters Long before shoppers fill up their carts with hot dogs or...
Financing pushes monthly cost of new cars to record $702
Skynesher | E+ | Getty Images Why drivers are spending more to buy a new vehicle The average new-car transaction in July was $45,869, according to the J.D. Power/LMC Automotive forecast. That’s ...
Business travel spending might not return to pre-Covid levels until 2026
Lighted tunnel in the United Airlines terminal, O’Hare International Airport, Chicago Illinois. Andrew Woodley | Universal Images Group via Getty Images Business travel spending might not recove...
U.S. freight rates have peaked, another signal inflation is easing
Trucks at the entrance to the Port of Oakland in Oakland, California, US, on Thursday, July 14, 2022. David Paul Morris | Bloomberg | Getty Images U.S. freight rates increased 28% year over year, but ...
Roubini Sees Either US Hard Landing or Uncontrolled Inflation
(Bloomberg) — Economist Nouriel Roubini said there are two options for the US economy, given the Federal Reserve’s most-aggressive tightening campaign in decades: an economic hard landing or inf...
Premium products take priority as companies battle cost-of-living
“As we create more premium beverages, it becomes more difficult for customers to replicate it at home and we think that helps with the concept of trade down,” Starbucks CFO Rachel Ruggeri ...
The other reason why food prices are rising
The United Nations’ worst-case scenario calculation is that global food prices will rise by an additional 8.5% by 2027. More expensive fertilizers are contributed to those higher costs, with som...
Fed Still Has A ‘Long Way To Go’ As It Tries To Tame Inflation Without Causing A Recession, Goldman Predicts
Topline While the Federal Reserve has made progress cooling the economy, there has still been “little convincing progress” in bringing down wage growth and high inflation, according to analysts at Gol...
Goldman sees a ‘feasible but difficult path’ for the Fed to defeat inflation without a recession
Construction workers outside the Marriner S. Eccles Federal Reserve Building, photographed on Wednesday, July 27, 2022 in Washington, DC. Kent Nishimura | Los Angeles Times | Getty Images The Federal ...
This was a good week for inflation numbers, but whether it can last is the big question
Gas station prices are seen in Bethesda, Maryland on August 11, 2022. Mandel Ngan | AFP | Getty Images There was more good news Friday for inflation, as import prices fell more than expected and broug...
Report Shows Crypto Assets Record Steady Growth As Inflation Lowers
The United States’ newest release on its inflation rate for July has created a celebration reason for many, especially the crypto sector. According to the Department of Labor publication, the July cus...
GBP/USD forecast ahead of UK inflation and FOMC minutes
The GBP/USD price pulled back on Monday as investors prepared for a relatively busy week. The pair dropped to a low of 1.2100, which was slightly below last week’s high of 1.2277. The price is about 2...
Inflation Reduction Act would send $80 billion to the IRS. Tax experts say it may not be enough to help the backlogged agency.
For roughly a year, Jonathan Baer watched a paper folder full of tax-related paperwork slowly grow as he chronicled his effort to claim his 2020 tax refund. The attempts included upwards of 40 phone c...
Inflation Rate in Spain and France Reaches Four-Decade High
The U.S might have gotten a break from the rising interest rate however everywhere else things are still the same. On the contrary, the inflation rate rose to a new high in four decades. Though both t...
How to Hedge Against Inflation with Polygon and Youniverze
Place/Date: – August 14th, 2022 at 4:19 pm UTC · 4 min read Source: Youniverze Further Uncertainty in the Market to Persist Last week it was reported that inflation figures in the UK could hit 1...
Energy Provisions In The Inflation Reduction Act
US Speaker of the House Nancy Pelosi (D-CA) poses with lawmakers after signing the Inflation … [+] Reduction Act after the House of Representatives voted 220-207 to pass it at the US Capitol in ...
Funding Rounds for ReadON, Play Zap Games, Recent Inflation Statistics Revealed – crypto.news
Funding continued recently with ReadON and Play Zap Games announcing the completion of investment rounds. Inflation rates in US and Germany dropped, while Spain saw increased rates. ReadON Closes Fun...
Binance Executive Says Retail Investors Flocking to Bitcoin (BTC) and Crypto Amid Rampant Inflation: Report
A top executive of the world’s largest crypto exchange platform by trading volume is reportedly saying that retail investors are buying up crypto assets as inflation continues to ravage the global eco...
US Inflation Forecasts Marked Higher for 2023, Survey Shows
(Bloomberg) — Economists boosted their inflation estimates for each quarter in 2023, a potentially worrying sign for Federal Reserve policy makers trying to keep price expectations anchored. Mos...
Warren Buffett says these are the best stocks to own when inflation spikes — with consumer prices now at a white-hot 8.5%, it’s time to follow his lead
Warren Buffett says these are the best stocks to own when inflation spikes — with consumer prices now at a white-hot 8.5%, it’s time to follow his lead Price levels are on the rise. In July, U.S...
Spain and France’s Inflation Rate Highest in Four Decades
The inflation rate may have slowed in the US, but elsewhere, it’s a different story. In fact, both France’s and Spain’s inflation rate has increased to a level not seen in almost four decades. Officia...
Coinbase posts $1.1B loss, Polygon dApps rocket 400% in 2022 and Elon Musk says inflation is on the decline: Hodler’s Digest, Aug 7-13
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, pr...
House passes Inflation Reduction Act: What Democrats’ bill does for climate, drug prices and taxes
Democrats’ Inflation Reduction Act passed the House of Representatives in a 220-207 vote on Friday after clearing the Senate last weekend, and with it, some big changes could be coming to key sectors ...