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Consumer sentiment takes a tumble
Consumer spending fell in early August, according to preliminary results from the University of Michigan’s survey. July retail sales were down, and t…
2 weeks ago
Retail feels the squeeze
In the Commerce Department’s retail sales report for July, sales at stores of all kinds were down 0.6%, when a modest increase in sales had been expe…
2 weeks, 3 days ago
Long-term bond yields hit a long-term high
The government is selling 30-year bonds with interest rates at a quarter-century high. We talk with Greg Ip at the Wall Street Journal about how that…
2 weeks, 4 days ago
Steep inflation, meet slow wage growth
The average household’s buying power has slipped by about 0.1%, when the latest CPI report is compared to last week’s jobs numbers. In layman’s terms…
2 weeks, 5 days ago
Credit card delinquencies climb
Credit card delinquencies are sitting at 13% so far this year. It’s the highest national rate since the tail-end of the Great Recession. The aftermat…
2 weeks, 6 days ago
Whoosh, there go our wage gains
More bad news from last week’s jobs report: Wage growth slowed to 3.2%, the lowest yearly rate in five years. Combine that with high inflation, and c…
3 weeks ago
Job losses reveal a shakier labor market
The July jobs report is out, and it’s a doozy: The U.S. labor market shed a net 23,000 jobs last month. Previous months, which saw moderate gains, we…
3 weeks, 3 days ago
Should there be an oil export ban?
As high gas costs pile up for drivers, Big Oil is getting jumpy. That’s because one way to bring prices down, at least temporarily, is an oil export …
3 weeks, 4 days ago
Want a raise? You might have to find a new job
You know how wages have, on average, stagnated when you account for inflation? Well there’s one group that saw some actual wage growth last month: Jo…
3 weeks, 5 days ago
Manufacturing boomed in July. Thank all that AI money
In July, the manufacturing sector grew at its fastest month-to-month rate in four years. A new tax law likely boosted company spending to some degree…
3 weeks, 6 days ago