The cost of eggs stood out in Thursday's CPI report — rising 59.9% year-over-year and 11.1% month-over-month from November to December.This marked the largest monthly increase since April 2020 and the largest annual jump since September 1973, according to Steve Reed, an economist at the Bureau of Labor Statistics (BLS).Eggs, he said, single-handedly brought up … Read more
Now that inflation is cooling, with six straight months of moderating increases, all eyes are on the Federal Reserve’s next meeting, where officials will decide whether to further slow their interest rate hikes.Consumer prices fell 0.1 percent in December and rose 6.5 percent annually, according to the Labor Department’s consumer price index (CPI) released Thursday. That’s down from the 7.1 … Read more
First Bank of Florida has argued that South Dakota courts don’t have jurisdiction to uphold the bank’s guarantee of funding in a beef deal.First Bank issued letters guaranteeing financing for its Florida client who subsequently failed to pay for two shipments of cattle from a rancher in Claremont, S.D.A Fifth Circuit judge in Aberdeen denied … Read more
[1/2] People work on the trading floor at the global headquarters of Goldman Sachs investment banking firm at 200 West Street in New York City, U.S., January 11, 2023. REUTERS/Shannon StapletonSYDNEY/HONG KONG/LONDON, Jan 12 (Reuters) – Newly unemployed Goldman Sachs workers are tapping head-hunters after losing their jobs in its biggest restructuring since the 2008-9 financial … Read more
Embattled Massachusetts GOP Chairman Jim Lyons seems to have coordinated with an independent political action committee, in apparent violation of state campaign finance law, the state party treasurer told campaign finance regulators this week.Treasurer Pat Crowley told fellow Republicans Thursday that he believes Lyons improperly coordinated with an outside spending group, the Mass Freedom Independent … Read more
A woman kicked out her mother-in-law for cooking the wrong foods.She asked Reddit’s “Am I the A******? (AITA)” forum to weigh in. Her 10-year-old daughter Susie will eat anything besides mushrooms. Her mother-in-law lives with them and cooks dinner most nights for Susie. The poster and her husband work in the medical field and don’t … Read more
Get Fully Briefed with Yahoo Finance, delivered straight to your inbox.Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.This week, Natasha was joined by Mary Ann Azevedo and Rebecca Szkutak to talk about the latest and greatest in tech. Before we … Read more
The State Department will start spelling Turkey as “Türkiye” in diplomatic and formal settings. The name change was approved by the U.S. Board on Geographic Names following a request from the Turkish embassy, State Department spokesperson Ned Price confirmed on Thursday. The State Department, which handles America’s foreign policy, is the latest federal agency to … Read more
Nigel Yeates, Communications and Stakeholder Business Partner, speaks to Tom Lake, Director of Policy and Strategy at Fair4All Finance, about access to financial services and how to best serve customers in vulnerable circumstances.Please tell us about the mission and strategy of Fair4All Finance as an organisation and your role at the organisationWe want to make … Read more
Kids change their minds a lot, so it’s understandable parents might be nervous to lock away money in a college savings plan. After all, what if your child decides to skip college or drop out? That money could’ve been spent elsewhere. You can worry less now. That unused money earmarked for education can soon be rescued. “People with unused college … Read more