K-shaped economy is showing up at the gas pump: NY Fed
Low-income families are cutting back on gas as prices rise, while wealthier families are largely unaffected. Source link
May 2026
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Dunkin’ owner Inspire Brands confidentially files for IPO
A cup of coffee and strawberry frosted donut with sprinkles at a Dunkin’ Donuts location in Los Angeles, Sept. 6, 2017. Patrick T. Fallon | Bloomberg | Getty Images Dunkin’ and Buffalo Wild Wings owner Inspire Brands has confidentially filed for an initial public offering, the company announced on Friday. If Inspire goes public, it…
US Postal Service reports falling losses, revenue up
The United States Postal Service (USPS) on Friday reported a net loss of $2 billion in the second quarter of fiscal 2026, underscoring the service’s strained financial position despite higher revenues and declines in some operating costs. The agency reported total operating revenues of $20.2 billion for the quarter ended March 31… Source link
Micron surges nearly 38% on week as memory chip rally goes parabolic
The Micron Technology offices in San Jose, California, Dec. 16, 2025. David Paul Morris | Bloomberg | Getty Images Micron Technology shares caught fire this week amid a global shortage of memory chips, with momentum driving the stock on surging enthusiasm across the semiconductor sector. Shares surged more than 15% to close at $746.81 on…
Virginia Democrats ask state Supreme Court to halt redistricting ruling
Virginia Democrats on Friday asked the state Supreme Court to stay its decision that rejected last month’s referendum on redistricting in the commonwealth, signaling plans to appeal to the U.S. Supreme Court. State Speaker of the Virginia House of Representatives Don Scott (D) and others filed a joint resolution asking the state Supreme… Source link
The Federal Reserve is quickly running out of reasons to cut interest rates
If the Federal Reserve still has any reasons to cut interest rates in the near future, they’re getting harder and harder to find. Friday’s jobs report for April provided the latest evidence that the central bank’s larger concern isn’t a flagging labor market but rather a cost of living that is getting increasingly harder for…
US sending plane for Americans on hantavirus cruise ship
Click for more news from The Hill {Beacon} Health Care Health Care Big Story US sending plane to Americans on hantavirus cruise ship The US will send a charter flight to bring home the remaining 17 Americans aboard the Hantavirus-stricken MV Hondias cruise ship when it reaches the coast of Spain later this week. ©…