The so-called K-shaped economy is now linked to “a remarkable increase in food insecurity,” according to a new blog post by the Federal Reserve Bank of New York. Large segments of the population are facing high levels of financial strain, according to a post published on Wednesday, based on data from the Survey of Consumer Expectations. Among this…
Rep. Brian Fitzpatrick, R-Pa., talks with a reporter in the U.S. Capitol’s Statuary Hall on Friday, March 27, 2026. Tom Williams | CQ-Roll Call, Inc. | Getty Images Republicans have said for months that inflation is former President Joe Biden‘s problem. Now, they’re staring down the barrel of an inflation crisis of their own making…
A few months ago David Navazio, founder and CEO of medical supply company Gentell, had never heard of the Strait of Hormuz. But now, the narrow waterway thousands of miles away from the company’s headquarters in Yardley, Pennsylvania, is impacting the company’s operations in more ways than one. Chief among them is price, with Gentell…
Miodrag Ignjatovic | E+ | David Paul Morris | Bloomberg | Getty Images U.S. consumers will shell out more for everything from fuel to hot dogs and hamburgers heading into Memorial Day weekend as the Iran War reignites inflation. Total inflation for shoppers rose 3.8% in April from the same month a year ago, the…
The AvalonBay Communities Inc. Park Loggia condominium, center, is reflected in a building in New York, U.S. Mark Abramson | Bloomberg | Getty Images The biggest ever merger of real estate investment trusts — the combination of Equity Residential and AvalonBay, announced Thursday — has investors and analysts alike left with dropped jaws. The all-stock…
Consumer sentiment has tumbled to a fresh record low in May as fears of higher prices grow due to the U.S.-Iran war and elevated oil prices, the University of Michigan’s Surveys of Consumers said Friday. The index of consumer sentiment fell to 44.8 from a preliminary reading of 48.2. It’s also well below the 49.8…
Yields on U.S. Treasurys moved lower early on Wednesday, following a sharp sell-off across bond markets as inflation concerns continue to weigh on investor sentiment. The 10-year Treasury yield — the main benchmark for mortgages, auto loans and credit card debt — was just under 2 basis points lower in early trade at 4.653%. During Tuesday’s…
A Power of Siberia natural gas pipelines facility in Heihe, Heilongjiang province, China, on Tuesday, March 21, 2023. Bloomberg | Getty Images Russian President Vladimir Putin arrived in Beijing on Wednesday to meet Chinese leader Xi Jinping, with the long-stalled Power of Siberia 2 natural gas pipeline on the agenda, as the Iran war disrupts…
From the Dayton, Ohio, suburbs to boardrooms in Dallas, the employees fueling AT&T’s next wave of growth aren’t fresh-faced college graduates with expensive four-year degrees. They’re skilled, blue-collar workers ready to get their hands dirty — and AT&T can’t find enough of them. “We need people who know how to actually work with electricity. We…
US Secretary of the Treasury Scott Bessent arrives at meeting of G7 Finance Ministers and Central Bank Governors in preparation for the summit of heads of State and government to be held in June 2026 in Evian, in Paris on May 18, 2026. Julien De Rosa | Afp | Getty Images Treasury Secretary Scott Bessent…
