Crippling high beef prices are being felt by everyone. Tyson Foods , for example, announced plans last month to close its beef plant in Lexington, Nebraska. Roughly 3,200 workers will lose their jobs at what had long been the area’s largest employer. The Wall Street Journal on Tuesday ran a sobering story about the ripple…
National Economic Council Director Kevin Hassett said Tuesday that the Federal Reserve is not cutting interest rates quickly enough, even though the U.S. economy grew at a much faster-than-expected pace in the third quarter. Hassett, a leading contender to succeed Federal Reserve Chair Jerome Powell when his term ends in May, said the artificial intelligence…
U.S. shoppers are willing to spend this holiday season — despite falling consumer confidence and anxiety over prices — but only if the deals are there, Tanger CEO Stephen Yalof told CNBC on Tuesday. “Retailers are discounting to meet the consumer, and the consumer is responding by shopping,” Yalof said on CNBC’s “Money Movers.” Yalof said…
Bob Newhart and Will Ferrell star in “Elf.” Warner Bros. In the 2003 movie “Elf,” the lead character Buddy discovers he is human, though he has spent his life raised by elves. He travels to New York City to find his real family, including his father who shares an Upper West Side apartment with his…
New York Federal Reserve President John Williams said Friday that “technical factors” likely distorted November’s inflation data, pushing the headline reading lower than it otherwise would have been. “There were some special factors or practical factors that really are related to the fact that they weren’t able to collect data in October and not in…
President Donald Trump addresses the nation from the Diplomatic Reception Room of the White House in Washington, Dec. 17, 2025. Doug Mills | Afp | Getty Images Read more CNBC personal finance coverage Trump’s address comes amid the president’s falling approval ratings on inflation and the cost of living, according to the CNBC All-America Economic…
Thursday saw the release of a much lighter-than-expected consumer price report for November, breaking from the recent trend of sticky inflation. Stocks jumped. Yields fell. Odds of a Federal Reserve rate increased. And many economists scratched their heads. The Bureau of Labor Statistics reported that the consumer price index had an annual inflation rate of…
People shop at a grocery store in Brooklyn on Dec. 12, 2025 in New York City. Spencer Platt | Getty Images Wall Street is awaiting Thursday’s release of the November consumer price index report, as it will mark the first reading for the period since the record-setting U.S. government shutdown ended last month. According to…
Consumers are still dining out, but instead of higher-priced entrees, many are ordering more appetizers. As food inflation and affordability dominates the conversation about the U.S. consumer, new restaurant purchasing data shows even among Americans who are going to restaurants, many are in the mindset of cutting back. “Appetizer orders are up 20% year over…
Shoppers purchase groceries at the upscale LuLu Hypermarket located in the Lulu International Shopping Mall in Kerala, India, on May 25, 2022. Nurphoto | Nurphoto | Getty Images India’s consumer inflation rose to 0.71% in November, accelerating from an all-time low of 0.25% in the prior month. The headline inflation number was in line with…
