A version of this story appears in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. CNN — Americans today need to realize that efforts to tame runaway inflation, while arguably necessary, have real consequences that can hurt. A lot. There was a time not too long ago when: […]
Continue ReadingRenting a 50 inch TV or faux leather couch doesn’t appear to be top of mind with lower income consumers as inflation for everything eats into budgets. Shares of home goods rental outfit The Aaron’s Company crashed more than 25% pre-market on Tuesday after the company became the latest retailer to offer horrid guidance. The […]
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WASHINGTON (AP) — The U.S. economy is caught in an awkward, painful place. A confusing one, too. Growth appears to be sputtering, home sales are tumbling and economists warn of a potential recession ahead. But consumers are still spending, businesses keep posting profits and the economy keeps adding hundreds of thousands of jobs each month. […]
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Editor’s Note: This story was adapted from the July 25 edition of CNN’s Meanwhile in America, the daily email about US politics for global readers. Click here to read past editions and subscribe. CNN — Every week is a tough week for this White House right now. But as he recovers from his Covid-19 infection, […]
Continue ReadingI used to be able to fill up my gas tank for $40. Now it costs $90. I’m anxious about inflation, but these 5 apps help me keep my spending in check. I set a 10-minute time limit for food delivery apps like Postmates to curb spending on takeout. Loading Something is loading. The US […]
Continue ReadingFrom oil to metals to wheat, prices for natural resources have started to slide from this year’s highs, stirring hopes that inflationary pressures might be starting to ease. “You are seeing relief, which should also support some of that cost pressure [coming down]. So I do think there’s some hope on the horizon,” Mastercard U.S. […]
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Beazley’s recently released report shares top geopolitical risks that businesses are currently facing. Global events in 2022 have significantly altered business leaders’ perceptions of the geopolitical risks they face. Similar concerns are expressed over the businesses’ ability to respond to those risks, which has fallen dramatically since 2021. So says a Risk & Resilience report […]
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