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inflation

Peloton CEO steps down as fitness company announces 15% cut to global workforce

by Walter Watson
Peloton CEO steps down as fitness company announces 15% cut to global workforce

Peloton CEO Barry McCarthy is stepping down, the company said on Thursday, as it announced a 15 per cent cut to its global workforce due to a post-pandemic slump in demand …

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Online pharmacies slash price of weight-loss jabs Wegovy and Mounjaro – as doctors warn of dangers

by Akin Smith
Online pharmacies slash price of weight-loss jabs Wegovy and Mounjaro – as doctors warn of dangers

Weight loss jabs are a hot media topic at the moment, with hundreds of success stories sharing how they helped them shed the pounds. In March 2023, the NHS announced …

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‘We are getting closer’ to cutting interest rates, Bank of Canada governor tells MPs

by Anas Siddiqui
‘We are getting closer’ to cutting interest rates, Bank of Canada governor tells MPs

The Bank of Canada is getting closer to cutting interest rates as inflation shows signs of coming down and staying down, the central bank’s governor, Tiff Macklem, told MPs Thursday. …

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CPUC voting soon on $24 fixed monthly charge for California electricity bills

by Vera Ward
CPUC voting soon on  fixed monthly charge for California electricity bills

By Rob Nikolewski | San Diego Union-Tribune The California Public Utilities Commission will soon vote on one of the most contentious pieces of legislation that recently passed through the state …

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Budget 2024 won’t have much effect on inflation, Bank of Canada head says – National

by Vera Ward
Budget 2024 won’t have much effect on inflation, Bank of Canada head says – National

By Staff The Canadian Press Posted May 1, 2024 6:19 pm 1 min read Descrease article font size Increase article font size Bank of Canada governor Tiff Macklem says he …

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Anthem customers will pay more at CommonSpirit hospitals after talks failed

by Akin Smith
Anthem customers will pay more at CommonSpirit hospitals after talks failed

A major Colorado insurer and a large hospital system failed to reach an agreement by their Tuesday deadline, meaning some patients will have to change doctors or prepare to pay …

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U.S. Federal Reserve holds interest rate, saying it will take ‘longer than expected’ to start cutting

by Walter Watson
U.S. Federal Reserve holds interest rate, saying it will take ‘longer than expected’ to start cutting

The U.S. Federal Reserve held interest rates steady on Wednesday and signaled it is still leaning toward eventual reductions in borrowing costs, but that cuts could be delayed as recent inflation numbers have …

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Fed rate decision May 2024: Fed holds rate steady

by Walter Watson
Fed rate decision May 2024: Fed holds rate steady

WASHINGTON – The Federal Reserve on Wednesday held its ground on interest rates, again deciding not to cut as it continues a battle with inflation that has grown more difficult lately. In …

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ADP jobs report April 2024: 192,000 jobs added

by Ron Morgan
ADP jobs report April 2024: 192,000 jobs added

Private payrolls increased at a faster-than-expected pace in April, indicating there are still plenty of tail winds for the U.S. labor market, according to ADP. The payrolls processing firm reported …

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Over-dependence on import causing drug cost inflation in Nigeria— NAFDAC DG

by Akin Smith
Over-dependence on import causing drug cost inflation in Nigeria— NAFDAC DG

The Director General of the National Agency for Food and Drug Administration and Control (NAFDAC), Mojisola Adeyeye, has said Nigeria’s over-reliance on imports and foreign products contributes more to the …

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