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inflation

Credit card late fees capped at $8 as part of Biden administration’s crackdown on junk fees

by Vera Ward
Credit card late fees capped at  as part of Biden administration’s crackdown on junk fees

By Matt Egan | CNN Federal regulators finalized a rule on Tuesday to cap most credit card late fees at $8 as part of a broader push by the Biden …

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Turkish annual inflation soars to 67% in February

by Walter Watson
Turkish annual inflation soars to 67% in February

The Maslak financial and business center in the Sariyer district of Istanbul. Ayhan Altun | Moment | Getty Images Turkish annual consumer price inflation soared to 67.07% in February, the …

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Can subleases save the commercial real estate market? – Daily News

by Ron Morgan
Can subleases save the commercial real estate market? – Daily News

By the time you read this, we will have exhausted two months of 2024. Christmas lights will be appearing in home improvement retailers in no time. But I digress. Last …

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Opinion | Interest rates could stay higher for longer. Australia, New Zealand show why

by Ron Morgan
Opinion | Interest rates could stay higher for longer. Australia, New Zealand show why

At the end of last year, investors were convinced that interest rates in the world’s leading economies would come down sharply this year. Following the US Federal Reserve’s unexpected signal …

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Canadian economy not in recession, but 2023 was one of its weakest recent years

by Anas Siddiqui
Canadian economy not in recession, but 2023 was one of its weakest recent years

The Canadian economy continues to beat recession fears, posting modest growth in the fourth quarter even as high interest rates weighed on consumers and businesses. Statistics Canada reported Thursday that …

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January PCE inflation report could get a lot of market attention on Thursday

by Walter Watson
January PCE inflation report could get a lot of market attention on Thursday

With markets on edge over the direction of inflation , a report Thursday that often flies under the economic radar is likely to take on more importance. The Commerce Department’s …

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Airfares were already dropping. Here’s why they could go even lower in 2024

by Franz Hernandez
Airfares were already dropping. Here’s why they could go even lower in 2024

Inflation has hit most of the economy, but that’s hardly the case with airfare. Not only are airfares down 6% year-over-year based on January 2024 prices, but they’re even down …

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FTC sues to stop Albertsons/Kroger merger

by Vera Ward
FTC sues to stop Albertsons/Kroger merger

By Dee-Ann Durbin | Associated Press The Federal Trade Commission sued to block a proposed merger between grocery giants Kroger and Albertsons, saying the $24.6 billion deal would eliminate competition …

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Economists see brighter outlook for 2024. Here’s why.

by Ron Morgan
Economists see brighter outlook for 2024. Here’s why.

The U.S. economy is having what some experts are calling a “Goldilocks” moment. A panel of economists expect this year to be characterized by faster growth, shrinking inflation and healthy …

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Denver food banks change services as migrants add to demand, inflation mounts

by Akin Smith
Denver food banks change services as migrants add to demand, inflation mounts

Facing high demand caused at least in part by the influx of migrants to the city, Denver nonprofit food distributors are cutting services in an attempt to equitably disperse food …

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