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inflation

Costco sells $100 million in gold bars amid inflation fears

by Ron Morgan
Costco sells 0 million in gold bars amid inflation fears

Costco’s gold rush is bringing in big bucks. The membership-based wholesale retailer sold an eye-popping $100 million in one-ounce gold bars last quarter, Costco CFO Richard Galanti said Thursday in …

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Outlook good for Canadian oil and gas sector, says industry report, but risks remain

by Anas Siddiqui
Outlook good for Canadian oil and gas sector, says industry report, but risks remain

Canada’s upstream oil and gas industry and drilling services sector has a “very favourable” outlook for 2024, according to Enserva’s State of the Industry report released on Thursday. Key highlights of the …

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Opinion | Why India’s Modi looks set for a third term despite economic concerns

by Walter Watson
Opinion | Why India’s Modi looks set for a third term despite economic concerns

Learning lessons from history, Modi has avoided a repeat of this strategy, instead promoting inclusive development. Flagship schemes such as distributing 80 million free gas connections to poor households, rural …

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Dow hits a record high as markets rally after Fed remarks

by Vera Ward
Dow hits a record high as markets rally after Fed remarks

By Stan Choe | Associated Press NEW YORK — A powerful rally across Wall Street sent the Dow Jones Industrial Average to a record on Wednesday after the Federal Reserve …

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U.S. Federal Reserve leaves key interest rate unchanged, expects 3 rate cuts in 2024

by Anas Siddiqui
U.S. Federal Reserve leaves key interest rate unchanged, expects 3 rate cuts in 2024

For a third straight time, the U.S. Federal Reserve kept its key interest rate unchanged Wednesday, as it signalled its expectations to make a series of quarter-point cuts to the benchmark interest …

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Fed holds rates steady, indicates 3 cuts coming in 2024

by Walter Watson
Fed holds rates steady, indicates 3 cuts coming in 2024

The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond. With …

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Argentina’s economic measures devalues its currency and cuts subsidies

by Ron Morgan
Argentina’s economic measures devalues its currency and cuts subsidies

Argentina’s President Javier Milei addresses the public before lightning the giant Menorah candelabrum, set up for the traditional Jewish Hanukkah (Chanukah) Festival of Lights at a park in Buenos Aires …

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Are high interest rates and inflation to blame for the Liberals’ slide in polls? – National

by Vera Ward
Are high interest rates and inflation to blame for the Liberals’ slide in polls? – National

Justin Trudeau’s government has had to weather many storms over the last eight years. The SNC-Lavalin controversy. An old yearbook photo with the prime minister in blackface. Multiple ethics violations. …

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Inflation is slowly coming down and no longer outweighing Americans’ wages

by Vera Ward
Inflation is slowly coming down and no longer outweighing Americans’ wages

By Alicia Wallace | CNN New York  — Sometimes boring and predictable can be good things. The latest Consumer Price Index report wasn’t flashy by any means: The inflation gauge …

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CPI inflation report November 2023

by Walter Watson
CPI inflation report November 2023

Prices across a broad range of goods and services edged higher in November but were mostly in line with expectations, further easing pressure on the Federal Reserve. The consumer price …

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