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US Jobless Claims Edge Up, but Labor Market Stays Resilient New applications for unemployment benefits in the United States rose last week, according to data released by the Labor Department, though layoffs remain near historic lows in a sign of continued labor market strength. Initial jobless claims climbed to 229,000 for the week ending June […]

Breaking: Beef Prices Skyrocket in US Amid Supply Chain and Climate Pressures US consumers are facing sticker shock at grocery stores and restaurants as beef prices hit historic highs. Industry analysts report a 22% year-over-year increase in retail beef costs, with ground beef exceeding $5 per pound and premium cuts climbing even higher. The surge

US Home Sales Rise in July Amid Moderating Mortgage Rates and Slower Price Growth July’s Housing Market Snapshot US existing home sales increased by 4.5% in July 2023 compared to the previous month, according to the National Association of Realtors (NAR). This uptick follows a period of declining sales earlier in the year, driven in

Home Depot Warns of High Prices — What It Means for Investors Home Depot, the largest home improvement retailer in the U.S., recently cautioned investors about persistent high prices for materials and supplies. This warning comes amid ongoing inflationary pressures, supply chain challenges, and shifting consumer spending habits. For investors, understanding the implications of these

Explained: When Could Tariff-Driven Price Increases Hit Shoppers? Tariffs, taxes imposed on imported goods, are a tool governments use to protect domestic industries or address trade imbalances. However, these costs often trickle down to consumers. Experts suggest price hikes may materialize at different speeds depending on product categories, supply chains, and market dynamics. Immediate vs.

US Producer Prices Surge in July as Trump Tariffs Push Costs Higher The latest data from the U.S. Bureau of Labor Statistics revealed a sharp increase in producer prices in July, with analysts pointing to the lingering effects of tariffs imposed during the Trump administration as a key driver. The Producer Price Index (PPI), which

Applications for Jobless Benefits Decline, Remain in Historically Healthy Range New data from the U.S. Department of Labor reveals that initial claims for unemployment benefits fell last week, signaling continued resilience in the labor market despite broader economic uncertainties. The latest figures underscore a trend of stability as employers navigate shifting demand and inflationary pressures.

Retail Sales Rise 0.5% in July: Key Insights for Investors U.S. retail sales increased by 0.5% in July compared to June, according to the latest data from the U.S. Commerce Department. The growth, driven partly by rebounding auto sales, signals continued consumer resilience amid elevated inflation and higher borrowing costs. For investors, this report offers

Breaking: Wholesale Vegetable Prices Surge Breaking: Attention Shoppers! Wholesale Veggie Prices Soar to Record Highs Unprecedented Spike in Vegetable Costs Wholesale vegetable prices have skyrocketed across major markets this week, with staples like tomatoes, onions, and leafy greens seeing increases of 30-50% compared to last month. Industry analysts cite extreme weather disruptions, supply chain bottlenecks,

US Consumer Sentiment Declines Amid New Tariffs: Key Insights Recent data reveals a notable decline in US consumer sentiment, driven in part by the Biden administration’s new tariffs on Chinese imports. The University of Michigan’s Consumer Sentiment Index fell to 65.6 in June 2024, down from 69.1 in May, reflecting growing concerns about inflation and