Economy

“Retail sales rose 0.4% in April, less than expected as consumers struggle with inflation”

“…The advanced sales report showed an increase of 0.4%, below the Dow Jones estimate for 0.8%. Excluding auto-related figures, sales increased 0.4%, which was in line with expectations. As the numbers are not adjusted for inflation, the headline increase equaled the 0.4%… Continue Reading…

Economy

“Consumer prices rose 8.5% in July, less than expected as inflation pressures ease a bit”

“Prices that consumers pay for a variety of goods and services rose 8.5% in July from a year ago, a slowing pace from the previous month due largely to a drop in gasoline prices. On a monthly basis, prices were… Continue Reading…

Economy

“Newsom urged Californians to cut water use by 15%. In February they saved less than 1%

“Total water usage in California cities and towns decreased by just half a percent in February compared with the same month in 2020, a far cry from Gov. Gavin Newsom’s goal of reducing urban water use by 15%… Newsom in… Continue Reading…

Business

“Renault expects to make 300,000 fewer cars in 2022 as global chip shortage rumbles on”

“Renault CEO Luca de Meo said the French carmaker expects to make 300,000 fewer units in 2022 than it potentially could have as a result of the ongoing global chip shortage. Renault made 500,000 fewer cars last year as a result of… Continue Reading…

Economy

“Almost 40% of Americans plan to spend less this holiday season…”

“Almost 40% of Americans plan to spend less on gifts this holiday season than they did last year, the largest such percentage since 2013, according to the CNBC All-America Economic Survey. Just 11% plan to spend more… The average American plans… Continue Reading…

Economy, Stocks

“Nasdaq closes at all-time high, Dow less than 7% off record, as Wall Street looks for Fed to keep support intact”

“The Dow Jones Industrial Average DJIA, -0.70% climbed 461.46 points, or 1.7%, to end at 27,572.44, its sixth straight gain. The S&P 500 SPX, -0.66% rose 38.46 points, or 1.2%, finishing at 3,232.39. The tech-heavy Nasdaq Composite Index COMP, +0.18% gained 110.66 points, or 1.1%, ending at 9,924.74, a… Continue Reading…

Economy, Personal Finance

“10 U.S. Cities Where You Can Rent a One-Bedroom Apartment for $600 or Less”

“Youngstown, Ohio How Much For A One Bedroom? $600 a month Derby, Kansas How Much For A One Bedroom? $599 a month Amarillo, Texas How Much For A One Bedroom? $597.50 a month Conway, Arkansas How Much For A One Bedroom? $555 a month… Continue Reading…

Economy

“50,219,667 Tax Return Filers Paid $0 or Less in Income Taxes”

“Of the 150,272,157 tax returns filed for the 2016 tax year, 50,219,667—or 33.4 percent–were classified by the Internal Revenue Service as “nontaxable returns,” meaning the people who filed them paid $0 or less in income taxes, according to data published… Continue Reading…