Happy Friday, dear readers! This week certainly buzzed by quickly — probably because of all the goings on in the world and markets. Let’s get to it! This Week’s Data Dump There was plenty of data on the state of the U.S. economy released this week. In particular, economists were eyeing the Producer Price Index (PPI) February report from the Bureau of Labor Statistics (BLS), as well as the Census Bureau’s retail sales report for last month. First, the PPI, which measures the prices producers of goods and services receive. These aren’t the prices that… Read More

Happy Friday, dear readers! This week certainly buzzed by quickly — probably because of all the goings on in the world and markets. Let’s get to it! This Week’s Data Dump There was plenty of data on the state of the U.S. economy released this week. In particular, economists were eyeing the Producer Price Index (PPI) February report from the Bureau of Labor Statistics (BLS), as well as the Census Bureau’s retail sales report for last month. First, the PPI, which measures the prices producers of goods and services receive. These aren’t the prices that consumers pay; rather, they’re the wholesale prices. The PPI can be a good indicator of future consumer prices because it measures upstream costs. If the PPI runs high, we can expect consumer prices — such as those measured by the Consumer Price Index (CPI) — to be higher in the near future. Anyway, the BLS reported that the PPI rose by 0.6% last month. That’s higher than the 0.3% analysts had been expecting, according to Dow Jones. It’s also higher than the 0.3% uptick recorded for January. On a year-over-year basis, the PPI jumped by 1.6%. Read More

Editor’s Note: Sigh… inflation… sigh… Let’s get to it. February CPI Comes in Slightly Hotter Than Expected According to the Bureau of Labor Statistics, the Consumer Price Index (CPI) reading for February was higher than expected. Prices rose by 3.2% on a year-over-year basis. Read More

Editor’s Note: It’s Friday! Cue the celebrations… and the obligatory meme. But first, let’s get to it. A Week of Woe for Apple This has not been a good week for Apple (NSDQ: AAPL). For one thing,… Read More

Editor’s Note: It’s Wednesday again. That means it’s time for another roundup of news. Let’s get to it! The EU Fines Apple This week, the European Commission… Read More

Editor’s Note: Happy Friday, dear reader. My birthday is on Monday — which is always a bummer (thanks, Leap Year). So I’ll be spending the weekend doing some early celebrations. Anyway, let’s get to it! The January PCE Report Is… Not Terrible Yesterday,… Read More

Editor’s Note: Happy Wednesday, dear reader! I hope you are enjoying the final week of February. Hopefully, we’ll start seeing early signs of spring before too long. This would definitely be me:   Now let’s get to it! NABE Boosts U.S. GDP Forecast for 2024… Read More

Editor’s Note: Happy Friday, dear reader! Here’s your obligatory TGIF meme: Now let’s get to it! Amazon Will Join the DJIA It’s telling that S&P Dow Jones Indices, which manages the Dow Jones Industrial Average (DJIA), has decided to kick Walgreens Boots Alliance… Read More

Editor’s Note: Like many American consumers, I’ve found myself being more careful with my spending lately. High prices — especially for food — are starting to weigh on my budget. And to be honest, I’ve found that discretionary splurge purchases are a lot less fun… Read More

Editor’s Note: Just like that, it’s Friday again! Of course, on Tuesday, the week certainly seemed a lot slower. Anyway, let’s get to it! Nvidia Reaches the Top 3 Stock gains from the artificial intelligence (AI) buzz weren’t limited to 2023. Read More

Editor’s Note: Happy Valentine’s Day! If you have a honey, I hope you have a great day! And if you don’t… well, maybe Mrs. or Mr. Right is just around the corner. January CPI Dashes Hopes of March Rate Cuts Yesterday, the U.S. Labor Department… Read More