US residence costs continued to lose momentum in November

Washington, DC CNN  —  US residence costs nudged larger in November, however the tempo of that progress slowed, as rising mortgage charges pushed potential patrons out of the housing market late final yr. Dwelling costs rose 7.7% in November from the yr earlier than, a smaller soar than the 9.2% progress seen in October, in … Read more

Mustang Mach-E: Ford drops the worth of its Tesla competitor

CNN  —  Ford is boosting manufacturing of its well-liked Mustang Mach-E electrical SUV and dropping its sticker worth weeks after Tesla dropped costs of its automobiles. The transfer represents a considerable roll-back of worth hikes Ford introduced final summer time on the 2023 fashions – however consumers should still be paying considerably greater than earlier … Read more

Jobs report to provide clues about the place economic system is headed

A model of this story first appeared in CNN Enterprise’ Earlier than the Bell e-newsletter. Not a subscriber? You possibly can join proper right here. New York CNN  —  The Federal Reserve goes to lift rates of interest once more on Wednesday. However will it’s one other half-point hike or only a quarter-point enhance? And what … Read more

There’s beeen a rise in egg smuggling makes an attempt throughout the border, says San Diego Customs

CNN  —  Excessive costs are driving a rise in makes an attempt to deliver eggs into the US from Mexico, based on border officers. Officers on the San Diego Customs and Border Safety Workplace have seen a rise within the variety of makes an attempt to maneuver eggs throughout the US-Mexico border, according to a … Read more

The steep plunge in used automobile costs — what it means, and what’s forward

New York CNN  —  Monitoring used automobile costs is sufficient to give anybody whiplash. For the reason that begin of the pandemic and the ensuing disruptions to new automobile provide chains first despatched costs hovering, used automobile costs posted their largest annual enhance on report – up 45% within the 12 months ending in June … Read more

CPI report: Costs fell in December as inflation continues to average

Minneapolis CNN  —  For the primary time in practically three years, inflation fell on a month-to-month foundation. Shopper costs decreased by 0.1% in December, the Bureau of Labor Statistics reported Thursday in its Shopper Worth Index. The final time costs had been decrease than the earlier month was Might 2020. The carefully watched inflation gauge … Read more

Encouraging inflation information: On-line costs maintain dropping

New York CNN  —  In a constructive signal for inflation-weary shoppers, on-line costs dropped in December as retailers resorted to deep reductions to lure consumers, in line with a Tuesday report from Adobe Analytics. Adobe stated e-commerce costs have been 1.6% decrease than the yr earlier than, marking the fourth consecutive month of annual value … Read more

Has inflation lastly peaked? | CNN Enterprise

A model of this story first appeared in CNN Enterprise’ Earlier than the Bell e-newsletter. Not a subscriber? You possibly can join proper right here. New York CNN  —  It might be a brand new 12 months. However for buyers, customers and the Federal Reserve, inflation stays a serious financial concern, simply because it was in … Read more

What bought actually costly this 12 months, and what bought cheaper

New York CNN  —  It’s been a tricky 12 months for US customers, who battled decades-high inflation for almost all of the 12 months and even noticed gasoline costs hit $5 in June. The newest inflation information, not adjusted for seasonal swings, reveals worth hikes have now slowed to 7.1% for the 12 months via … Read more

What goes up… is beginning to come down

CNN  —  It’s too quickly to declare victory over inflation, however from gasoline to rooster to big-screen TVs, there are, more and more, indicators that inflation’s grip on American pocketbooks could also be loosening. Gasoline costs are again to final yr’s ranges, after spiking to a file excessive of simply over $5 a gallon this … Read more