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(NEW YORK) -- Consumer prices rose 3.5% in March compared to a year ago, accelerating markedly from the previous month and reversing some of the progress achieved in a two-year fight to cool inflation, U.S. Bureau of Labor Statistics data showed. The finding matched economists' expectations.Price increases have cooled dramatically from a peak of about 9%, but inflation still stands more than a percentage point higher than the Federal Reserve's […]
(NEW YORK) -- Elected officials, investors, and everyday households await fresh inflation data on Wednesday that is set to reveal whether the fight to cool price increases remains mired in a rough patch.Price increases have cooled dramatically from a peak of about 9%, but inflation still stands more than a percentage point higher than the Federal Reserve's target rate of 2%.A spike in housing and gasoline prices at the outset […]
(NEW YORK) -- Tesla, the Elon Musk-led electric vehicle company, appears desperate for a tune-up.The company’s share price has plummeted more than 25% so far this year, making it one of the worst-performing stocks in the S&P 500. Over the same period, that index has risen about 10%.Shrinking car sales, major setbacks in autonomous driving and increased competition have cost the company more than $200 billion in lost market value […]
(NEW YORK) -- In the wake of a recent cyberattack on Omni Hotels & Resorts that prompted a "shut down [of] its systems to protect and contain its data," experts are reminding people of the actions guests can take to preserve their digital safety and weighing in on risks facing the hospitality industry at large."We are currently working to determine the scope of the event, including impact to any data […]
(NEW YORK) -- Walmart shoppers may be entitled to up to $500 in cash after the retail giant agreed to pay $45 million to settle a class action lawsuit over "weighted goods."The company, which has denied any wrongdoing, was accused of overcharging customers for sold-by-weight items such as meat, poultry, pork, seafood and bagged citrus fruit at Walmart locations across the U.S. and Puerto Rico between Oct. 19, 2018, and […]
