Inflation sticking around in 2022

Americans are ‘concerned’ about price tag of spending bill, inflation: Rep. Zeldin Rep. Lee Zeldin, R-N.Y., argues Americans are concerned how the spending bill will impact their daily lives.  American consumers are grappling with the fastest price increase in decades, with the cost of everything from cars to gasoline to food soaring nationwide.  And the […]

Log on to g-secs with RBI’s Retail Direct

The platform charges no fees for account opening, maintenance or transactions For long, Indian retail investors seeking regular income haven’t had access to the safest and most reliable option in the market — the government security. Yes, most of the money you invest in insurance products, pension funds and provident funds, and some of the […]

U.S. Weekly Jobless Claims Hold Steady Near 50-Year Low

First-time claims for U.S. unemployment benefits came in flat in the week ended December 18th, according to a report released by the Labor Department on Thursday. The Labor Department said initial jobless claims were unchanged from the previous week’s revised level of 205,000. Economists had expected jobless claims to edge down to 205,000 from the […]

COVID relief fraud nears $100B, Secret Service says

President Biden delivers remarks on the nation’s fight against COVID-19 President Biden delivers remarks on the nation’s fight against COVID-19. The release of COVID-19 federal relief funds has unleashed a wave of individuals and criminal networks responsible for what the Secret Service says is nearly $100 billion in stolen benefits.  Congress passed the $2.2 trillion […]

Lumber prices are on the rise again

Fox Business Flash top headlines for December 20 Check out what’s clicking on FoxBusiness.com. Lumber prices have shot up again in a rise reminiscent of a year ago, when high-climbing wood prices warned of the hinky supply lines and broad inflation to come.  Futures for January delivery ended Friday at $1,089.10 per thousand board feet, […]

Darden: Ricardo Cardenas To Succeed Eugene I. Lee Jr. As CEO; Updates FY22 Guidance

Darden Restaurants, Inc. (DRI) announced that Eugene I. Lee, Jr., Chairman and Chief Executive Officer, will retire as CEO effective May 29, 2022. The Board has elected Ricardo Cardenas, current President and Chief Operating Officer, as Chief Executive Officer, and a member of the Board effective May 30, 2022. The company noted that Lee will […]

Fed Announces Widely Expected Acceleration In Reduction Of Bond Purchases

Citing inflation developments and further improvement in the labor market, the Federal Reserve on Wednesday announced its widely expected decision to accelerate the pace of reductions to its asset purchases program. The Fed said it has decided to reduce the monthly pace of its net asset purchases by $30 billion per month, double the previously […]

This Is America’s Best City For Business

There are a large number of lists of the best cities and states for businesses. Each has its own methodology, and rarely, if ever, are they the same. Among the most widely followed lists are those from CNBC, US News, Forbes, and our own analysis. Some of these lists focus almost completely on financial considerations. […]