Why cheap airfare is so hard to find this year

United’s check-in area at Washington Dulles International Airport. Leslie Josephs | CNBC Cheap airfares are hard to find, and it might not get much easier in 2023. Between staffing shortages, delays and airlines’ conservative schedules after costly travel meltdowns, available seats are limited. Airlines are also passing along higher fuel prices and other costs to … Read more

Inflation peaking? 10 common consumer items where prices are falling

A customer shops for eggs in a Kroger grocery store on August 15, 2022 in Houston, Texas. Brandon Bell | Getty Images July’s consumer price index report finally showed a sign of potential relief – inflation ticked up less than expected from a year ago, and was flat on the month, meaning that a basket … Read more

Gas prices have fallen. Here’s why inflation hasn’t

But nobody’s popping the champagne just yet. While gas prices have played a large role in the current out of historic inflation, analysts warn that a number of factors remain that will keep overall prices from falling any time soon. “Russia-Ukraine is a factor but… we had tight supplies coming into this,” said Rob Haworth, … Read more

Risk of significant reversal in gold price rally as inflation report looms, says TD Securities

(Kitco News) The strong employment report proved that the US economy is still expanding despite two consecutive negative quarterly GDP releases. And for gold, this means that the price rally could be at risk, according to TD Securities. In reaction to the US economy adding 528,000 jobs in July, gold lost 1% on Friday. The … Read more

5 things to know before the stock market opens Friday

Here are the most important news items that investors need to start their trading day: 1. Stock futures fall after jobs report People walk past the New York Stock Exchange (NYSE) on Wall Street on July 12, 2022 in New York City. Angela Weiss | AFP | Getty Images Stock futures fell Friday morning after … Read more

The US economy has yet to face its biggest recession challenge

A person removes the nozel from a pump at a gas station on July 29, 2022 in Arlington, Virginia. Olivier Douliery | AFP | Getty Images You’d be hard-pressed now to find a recession in the rearview mirror. What’s down the road, though, is another story. There is no historical precedent to indicate that an … Read more

Ex-Fed insider: A full-blown recession is ‘almost certainly’ coming

The problem is that the Fed began its quest to tame inflation late, leaving the central bank little other than to slam brakes on the economy by drastically raising the interest rates. “Almost certainly there will be a full-blown recession. If we’re not in one yet, I think we will be in the next 12 … Read more

5 things to know before the stock market opens Wednesday

Here are the most important news items that investors need to start their trading day: 1. Stocks look to shake off back-to-back losses Traders work on the floor of the New York Stock Exchange (NYSE) on July 25, 2022 in New York City. Stocks rose slightly in morning trading as investors weigh the upcoming Federal … Read more

5 things to know before the stock market opens Tuesday

Here are the most important news items that investors need to start their trading day: 1. Stock futures in the red Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, June 30, 2022. Brendan McDermid | Reuters US stock futures fell Tuesday, as investors worried about inflamed geopolitical … Read more

Economist slams Facebook for fact-checking recession post

A prominent economist has revealed that Facebook placed a fact-checking label on a post asserting that the US has entered a recession, giving it a “partly false” rating as President Biden continues to reject the grim assessment of the economy. Dr. Phillip Magness, the research and education director at the American Institute for Economic Research, … Read more