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

Inflation could push Fed into August rate hike

CNBC’s Jim Cramer on Monday said the Federal Reserve could raise interest rates in August, before its next scheduled meeting in September, if this week’s economic data shows that inflation is not abating. “The Fed is still in charge of this market. A week ago, it looked like they might ease up, but after Friday’s … 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

Era of steady growth has ended, but here’s how to prepare

BlackRock says world markets have become more volatile, and they’re going to stay that way for a while. The world’s biggest asset manager says that the era of steady growth and low inflation has ended: “Traditional portfolios, hedges and risk models won’t work anymore, we think.” “The Great Moderation, a long period of steady growth … Read more

RPT-WEEKAHEAD-Wall St Week Ahead: Inflation Data May Seal Fate of Unloved US Stock Rally

A rally in US stocks that has powered on despite skepticism from Wall St faces a reality check in the coming week, as key inflation data threatens to shut the door on expectations of a dovish shift from the Federal Reserve. The S&P 500 has walked a tightrope this summer, rising 13% from its mid-June … 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

Varda signs NASA partnerships for space factory demo flight next year

Varda co-founders Varda Space Industries Early stage Varda Space Industries has signed a pair of agreements with NASA, the company announced Friday, securing access to key technologies the company will need for the first demonstration of its space factory system. Varda’s goal is to develop a new method for manufacturing materials in space, an opportunity … Read more

Gold price in rally mode on latest geopolitical tensions but Friday’s jobs report could disrupt momentum – analysts

(Kitco News) Gold breached the coveted $1,800 an ounce level Thursday on increased geopolitical tensions between the US and China. But the upcoming Friday’s employment report could disrupt momentum, according to analysts. December gold futures rose $33 on Thursday, touching a daily high of $1,812. At the time of writing, prices were at $1,808.20 an … Read more