In October, inflation lowered more than predicted due to a decline in gasoline costs, but prices for numerous commodities remained excessively high for millions of US households.
The Labor Department said on Tuesday that the consumer price index, a broad indicator of the price of everyday commodities such as gasoline, groceries, and rent, remained steady from the previous month in October. Prices increased 3.2% during the same period last year.
Other aspects of the study indicated that the economy’s price pressures were easing. Core prices, which exclude more volatile measures like food and energy, rose 0.2%, or 4% year on year.
Here’s an overview of where Americans are seeing the most price increases and decreases as they deal with sticker shock.
Yesterday’s Senate Banking Committee hearing was quite the show as Sen. John Kennedy (R-LA) grilled Federal Deposit Insurance Corporation (FDIC) Chair Martin Gruenberg.
Kennedy’s questioning revolved around how the FDIC treats female employees. Allegations have surfaced that women who worked for the FDIC said they were exposed to sexist treatment, sexual harassment, and other toxic behavior at the hands of coworkers, managers, and leaders.
You won’t believe some of the disturbing details Sen. Kennedy exposed during the hearing.
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Most people know that brokerage rankings are overstated because of pressure from publicly-traded companies. No investor relations person wants to see “hold” and “sell” ratings issued for their stock. In reality, a “buy” rating really means “hold.” “Hold” ratings really mean “sell” and “sell” ratings mean get out while you still can.
If Wall Street’s top analysts are consistently giving “hold” and “sell” ratings to stock, you know there’s a serious problem. We’ve compiled a list of the companies that Wall Street’s top equities research analysts are consistently giving “hold” and “sell” ratings to. If you own one of these stocks, consider getting out while there’s still time.
This report lists the 20 companies that have the lowest average analyst recommendations from Wall Street’s equities research analysts over the last 12 months.
Speaker Mike Johnson is preventing a government shutdown in the same way that Kevin McCarthy did: by working with Democrats to pass a federal financing measure that does not include any spending cutbacks.
But it will most likely not cost him his job, unlike his predecessor.
Many House conservatives are outraged that Johnson, the most politically conservative speaker in decades, did not take a tough stance in his first effort at bargaining with Democrats, instead relying on them for assistance. In the end, Democrats voted more than Republicans, nearly matching the September temporary legislation that caused McCarthy’s firing.
They have no plans to remove Johnson because of that. However, some conservatives are discreetly considering other methods to react.
One strategy under consideration is the same one used against McCarthy.
Dividend stocks tailored for retirement need to prioritize two key aspects. In addition to a substantial yield, secure dividend stocks for retirement should possess a commendable track record of consistent dividend payouts and a resilient operational framework that ensures the company’s enduring stability.
While certain companies might opt for substantial one-time dividend payouts, others may incur significant debts to boost their yield, leaving them financially vulnerable in the long run. Some companies may need more agility to navigate evolving market conditions, as exemplified by the challenges many popular REITs face amidst commercial and residential real estate turbulence. Investors who were once encouraged to include these stocks in their retirement portfolios are now witnessing the erosion of their financial security.
Fortunately, these exceptional dividend stocks for retirement don’t have those issues. Each provides prolonged stability and a commitment to reliable and sustainable dividend distributions.
The state of Minnesota is looking to replace its old and outdated flag and seal, so naturally, they are looking to the state’s citizens for help.
MN officials opened a contest and asked for creative ideas from citizens amid a flood of complaints about the current flag and seal. More than 2,000 submissions have been received so far.
While some people are taking the contest quite seriously and several great ideas have been submitted, others are taking it as an opportunity to flex their humor.
There have been several designs submitted based on “Duck, Duck, Grey Duck” which is Minnesota’s version of the popular childhood game “Duck, Duck, Goose.”
A flag with a handbag and the word “Bayg” on it was also submitted, which is obviously a reference to the Minnesota accent.
But that just scratches the surface of some of the funny contest submissions. Here are a few more.
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The body of missing Texas woman Heather Schwab, 35, was found Sunday wrapped in plastic and stuffed inside her boyfriend’s refrigerator. Schwab was reported missing back in June by her estranged mother.
Schwab’s mother said that she hadn’t talked to her daughter in a year due to her drug use, and that she was scared Schwab’s boyfriend, Chad Stevens, was abusive and dangerous. Then she said Stevens’ ex-wife contacted her to tell her that Stevens had in fact killed Schwab and buried her in his backyard.
When cops came to search Stevens’ home, they found Schwab’s body wrapped in “copious amounts of plastic wrap” behind a wall of sheetrock in the fridge.
Here’s what Stevens told police happened to the woman and how that story differed from what he told his neighbors.