McDonald's admits losing customers because lower-income Americans prefer to cook at home instead of dining out.
inflation
A notable shift is occurring in the ongoing blame game surrounding inflation, with voters increasingly pointing fingers at big corporations rather than to President Joe Biden.
Wall Street is alarmed by signs of persistent inflation, fearing a return to stagflation akin to the 1970s and 1980s, prompting caution in asset allocation strategies.
Despite being the lead home improvement company, Home Depot is feeling the effect of high mortgage rates and inflation after a weak sales report and forecast.
The central bank of Hungary is expected to press ahead with monetary easing in 2024 due to the sharp drop in inflation last month.
Russian President Vladimir Putin has issued a rare apology for Russia's inflation problem, which resulted in the soaring of egg prices this week.
President Joe Biden has criticized corporations for maintaining high consumer prices despite a slowdown in the rate of inflation.
The traditional Thanksgiving gathering is poised to become more accessible to households nationwide as the American Farm Bureau Federation reported a downward trajectory in turkey prices.
Elliot management warns investors of a high possible rapid inflation.
Nordic Business Council Philippines (NBCP) issued its 2016 annual report on Philippine and challenges in the trade and investment sectors. Meanwhile the Central Bank expected a strong growth in the economy.
The world-biggest asset management firm, BlackRock Inc warned that withdrawal from EU will damage financial sector in the UK. The nation will face higher unemployment and inflation if Brexit's decision is taken.
The Brazil's central bank will be under pressure to raise interest rate in 2016 amid gripped into the deepening recession. The borrowing cost is expected to rise by 0.25 percent next year. Brazil is suffering from rising inflation and easing productivity.
The Colombian Central Bank is heading towards a hike in interest rate. The Colombian government is keen on checking inflation rise and control the current account deficit.
Falling in line with the economists' forecast, the inflation rate in South Africa rose to 4.8 percent in November, registering its highest since July 2015. Consumer prices marginally rose 0.1 percent during the month. South Africa's currency Rand fell against US dollar, euro and pound. The currency depreciation is likely to be a major risk to the inflation outlook.
Sen. Elizabeth Warren, D-Mass.presented a bill that would pay social security beneficiaries a one-time stipend intended to balance the absence of a cost living adjustment in 2016. Investment News reported that Warren's arrangement calls for the elimination of a tax reduction that allows companies to discount CEO rewards, authorizing the cash to pay those on Social Security.
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