‘Funflation’ drives sporting event ticket prices up a whopping 25%

2023-11-21 21:42:37 John Brown #16 of the Buffalo Bills celebrates with fans after catching a touchdown pass during the third quarter against the New England Patriots at Highmark Stadium on January 08, 2023 in Orchard Park, New York. (Photo by Bryan M. Bennett/Getty Images) Bryan M. Bennett | Getty Images Sport | Getty Images Dan … Read more

Fed’s Goolsbee says ‘golden path’ of a huge drop in inflation without a recession is still possible

2023-11-07 15:38:58 Chicago Federal Reserve President Austan Goolsbee said Tuesday a soft landing is still on the table as the central bank seeks to combat inflation without hurting the economy significantly. “Because of some of the strangeness of this moment, there is the possibility of the golden path … that we got inflation down without a … Read more

Unemployment among Hispanic workers rises at faster pace in October

2023-11-03 17:13:44 People walk through downtown Manhattan in New York City on Dec. 2, 2022. Spencer Platt | Getty Images News | Getty Images The labor market showed greater deterioration for Hispanic workers, whose unemployment rate rose more than that of the U.S.’, according to data released Friday by the Department of Labor. The overall … Read more

Global bond rout looks ‘tremendously dangerous’ for stocks, hedge fund manager warns

2023-10-27 12:22:39 An intensifying bond rout is piling pressure on the global economy and creating a “tremendously dangerous” outlook for equities, the chief investment officer of Livermore Partners hedge fund said Friday. A new era of higher interest rates has caused bond yields to surge, hampering returns for investors and flipping on its head the … Read more

Achieving the ‘American dream?’ A lot of it depends on where you grow up

2023-10-27 17:28:31 Northeast Dallas in Texas is the neighborhood buyers are most interested in, according to a new report. Halbergman | Istock | Getty Images Where a child grows up in the U.S. is becoming an increasingly critical component toward determining their future economic status. Research from economists at Brown University, Harvard University and the … Read more