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Cocoa's price may have finally tempered, says financial firm Rabobank
Cocoa’s price rally may have peaked, according to financial firm Rabobank, which pointed to falling prices for the commodity in New York and forecasted rainfall in West Africa.
Consumers haven’t felt this bad about the economy since November
Consumer sentiment plunged to the lowest level in six months as price increases reaccelerated, according to the latest University of Michigan survey of consumers, released Friday.
Americans are feeling worse about the US economy amid inflation concerns
US consumers are becoming increasingly worried about the trajectory of the US economy amid sticky inflation and the prospect of high interest rates for longer than initially hoped. The latest
Bowman Says Fed Should Hold Rates Steady for ‘A Bit’ Longer
Federal Reserve Governor Michelle Bowman said the central bank should proceed “carefully and deliberately” as policymakers move toward the Fed’s 2% inflation goal.
US Consumer Sentiment Shows Biggest Drop in Nearly Three Years
Economists were expecting a more modest drop in the survey results. Inflation continues to worry the public, with consumers again raising their expectations for future price increases. Consumer
Fed’s Goolsbee Says Not Much Evidence of Inflation Stalling Out
Federal Reserve Bank of Chicago President Austan Goolsbee said he doesn’t think inflation is stuck above the central bank’s target despite recent data showing price pressures picked up at the start
Target to reduce number of stores carrying Pride-themed merchandise after last year's backlash
Target confirmed Friday that it won't carry Pride Month merchandise at all stories this spring after the discount retailer experienced backlash and lower sales over its collection honoring LGBTQ+
The billionaire boss of one of soccer's most famous teams tells staff to come back to the office or look for another job
Jim Ratcliffe told Manchester United staff they needed to start coming into the office or "seek alternative employment."
McDonald’s is working to introduce a $5 value meal
McDonald's is working to introduce a $5 value meal as lower-income consumers pull back on spending at fast food chains.
Inflation reduces buying power as $100 goes a lot less far these days
A new report shows Americans' buying power for household necessities like groceries and toiletries has been eroded by nearly one-third since 2019, putting pressure on consumers.
The Dow extends its weeklong winning streak with a 71-point jump
Stocks are set to close the week higher on Friday, with the Dow potentially extending its winning streak to eight consecutive days. The S&P 500 and Nasdaq were also rising in the morning.
Middle schoolers get taste of stock market, investing through financial literacy class
A middle school teacher in Brooklyn, New York, is helping students gain knowledge about the stock market and investing through a financial literacy class.
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