Finance

The latest November inflation report shows that price increases across consumer goods eased, partially offsetting continued pressure from categories such as gasoline and groceries, according to the Bureau of Labor Statistics.  Economists, however, urged caution, noting that data collection during the recent government shutdown was incomplete. The consumer price index, a key measure of inflation, … Read more

The Powerball jackpot has soared to an estimated $1.5 billion for the next drawing on Saturday, Dec. 20, after no one matched the winning numbers in Wednesday’s, Dec. 17, drawing.  The cash value of the prize is approximately $686.5 million, making it the fifth largest Powerball jackpot in history, according to the official Powerball website. … Read more

The $1.5 billion Powerball jackpot is set to be up for grabs Saturday night after no ticket matched all six numbers drawn Wednesday, extending a weeks long streak without a top prize winner, lottery officials said.  The swelling jackpot now ranks as the fifth largest in Powerball history, drawing renewed attention from players nationwide. Wednesday’s … Read more

New York — Wall Street’s main indexes declined Wednesday, led by heavy losses in technology stocks, as investors reacted to reports of funding hurdles for Oracle’s next data center and broader concerns about tech sector debt.  The S&P 500 and Nasdaq Composite fell to three week lows, signaling continued investor caution in a year dominated … Read more

Medline Industries is scheduled to make its highly anticipated Nasdaq debut Wednesday after raising six point two six billion dollars in what stands as the largest global initial public offering of twenty twenty five.  The listing places the Northfield, Illinois based medical supply company at the center of a US IPO market that has remained … Read more

FIFA on Tuesday unveiled a $60 “Supporter Entry Tier” ticket for the 2026 World Cup, aiming to make the tournament more accessible for fans of qualified teams.  The discounted tickets will cover all 104 matches of the tournament, including the final, but will represent only a small portion of overall allocations. The 2026 World Cup … Read more

Warner Bros Discovery is expected to formally urge its shareholders to reject a $108.4 billion takeover bid from Paramount Skydance, according to multiple media reports, setting the stage for a high stakes confrontation in the global media industry. The proposed deal, often referred to as the Warner Bros Paramount bid, would mark one of the … Read more

Los Angeles — An Amazon distribution center located near the gates of Los Angeles International Airport has sold for a record $211 million, highlighting the rising value of logistics properties near major transportation hubs. The 143,060 square foot facility on 98th Street was acquired by the real estate investment arm of Morgan Stanley, marking the … Read more

US crude oil prices fell below $55 per barrel Tuesday, marking the lowest level since early 2021 as traders reacted to a looming global supply surplus and the potential for a peace agreement in Ukraine.  West Texas Intermediate crude dipped to $54.98 per barrel, while Brent crude traded at $59.13, both down 2.36 percent. The … Read more

The US unemployment rate rose in November, signaling new strain in a labor market that had shown resilience for much of the year but is now facing headwinds from federal layoffs, slowing wage growth and rising living costs. The jobless rate climbed to four point six percent, up from four point four percent in September … Read more