Personal income rose by a modest 0.2% month-over-month (m/m) in September, slightly below market expectations for a 0.3% gain. After adjusting for inflation, taxes, and transfers, real disposable personal income declined by 0.3%, following a Read more…
The U.S. economy expanded by 3.4% quarter-on-quarter (q/q, annualized) in the third quarter, accelerating from 2.2% in Q2. The reading was in line with consensus. Consumer spending rose by a healthy 3.8% q/q, matching Q2’s Read more…
Euro fell against most major currencies on Thursday as the ECB’s cautious hold at 2.50% and President Christine Lagarde’s announcement of an early departure coincided with declining Eurozone bond yields. EUR/GBP broke below last week’s Read more…
Verizon is seeing a concerning shift in customer behavior despite recently improving customer retention in its wireless business. The carrier revealed in its latest earnings report that it added 406,000 new postpaid phone customers in Read more…
Carnival Cruise Line wants its bartenders, waiters, and room stewards to know which passengers prepaid their gratuities. It’s a major change for the cruise line, which has been spotted putting stickers on guests’ Sail & Read more…
The Federal Reserve and federal funds rate impact Americans’ wallets in multiple ways, including the mortgage rates buyers will pay on a house. At its October 27-28 meeting, the Fed decided to hold its rate Read more…
The ECB left its three key interest rates unchanged, keeping the deposit facility rate at 2.50%, the main refinancing rate at 2.65%, and the marginal lending rate at 2.90%. The Governing Council warned that the Read more…
29 October 2026 The Governing Council today decided to keep the three key ECB interest rates unchanged. Energy prices have continued to rise, posing upside risks to the inflation outlook and downside risks to the Read more…
Black Friday used to be the day shoppers circled on the calendar for holiday deals. Then came Thanksgiving store openings, weeks of November promotions and sales that started creeping into October. Now, Target is kicking Read more…
US headline PCE inflation accelerated from 3.4% to 3.6% y/y in September, matching market expectations, while monthly inflation increased from 0.3% to 0.5%. Core PCE inflation also edged higher from 3.0% to 3.1% y/y, in Read more…