Over the past couple of years, inflation in the United States has slowed down significantly, even leading to some prices decreasing for consumers – a phenomenon known as deflation. This change in price dynamics has largely been driven by the normalization of supply and demand dynamics that were disrupted during the pandemic. One of the
Business
The week started off with a rebound in the U.S. stock market as the S & P 500 recovered from a recent slump. Big Tech stocks took a hit as investors shifted their focus to smaller-cap stocks, resulting in a 5% drop for Nvidia. However, the chipmaker managed to bounce back on Friday with a
The highly anticipated weekend mega wedding in India has garnered global attention, as the youngest son of Mukesh Ambani, Asia’s wealthiest man, prepares to exchange vows with his long-time sweetheart in a lavish ceremony. The three-day celebration, kicking off on Friday, is set to be a star-studded event, with high-profile guests from various sectors of
Audi, the premium automotive brand owned by Volkswagen, has taken a significant step in expanding its sports investments by becoming the official automotive partner of Inter Miami CF. This multiyear partnership aims to tap into the growing soccer fan base in South Florida, with Inter Miami CF boasting over five million fans in the U.S.
The Federal Trade Commission is reportedly gearing up to file lawsuits against three major U.S. health companies for their practices as intermediaries negotiating medication prices, particularly for insulin. These companies include UnitedHealth Group’s Optum Rx, CVS Health’s Caremark, and Cigna’s Express Scripts. The FTC argues that these practices lead to inflated costs for patients, impacting
The financial challenges faced by Generation Z are becoming increasingly apparent in today’s society. According to a recent report from Bank of America, nearly half of Gen Zers between 18 and 27 are relying on financial assistance from their families. This reliance is driven by the high cost of living, with 52% of young adults
Walmart recently announced its plans to open five automated distribution centers for fresh food across the country. These new facilities are aimed at enhancing efficiency within Walmart’s supply chain and catering to the growing demand for online grocery shopping. With an average size of 700,000 square feet, these centers will feature automation in the chilled
BP shares took a hit on Tuesday as the company disclosed its expectation to incur an impairment of up to $2 billion in the second quarter. Additionally, it warned investors about lower refining margins that could further weigh on its financial results. This news caused a 2.6% drop in BP shares during early market trading,
In 2023, there has been a significant surge in employment scams, with criminals leveraging artificial intelligence to target unsuspecting job seekers. According to experts, consumer reports of job scams increased by 118% from the previous year, highlighting a growing trend of fraudulent activities in the job market. Scammers often pose as recruiters and post fake
Wall Street closed the trading week on a positive note, with tech stocks taking the lead. The Dow Jones Industrial Average saw a modest gain of under 1%, while the S & P 500 and Nasdaq closed at record highs, climbing nearly 2% and 3.5%, respectively. This positive momentum continued from the previous month and