Consumer debt hits record $16.9 trillion as delinquencies also rise
Debt across all categories totaled $16.9 trillion as balances rose across all major categories.
Retail sales jump 3% in January, smashing expectations despite inflation increase
Retail sales were expected to increase 1.9% in January, according to Dow Jones.
Russia’s budget deficit has surged. But economists say Moscow won’t drain its war chest any time soon
Russia's budget deficit hit a record 1.8 trillion rubles ($24.4 million) in January, with spending growing by 58% from the previous year while revenues fell...
Inflation rose 0.5% in January, more than expected and up 6.4% from a year ago
The consumer price index was expected to increase 0.4% in January from a month ago and 6.2% on an annual basis, according to Dow Jones.
U.S. inflation is likely ‘far stickier’ and could last a decade, Bill Smead says
Inflation in the U.S. is likely to be "far stickier" and could last a decade, according to Bill Smead, chief investment officer at Smead Capital...
Inflation report due Tuesday has the potential to deliver some bad news
All market eyes Tuesday will be on the release of the Labor Department's consumer price index.
Here’s where the jobs will be during the rolling recessions
Recession-like conditions rolling through the U.S. economy are likely to cause more ripples through an otherwise strong jobs market.
Jobs report shows increase of 517,000 in January, crushing estimates, as unemployment rate hit 53-year low
Nonfarm payrolls were expected to increase by 187,000 in January, according to Dow Jones estimates.
Here’s where the jobs are for January 2023 — in one chart
Leisure and hospitality saw an increase of 128,000 jobs in the month, led by 99,000 jobs in restaurants and bars alone.