(Bloomberg) — US inflation probably moderated at the end of the third quarter, reassuring a Federal Reserve that’s shifting more of its policy focus toward shielding the labor market.Most Read from BloombergThe consumer price index is seen rising 0.1% in September, its smallest gain in three months. Compared with a year earlier, the CPI probably rose 2.3%, the sixth-straight slowdown and the tamest since early 2021. The Bureau of Labor Statistics will issue its CPI report on Thursday.The gauge excluding the volatile food and energy categories, which provides a better view of underlying inflation, is projected to rise 0.2% from…
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The chairman of a House Homeland Security subcommittee is asking the Federal Emergency Management Agency to detail what it did to prepare for Hurricane Helene after it became clear there would be catastrophic flooding.Helene made landfall in Big Bend, Florida, on Sept. 26, causing flooding that devastated North Carolina, Tennessee and other Southern states and claimed more than 200 lives.In a letter sent Saturday, Rep. Anthony D’Esposito, chairman of the House Emergency Management and Technology Subcommittee, asked FEMA Administrator Deanne Criswell for “information regarding FEMA’s advanced forecasting models, its pre-positioning of resources, and its coordination with federal, state, and local partners in response.”A spokesperson for FEMA confirmed to…
Carnival (NYSE: CCL) (NYSE: CUK) has been making a comeback. Since the start of 2023, shares have skyrocketed 115% (as of Oct. 1). That gain is well ahead of the S&P 500 index’s rise over the same period.But this top cruise line stock still has a lot of catching up to do. It currently trades 75% below its all-time high from January 2018. Does this mean buying Carnival shares today could potentially set you up for life? Here’s what investors should know.Carnival’s strong momentumCarnival recently reported its financial results for the fiscal 2024 third quarter (ended Aug. 31). The business…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.Real estate mogul Grant Cardone has invested $500 million, originally intended for New York City, in Fort Lauderdale, Florida.The money was redirected after a New York judge ordered former President Donald Trump and his companies to pay $364 million in penalties. The judge found they engaged in fraud by inflating Trump’s net worth to receive favorable treatment from banks.Don’t Miss:This billion-dollar fund has invested in the next big real estate boom, here’s how you can join for $10.This is a paid advertisement. Carefully consider…
On February 27, 2024, Investing in U.S. Financial History was published, capping off my exhaustive four-year effort to document the financial history of the United States. The book begins with Alexander Hamilton’s brilliant financial programs in 1790 and ends with post-COVID-19 inflation in 2023. Now that the book promotion process is winding down, I am returning to my second passion, which is serving as an advisor to institutional investment plan trustees. This blog post draws from several chapters of my book, as well as on my more than 12 years’ experience as an investment consultant. It is framed around five…
This piece is part of Vital City’s exhaustive “Subway” issue. For all the content, click here.New York’s subway was once an international model of modernity. It connected the United States’ largest city with speed, frequency and reliability. Even today, New York’s subway has some unique features. It has 24-hour service, a rarity across the globe, and its flat fare policy allows riders to traverse the full extent of the city at a reasonable price — in contrast to, say, London, which is divided into six zones, with longer trips costing more money. Over the past century, however, New York’s system has lost its…
A sign warns of a storm surge before the possible arrival of Hurricane Debby, which is strengthening as it moves through the Gulf of Mexico on August 04, 2024 in Cedar Key, Florida. Joe Raedle | Getty ImagesA storm system brewing in the Gulf of Mexico is expected to reach tropical storm status later Saturday, with forecasters warning it could intensify into a hurricane headed to Florida next week.Tropical Depression 14 was about 210 miles north-northeast of Veracruz, Mexico, the National Hurricane Center in Miami said in a 10 a.m. EST advisory.Though no coastal watches or warnings were in effect, the…
In the beginning of 2024, the broader indexes were being driven higher mostly by mega-cap growth stocks. But the market’s leadership has changed in recent months, with stodgy blue chip dividend and value stocks posting sizable gains.For example, Nvidia is down 3.1% in the last three months while the S&P 500 is up 3.2% and the Dow Jones Industrial Average has increased 7.1%. Meanwhile, Dow components Coca-Cola (NYSE: KO), Home Depot (NYSE: HD), and McDonald’s (NYSE: MCD) are up even more.Here’s why these three blue chip dividend stocks could be solid buys in October for folks looking to generate passive…
Oracle co-founder and CTO Larry Ellison’s net worth has been growing, placing him among the sky-high ranks of fellow billionaires Elon Musk, Jeff Bezos and Mark Zuckerberg.His estimated net worth stood at $208 billion as of Friday evening, according to Forbes.At that level of wealth, he was sandwiched between Musk, the richest with a net worth of $264 billion, and Mark Zuckerberg, the third-wealthiest at $206 billion, on the outlet’s real-time global wealth tracker.Oracle’s Larry Ellison Announces Plans To Move World Headquarters To NashvilleBezos was not far off the Meta Platforms CEO, with Forbes estimating his fortune was worth $204.4…
Image source: Getty Images What sort of companies should investors buy in their Stocks and Shares ISA? The answer varies depending on an investor’s objectives and risk tolerance. However, for those seeking some passive income, holding dividend shares inside an ISA is a proven and lucrative strategy. With that in mind, let’s explore how to start earning £500 each month when starting from scratch. Unlocking an ISA income On average, the UK stock market typically delivers around 8% in total returns each year. At least, that’s what the long-term performance of the FTSE 100 indicates. And the general rule of…