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Retail Spending Slips As Inflation Climbs In January, Adding To Economic Concerns Retail Spending Slips As Inflation Climbs In January, Adding To Economic Concerns
Retail Spending Slips As Inflation Climbs In January, Adding To Economic Concerns After a solid holiday season, US retail sales took a surprising step back to start 2025, snapping a streak of growth and fueling worries about the economy. Retail and food services sales fell 0.9 percent in January, according to Census Bureau data released on Friday, Feb. 14. The decline reversed the trend from December 2024's revised increase of 0.7 percent, signaling that consumers may be feeling the squeeze from rising prices. Economists had predicted only a slight decline, with Dow Jones estimating a 0.2 percent drop, NBC News reported. The sales totals were seasonally adjusted but…

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by Chris Spiker
Business
Inflation Climbs To Start 2025, Fueled By Dramatic Egg Price Jump, Fears Over Trump Policies Inflation Climbs To Start 2025, Fueled By Dramatic Egg Price Jump, Fears Over Trump Policies
Inflation Climbs To Start 2025, Fueled By Dramatic Egg Price Jump, Fears Over Trump Policies Inflation unexpectedly accelerated in the first month of 2025, adding political and economic pressure to President Donald Trump's campaign promise of immediate relief to high consumer prices. In January, overall inflation climbed 3.3 percent year-over-year for core items and 0.5 percent monthly, according to data from the Bureau of Labor Statistics released on Wednesday, Feb. 12. That ran slightly ahead of economists' prediction of 3.2 percent inflation, NBC News reported. Core items exclude notably volatile prices for food and energy. The Consumer Price Index (CPI) still inc…

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by Chris Spiker
Politics
Biden, Harris Make Stop At Maryland Community College For White House Event As Election Nears Biden, Harris Make Stop At Maryland Community College For White House Event As Election Nears
Biden, Harris Make Stop At Maryland Community College For White House Event As Election Nears President Joe Biden and Vice President made a pitstop in Prince George's County on Thursday afternoon, marking their first appearance together since he ended his re-election bid. The pair were at the Prince George's Community College in Largo on Aug. 15 to "deliver remarks on the progress they are making to lower costs for the American people," a key talking point in Harris' bid to tackle former President Donald Trump in November. Biden was scheduled to arrive in Prince George's County at around 12:40 p.m. on Thursday, spoke at 1:30 and were scheduled to head back to the White House before …

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by Zak Failla