Treasury yields fall as Russia-Ukraine tensions escalate Via CNBC.com: U.S. Treasury yields fell on Tuesday morning, amid escalating tensions between Russia and Ukraine. The yield on the benchmark 10-year Treasury note moved 2 basis points lower to 1.9009% at 4:30 a.m. ET. The yield on the 30-year Treasury bond fell 3 basis points to 2.2185%. Yields move inversely to prices and 1 basis point is equal to 0.01%. Treasury yields […]
Near record number of Americans left their jobs in December Via Just The News: Nearly 4.3 million people in the U.S. quit or changed jobs in December, slightly less than a record 4.5 million in the previous month. The onset of the Covid-19's highly contagious Omicron variant disrupted the job market as parents again scrambled to figure out how to balance their work lives with children, school closures and elderly […]
Federal Reserve indicates interest rate hike arriving in March Via Just The News: With both volatile markets and significant inflation in the mix, the Federal Reserve on Wednesday indicated that it may soon raise interest rates for the first time in more than three years. "With inflation well above 2 percent and a strong labor market, the committee expects it will soon be appropriate to raise the target range for the […]
Vaccine mandate at Canadian border could cost consumers Via Just The News: A new requirement for truck drivers coming from Canada to be vaccinated against COVID-19 could add to supply chain challenges for everything from cars to fruit. The Canadian Trucking Alliance said it could affect more than 12,000 drivers who cross the border daily. "Based on surveys done by the Alliance, and national vaccination averages, CTA believes this will […]
Bidenflation: Producer Price Index Jumps a Full Year Record High 9.7% Via Breitbart: Businesses saw the prices of goods they sell rise a record 9.7 percent in 2021, the fastest full-year increase in prices in records going back to 2010. The Labor Department reported Thursday that its Producer Price Index rose two-tenths of a percentage point in December. That’s a slowdown from November, when prices rose one percent, and October, […]
Inflation rises 7% over the past year, highest since 1982 Via CNBC.com: Inflation plowed ahead at its fastest 12-month pace in nearly 40 years during December, according to a closely watched gauge the Labor Department released Wednesday. The consumer price index, a gauge that measures costs across dozens of items, increased 7%, according to the department’s Bureau of Labor Statistics. On a monthly basis, CPI increased 0.5%. Economists surveyed by […]
A record 4.5 million workers quit their jobs in November Via CNBC.com: Workers quit their jobs in record numbers in November while the total employment openings pulled back a bit, the Labor Department reported Tuesday. The so-called quits level surged to 4.53 million for the month, according to the department’s Job Openings and Labor Turnover Survey. That represented an 8.9% increase from October and broke September’s high-water mark of 4.36 […]
Wholesale prices increased nearly 10% in November from year ago, fastest pace on record Via Just The News: Wholesale prices in November increased at their fastest pace on record, the Labor Department reported Tuesday. The producer price index, or what the federal government calls "final demand," rose 0.8% last month and increased 9.6% over the previous 12 months. Economists predicted an annual increase of 9.2%, according to CNBC. The numbers […]
Ford’s U.S. sales decline 33% in August over chip shortage Via CNBC.com: U.S. sales of Ford Motor’s new vehicles last month declined by 33.1% from a year earlier due to an ongoing global shortage of semiconductor chips that’s wreaking havoc on the automotive industry, the company said Thursday. The Detroit automaker’s sales capped off a dismal month of U.S. auto sales in August, which plummeted to an adjusted selling rate […]
Sermons culled from traditional Catholic priests according to the season.
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