The Consumer Price Index (CPI), the main measure of inflation, increased 0.2% in September, a similar increase consumers saw in August and July, the Bureau of Labor Statistics reported. Over the last 12 months, the index increased 2.4%, the lowest yearly increase since February 2021. A rise in food and…

Inflation fell in September as lower gasoline prices combined with other waning price pressures in areas such as housing to bring relief to consumers’ wallets, according to the consumer price index.The consumer price index, a key inflation gauge, was up 2.4% last month from September 2023, according to the U.S.…

When Facebook changed its name to Meta in October 2021, CEO Mark Zuckerberg used the occasion to show the world his vision of a digital future of work and recreation accessible through a virtual reality headset. The company soon opened its play universe called Horizon Worlds, featuring floating personalized avatars.As…

Last year, Ikea slashed prices on roughly 2,000 products to give inflation-weary customers a break. Although that sparked an increase in orders, revenue fell for the first time in four years as discounts took a bite out of its bottom line. Sales slipped 4% to €45.1 billion ($49.3 billion) for…

This article was written byFollowJulian Lin is a financial analyst. He finds undervalued companies with secular growth that appreciate over time. His approach is to look for companies with strong balance sheets and management teams in sectors with long growth runways. Julian is the leader of the investing group Best…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Ikea spent more than €2bn last year on lowering the prices of some of its most popular furniture, leading to the flat-pack retailer’s first fall in annual revenues since 2020 even as…

Vice President Kamala Harris’ political team has raised $1 billion since entering the presidential race in late July, two sources familiar with the figure told CNN – marking a massive fundraising milestone in her campaign against former President Donald Trump. Other presidential candidates, alongside their political parties, have exceeded the…

By Vanessa Infanzon, Next Avenue In 2001, a YMCA in Brooklyn hired a husband-and-wife team of television producers, Stephanie Walter and John Williams, to help 15 high school students pull together a film about retired seamen living at the YMCA’s residential facility. The class’s final project, a one-hour documentary called…

Steady rain hit the Tampa area Wednesday morning and winds are expected to increase in the afternoon as Floridians rush to prepare for Hurricane Milton. The storm continues to fluctuate in intensity as it approaches the state’s west coast and is expected to make landfall as a Category 4 hurricane,…

CNBC’s Jim Cramer on Wednesday criticized the Department of Justice’s potential remedies in the Google search-monopoly case, arguing that, if they were implemented, the California tech giant would be “a shell of its former self.” The DOJ in a court filing late Tuesday provided a high-level overview of recommendations it…