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April 1, 2023

economy

Article

Tepid outlook from Target after 4th quarterly profit dip

February 28, 2023 The Associated Press

NEW YORK — Target plans to invest as much as $5 billion this year expanding services for customers, including a drive up service for returns, renovations at 175 stores and improvements in online shopping. The […]

Article

Average long-term US mortgage rates inch back up this week

February 13, 2023 The Associated Press

The average long-term U.S. mortgage rate ticked up slightly last week after four weeks of declines, a possible sign of stability that could draw in home shoppers with spring buying season weeks away. Mortgage buyer […]

Opinion

HILL: The notch-baby federal budget

February 10, 2023 Frank Hill

What we have today in federal budget parlance is a “notch baby” scenario.  Anyone on Capitol Hill who suffered through the so-called “notch-baby” fiasco for Social Security recipients born between 1917 and 1921 will know […]

Article

Consumer confidence bounces back, ending year on high note

December 30, 2022 The Associated Press

WASHINGTON, D.C. — The confidence of American consumers rebounded this month to end the year on a high note despite high inflation, rising interest rates that have made credit cards and mortgages more expensive, and […]

Article

High inflation and efforts to tame it defined 2022 economy

December 30, 2022 The Associated Press

WASHINGTON, D.C. — For the economy, 2022 was a throwback year. And not in a good way.  At times, it felt like the 1970s or early ’80s. Inflation running rampant. The United States and its […]

Article

US home sales fell in November, the 10th consecutive month

December 22, 2022 Alex Veiga, Associated Press

The housing market slump deepened in November as sales of previously occupied U.S. homes slowed for the tenth consecutive month — the longest such stretch on records going back to 1999. Existing home sales fell […]

Article

Fewer Americans file for jobless benefits last week

November 18, 2022 Matt Ott, Associated Press

WASHINGTON, D.C. — The U.S. job market remains healthy as fewer Americans applied for unemployment benefits last week, despite the Federal Reserve’s rapid interest rate hikes this year intended to bring down inflation and tighten […]

Article

GOP: IRS Coming to Get North Carolinians Unless Republicans Win Back the House

October 26, 2022 Stand for Freedom PAC

We need strong people in Washington who will stand with Americans and not against them. Which is why we support Bo Hines running for Congress in North Carolinas 13th Congressional District. While Americans are struggling […]

Article

Worsening inflation will pressure Fed to keep raising rates

October 14, 2022 Christopher Rugaber, Associated Press

WASHINGTON, D.C. — Inflation in the United States accelerated in September, with the cost of housing and other necessities intensifying pressure on households, wiping out pay gains and ensuring that the Federal Reserve will keep […]

Article

As small businesses raise prices, some customers push back

September 19, 2022 Mae Anderson, Associated Press 

NEW YORK — Inflation isn’t only costing small businesses money. It’s costing them customers as well.  At the Bushwick Grind Cafe in Brooklyn, New York, Kymme Williams-Davis has raised prices and switched to different types […]

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