The employment cost index, which measures worker salaries and benefits, gained 1.2% in the first quarter.
Music and podcast streaming giant Spotify reported Tuesday an increase in the number of paying subscribers and a rare but lower-than-expected operating profit for the first quarter. The company posted a "new quarterly high" operating profit of 168 million euros ($179 million) -- a turnaround from a loss of 156
The number of young people with a gonorrhea infection continues to soar, with an increase of 31% over the last year, latest figures from public health institute RIVM have shown. Some 13,853 cases of the sexually transmitted disease were registered in 2023 following a 33% rise in 2022. The rise is most dramatic among women, the RIVM said, with a 78% increase. Some 2,598 women were found to have gonorrhea in 2023 compared to 1,468 the year before. Women should
Retail inflation has lessened, but businesses are still swamped by huge price increases in materials and servicesConsumer prices ticked up again in March, rising to anywhere from 3.2% to 3.8% year-over-year, depending on the rate you’re tracking. Of course, that’s way down from what it was back in 2022. But don’t tell that to any of my clients – or people running businesses in just about every industry across the country. For them, prices are not only rising but are significantly –...
Food and housing costs are the top expenses that continue increasing for Honolulu residents, eating at restaurants increased by more than 7% over the last 12 months, while rents have increased by 11%.
The average rental price for a private sector home rose further in the first quarter of 2024, reports housing platform Pararius. According to the platform, the increase is due to the strong demand for rental properties, while the supply is becoming increasingly scarce as more and more rental properties go up for sale.
Shares of PayPal (PYPL) are rising Tuesday, buoyed by the company's first quarter performance, which saw payment volume surge 14%. The digital payment giant exceeded analysts' revenue expectations, posting a top-line figure of $7.7 billion, beating the Street's estimate of $7.51 billion. Yahoo Finance's Seana Smith and Brad Smith break down the details of the report. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was...
The new research shows that in the period from January to April 2024, there was a 22.6% increase in more advanced or ‘critical’ distress among Scottish businesses compared with the same period the previous year. This type of severe distress affected over 2,060 businesses in Scotland. The level was even greater than the UK-wide figure which saw a 20.1% rise in critical distress since Q1 2023, representing over 40,170 businesses. In the first quarter of 2024, while Scotland saw an 8% fall in...
An inflation measure closely watched by the Federal Reserve rose faster than expected in March as high prices continue to weigh on millions of Americans. The personal consumption expenditures index showed that consumer prices rose 0.3% from the previous month, according to the Labor Department, in line with expectations. On an annual basis, prices climbed 2.7% – higher than both the 2.6% forecast from LSEG economists and the 2.5% reading recorded the previous month. In another sign that progress...
U.S. economic growth in the first quarter fell below the Federal Reserve's estimates of the economy's long-run potential for the first time in nearly two years, but the signs of slowing were accompanied with fast inflation that, if sustained, would pose a particular dilemma for the central bank.
BIG BEND NATIONAL PARK (KMID/KPEJ) - As summer grows closer and temperatures continue to rise in the Basin, the Big Bend National Park is reminding visitors of the importance of bringing plenty of water while visiting the park. The National Park said it's a good idea to pack plenty of water to stay cool and []
The PCE index shows that progression on bringing down inflation has stalled. | Economy