Consumers Are Pivoting Spending to Services Like Dining and Travel – WSJ
Americans responded to the pandemic with a dramatic shift in spending to goods from services. That now appears to be reversing and should gather steam...
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Eurozone inflation hits record 5.1% in January – The Financial Times
Consumer prices in the eurozone rose by a record 5.1 per cent in January piling more pressure on the European Central Bank to respond with...
Europe’s plan to call natural gas ‘sustainable’ triggers backlash from climate campaigners – CNN
The European Commission is coming under criticism after unveiling a long-delayed proposal to designate natural gas and nuclear power “sustainable” sources of energy Wednesday. Including...
PayPal warns that consumer spending is about to fall sharply – CNN
Omicron, inflation and a lack of government stimulus have some Venmo users nervous about spending money from their digital wallets. That’s bad news for Venmo...
Job Openings, Quits Remained Elevated at End of Last Year – WSJ
The U.S. labor market remained tight at the end of last year with job openings and worker turnover hovering near the highest levels on record,...
UK shop price inflation almost doubles in January – The Guardian
Shop price inflation almost doubled in January to the highest level for nearly a decade as the cost of furniture and flooring shot up. Annual...
The global interest bill is about to jump – The Economist
Never before has the world economy been so indebted. The stock of global debt has gone from $83trn in 2000 to around $295trn in 2021—a...
America’s national debt surpasses $30 trillion for the first time – CNN
America’s national debt just hit another sobering milestone. Total public debt outstanding is now above $30 trillion, according to Treasury Department data published Tuesday. Government...
Why grocery prices keep surging – CNN
Grocery costs keep climbing. Prices of meat, seafood, produce, cereal and other kitchen staples shot up 9% in 2021. That’s according to data from IRI,...
Alphabet reports big fourth-quarter beat; stock pops – CNBC
Google parent Alphabet reported better-than-expected fourth-quarter earnings and revenue. Shares popped more than 9% in extended trading. The company also announced a 20-for-1 stock split...