category

Inflation

Manufacturing contracts for third straight month

The Institute for Supply Management (ISM) said that its Manufacturing Purchasing Managers’ Index (PMI) reached of 47.7 last month after reaching 47.4 in January, notching the third straight month of contraction.

Recession is officially underway: Eddie Ghabour

Key Advisors Wealth Management co-founder and CEO Eddie Ghabour tells 'Varney & Co.' the recession is accelerating at a faster pace than the market is pricing in on and Wall Street is about to hit 'new lows.' 

UK grocery price inflation hits record 17.1%

UK consumers cost of buying food has soared 17.1%. Products with fastest growing prices include milk, eggs, and butter as the United Kingdom faces a cost-of-living crisis.