97 / GettyInflation has throttled back significantly since peaking two years ago. The U.S. economy is even seeing some prices deflate for consumers.Deflation measures how quickly prices are falling for a consumer good or service. It's the opposite of inflation, which gauges how quickly prices are increasing.Physical goods have accounted...
Year: 2024
Inflation falls 0.1% in June from prior month, helping case for lower rates
The monthly inflation rate dipped in June for the first time in more than four years, providing further cover for the Federal Reserve to start lowering interest rates later this year.The consumer price index, a broad measure of costs for goods and services across the U.S. economy, declined 0.1% from...
The five secrets to Ferrari’s success as a luxury brand
In the world of luxury, Hermès is arguably the gold standard.Its sales are growing double digits even as other luxury companies post declines or dramatically slower growth. Wealthy customers lucky enough to be anointed as Birkin-bag worthy can purchase a Birkin 25 for about $11,000 and flip it the same day...
Costco hikes membership fee for the first time since 2017
Customers exit a Costco store in Teterboro, New Jersey, on June 28, 2023.Kena Betancur | Corbis News | Getty ImagesYou will soon have to pay more if you want to shop at Costco.The membership-based warehouse club said Wednesday that it will increase its membership fee by $5 in the U.S....
Top Wall Street analysts see attractive prospects for these 3 stocks
Investors are grappling with a host of mixed signals as recent data suggests the economy may be softening and the S&P 500 surges to new highs.As investors navigate this complicated environment, they may turn to research from top-rated Wall Street analysts as they search for stocks with strong balance sheets...