Producer prices in the U.S. unexpectedly edged slightly lower in the month of February, according to a report released by the Labor Department on Wednesday. The Labor Department said its producer price index for final demand slipped by 0.1 percent in February after rising by a downwardly revised 0.3 percent in January. Economists had expected producer prices to increase by […]
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Tuesday’s US inflation data would, in normal circumstances, have made it close to certain that the Federal Reserve Board would announce another 50 basis point increase in interest rates at next week’s meeting. But these aren’t normal circumstances. The collapse of two US lenders over the past week – the Silicon Valley Bank and the Signature Bank – caused turmoil […]
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Australia’s superannuation industry is worth some $3.3 trillion, and the importance of super has been long embedded into our culture (think the ‘from little things, big things grow’ jingle). However, despite its size and importance, there is a strong set-and-forget mindset among young Australians when it comes to our all-important retirement savings. We receive our first employment contract, and it […]
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Specialty retailer Genesco Inc. (GCO) reported Thursday that its fourth-quarter net earnings declined to $38.95 million from last year’s $62.14 million. Earnings per share were $3.21, down from $4.41 a year ago. Earnings from continuing operations were $39.20 million or $3.23 per share, compared to $62.2 million or $4.41 per share in the fourth quarter last year. Adjusted earnings from […]
Read morevideo Workers in a ‘tug of war’ with employers over remote work: Andrew Crapuchettes Founder and CEO of Red Balloon Andrew Crapuchettes discusses an Upwork study that shows 22% of people expect to work remotely by the year 2025 on ‘Varney & Co.’ The ping-pong tables have turned. Companies are cutting back on prized employee perks from fancy coffee to […]
Read morevideo Female leaders leaving companies at higher rate The She-Suite founder and CEO Melissa Simkins argues it’s time to ‘reframe’ the problem as she discusses female leadership leaving roles behind. Since International Women's Day was first celebrated over a century ago, the number of female-owned and operated companies has grown, with many women acting in top-level corporate positions in various […]
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This article originally appeared in Refinery29 Australia. Welcome to Money Diaries, where we tackle the ever-present taboo that is money. We ask real people how they spend their hard-earned money during a seven-day period — and we track every last dollar. Anyone can write a Money Diary! Want to see yours here? Here’s how. Today: a cafe worker who makes […]
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The inquiry into the Reserve Bank, due to report this month, will be disappointing if it does no more than suggest modest improvements in the way it does its job. The question it should answer is: should we give so much responsibility to an institution with such a limited instrument – interest rates – and with such a narrow focus? […]
Read morevideo Would you give up your pooch if pet food was too pricey? Americans weigh in Texas residents shared if they’d noticed an increase in pet food prices and whether the commodity could ever get so pricey that they’d have to give up their pet. Americans shared whether a recent spike in pet food prices has affected them and if […]
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