The Latest Headlines at The AM Reporter
Lower Insulin Prices Are Just Around the Corner
Novo Nordisk recently revealed a plan to slash the price of insulin in the United States dramatically. The Danish drugmaker said pre-filled pens and vials of both long- and short-acting insulin injections could be discounted by as... More of this article »
US Labor Market Tightens Amid Still Rising Inflation
The number of job openings in the U.S. may have slipped slightly at the top of the year, but that does not necessarily mean the labor market has stabilized. Recently, the U.S. Department of Labor said job openings [in January] registered... More of this article »
Record-Setting Debt Suggests Americans Are Struggling Financially
Folks in the U.S. have had more and more trouble making ends meet. At least, that’s what the latest credit card data seems to suggest, as Americans tallied a dramatic credit card debt increase last year. While it may not surprise... More of this article »
Retailers Scramble for Strategies as Organized Retail Theft Persists
According to a 2022 study from the National Retail Federation (NRF), retail theft resulted in roughly $94.5 billion, across the industry, in 2021. That is markedly higher than the $90.8 billion posted the year prior. In the study,... More of this article »
General Motors to Cut 500 Salaried Positions
General Motors cut around 500 salaried jobs in the first week of March to reduce costs. Apparently, this one act could potentially save the car company $2 billion by 2026. Fortunately, the 500 cuts represent only about 1% of GM’s... More of this article »
US Household Debt Hits 15-Year Record at $16.9 Trillion
Household debt in the United States has shot up to the highest measure since 2008, mostly on the heels of mortgage rates soaring amid rocketing inflation. This is the latest analysis, as published in a new report from WalletHub.... More of this article »
US Economy Takes Smaller Steps in Q4 Than Originally Reported
In the last three months of 2022, the United States economy grew by an annual rate of only 2.7%, according to a new report. While this is not a bad measure, it fell short of the US Department of Commerce’s initial 2.9% growth... More of this article »
Gold Slips As Analysts Anticipate Unfavorable Inflation Data
Gold prices slipped lower this week as the dollar stiffened, even as traders prepared for crucial US inflation data. Holding off on any major currency bets, traders are bracing for potentially distressing news that could greatly... More of this article »
US Trade Deficit Approaching $1 Trillion
The US trade deficit ballooned by 12.2 percent in 2022 as Americans continued to buy record volumes of foreign goods. According to data from the United States Department of Census Bureau and the US Bureau of Economic Analysis, the... More of this article »
Mortgage Rates Finally Tick Up Again in February
The final month of 2022 offered a promising turnaround as mortgage rates started to fall in November. That peak marked the end of the weakest year for overall home sales since 2014, totaling only 5.03 million. This marks a decline... More of this article »
Homebuyer Sentiment on the Rise as Mortgage Rates Tick Down
After a mostly persistent climb throughout 2022, mortgage rates have finally eased, though only slightly. While similar signs show that inflation may also loosen its grip on the economy, it is unclear whether the two are related... More of this article »
Biden Administration Proposes Junk Free Protection Act to Prohibit Hidden Fees
Working with the Consumer Financial Protection Bureau (CFPB), the Biden Administration introduced the Junk Free Protection Act. The proposal calls for Congress to limit the fees that can be charged for tickets to live events. Their... More of this article »
FDA Wants More Oversight for CBD Products
The United States Food and Drug Administration has announced that CBD products will soon need to follow a new regulatory pathway to the market. The federal agency also said they plan to cooperate with Congress to develop an appropriate... More of this article »