The Latest Headlines at The AM Reporter
Netflix Has Posted a Job Listing…For A Flight Attendant?
It seems, lately, whenever Netflix makes headlines, it is due to either the release of a new show or the cancellation of one everyone loves. Indeed, it is rare that a Netflix conversation involves anything other than their content... More of this article »
A Sign of Hope on the Horizon as Inflation Falls for the First Time in Two Years
It may not yet be apparent to everyone, but consumer prices in the US have started to fall for the first time in nearly three years. Most notably, gasoline prices started to fall in December, and the hope is that this will begin... More of this article »
Yes, Egg Prices Are Still Up, but its Not Because of Inflation
Eggs are one of the most ubiquitous foods in the world. A breakfast staple in many cultures and an important ingredient in many cuisines, eggs are nutritious, flavorful, and versatile. Unfortunately, they are also becoming one of... More of this article »
Student Loan Relief Plan Faces Uphill Battle Versus District Court Opposition
When the Biden Administration announced its student loan forgiveness plan, borrowers burdened by this debt rejoiced. Were it enacted, the proposal would bring financial relief to at least 40 million student loan borrowers, especially... More of this article »
New FTC Proposal Could End Noncompete Agreements
As the first week of 2023 came to a close, the Federal Trade Commission (FTC) proposed a paradigm-shifting rule that could change employment in the United States. The government regulator proposed a new rule prohibiting employers... More of this article »
Hertz To Pay $168M Settlement over False Car Theft Arrests
Heading into the first week of December, rental car company Hertz announced they would pay approximately $170 million to settle several hundred false theft claims involving their customers. In the news release, the rental giant specified... More of this article »
Inflation is Easing, Tempering Costs Across the Economy
Inflation slowed more dramatically than expected last month, finally easing what had been a heated 18 months of quickly rising prices. This is a promising sign that the Federal Reserve may not need to initiate another rate hike.... More of this article »
Mortgage Applications Climb as Rates Dip
Once again, the average interest rate on a 30-year fixed mortgage has fallen. Down to 6.28%, it is now its lowest level since September. The drop follows an underwhelming consumer price index report for November, which is a significant... More of this article »
In Cost-Saving Strategy, PepsiCo To Cut Several Hundred Corporate Jobs
In spite of rising prices, food and beverage demand in the United States remains strong. While households are feeling more and more pinched in the face of heightened inflation, major food companies like PepsiCo have felt compelled... More of this article »
Private Payroll Additions Slows in November
According to the most recent ADP National Employment Report, private hiring in the United States slowed in November, adding only 127,000 jobs. That is roughly 73,000 short of the numbers economist had expected earlier. News from... More of this article »
US Mortgage Rates Fall, Again, As Demand Continues to Decline
Mortgage rates in the United States may have been soaring above 7 percent about a month ago, but that is not the case right now says the Mortgage Bankers Association. According to their seasonally adjusted index, mortgage rates are... More of this article »
Holiday Travel Costs Have Never Been More Expensive
The Thanksgiving holiday will be here in a matter of days, and with it will come a modicum of, albeit expected, stress. This year the chaos will likely be exacerbated by significantly higher travel prices that will certainly complicate... More of this article »
Early Holiday Promotions Entice Frugal Shoppers, Bumping Retail Spending up 1.3 Percent
It looks like the holiday shopping season is already off to an excellent start. According to a Wednesday update from the US Census Bureau, retail sales in the United States rose by 1.3% in October. Apparently, American shoppers are... More of this article »