The Latest Headlines at The AM Reporter
Federal Reserve Commits to Fifth Interest Rate Hike This Year
On Wednesday, this week, the Federal Reserve announced they will raise interest rates again, marking the fifth such hike so far this year. Concluding a two-day monetary policymaking session, the central bank updated its Summary of... More of this article »
The Fed’s Latest Rate Hike Pushes Treasury Yields Higher
US Treasury yields climbed at the end of the week as markets analyzed the eventual impact of the Federal Reserve’s most recent rate hike. Specifically, the 2-Year Treasury note reached up to its highest mark in 15 years, as... More of this article »
Homebuilder Sentiment Falls into Negative Territory
According to the National Association of Home Builders (NAHB), homebuilder sentiment fell by three points this month. Now at a score of 46, the index has fallen below the 50-point threshold, indicating that the sentiment is negative.... More of this article »
Amtrak To Suspend Some Long Haul Routes Anticipating Freight Rail Labor Strike
Heading into the second full week of September, rail carrier Amtrak announced a plan to preemptively suspend service(s) along some of its longer-range routes, mostly originating in Chicago. Apparently, there is a pending freight... More of this article »
Expect Holiday Airfare to Hit 5-Year High As Air Travel Chaos Persists
If you are planning to fly anywhere this holiday season, you may have to pay through the teeth for that plane ticket. Unfortunately, it appears the cost of a boarding pass this winter will reach a five-year high. Experts advise that... More of this article »
Juul Ordered to Pay $438.5 Million Settlement Over Underage Marketing Charges
Electronic cigarette maker Juul has just inked a settlement deal to conclude a two-year investigation regarding its sales and marketing practices. According to announcements coming out of several US states, in the first week of September,... More of this article »
Global Economic Troubles Continue to Drag Oil Prices
Oil prices took a dive this week, increasing the selloff acting that has already started to offer some relief for drivers trying to make the most of the rest of the summer, but feeling the pinch at the pump. Indeed, US oil slipped... More of this article »
FTC Orders Credit Karma to $3 Million in Consumer Damages Over False “Pre-Approval” Claims
The Federal Trade Commission (FTC) has ordered Credit Karma to pay $3 million to users on allegations that the online credit monitoring company pushed consumers to take out falsely pre-approved credit cards. This inevitably led to... More of this article »
CVS Health and Signify Health Hopes To Bring Health Care to the Home
In the first week of September, CVS health announced a new $8 billion deal aimed at meeting patients where they are to address their health care issues as needed. The deal will finalize the CVS purchase of Signify Health, which is... More of this article »
Inflation Concerns Continue as There are Twice as Many Job Openings as Available Workers
Despite a big push from the US government to combat inflation, the labor market remains tight. According to a report, this week, from the Bureau of Labor Statistics, there were almost one million more job openings last month than... More of this article »
Regal Cinemas Parent Company—Cineworld Group—Files Chapter 11
Cineworld Group is the second largest movie theatre chain in the world, although many people may not know who they are. Perhaps identifying the British company—who operates in nearly a dozen countries—as the owner of Regal Cinemas... More of this article »
Federal Trade Commission Sues Data Broker Over Sale of Sensitive Geolocation Data
The issue came to light after a June Supreme Court ruling overturned Roe vs Wade: the landmark decision that guaranteed women a Constitutional Right to abortion. With reproductive rights now a States’ issue, the technology... More of this article »
Honda Partners with LG to Upscale EV Battery Production at New US Plant
With the new California ban on gas-powered engine vehicles (by 2035)—and some states likely to follow suit—the pressure to scale up production and make these cars more accessible is certainly growing. Whether this shift—in... More of this article »