The number of drug overdose deaths among seniors has more than tripled in two decades

Drug and alcohol-related deaths are on the rise among American seniors. Drug overdose deaths have more than tripled in the past two decades among people age 65 and older, while deaths from alcohol abuse increased more than 18% between 2019 and 2020, according to data published Wednesday by the National Center for Health Statistics. More … Read more

Temporary inflation talk is back. But economists say higher prices are here to stay

Prices of fruits and vegetables are seen at a store in Brooklyn, New York City, March 29, 2022. Andrew Kelly | Reuters Global markets have been encouraged in recent weeks by data suggesting inflation may have peaked, but economists are warning of the return of the “transient” inflation narrative. Stocks rallied as the October US … Read more

Treasury yields as investors assess the impact of China’s Covid policies

U.S. Treasury yields fell on Tuesday as investors closely watched Covid developments in China and processed comments from Federal Reserve officials about monetary policy plans. The return on the benchmark 10 year treasury yields last fell about 4 basis points to 3.661% at 6:31 a.m. ET. The 2 years treasury the yield last traded around … Read more

US Treasury Bond Yields as Investors Await Key Economic Data

US Treasury yields fell Monday as unrest grew in China over the country’s Covid policies, as trade awaited a slew of economic data to be released this week – which will provide insight this week into how the US is doing. economy as interest rates and inflation remain high. The benchmark 10 year treasury yield … Read more

Inflation is falling. Here’s what that means for annual pay increases

Fizkes | Ivory | Getty Images Inflation and annual wages are not in a one-to-one relationship. That became apparent to many workers last year when their annual earnings increases in pay and wages fell nowhere near the highest inflation rate in four decades. Many workers complained, even as wages were raised more than what had … Read more

The recession will be an inch deep but a mile wide, says UBS strategist

According to UBS Investment Bank’s chief strategist, global economic conditions will change next year and that will turn around underperforming markets and sectors. Bhanu Baweja told CNBC’s “Squawk Box Europe” on Wednesday that between one-third and one-half of the countries the bank covers globally are facing a recession. “It’s an inch deep, but it’s a … Read more

With unions aligned, railroad strike, contingency planning timeline is clear

The alignment of the four unions that voted not to ratify a labor agreement has provided a clear timetable for strike preparation plans on freight railways and with sensitive cargo, including chemicals. The Brotherhood of Railroad Signalmen (BRS) announced Tuesday that it is extending its status quo period through December 8 to align with the … Read more

This is when Wall Street thinks inflation can finally stop

It’s the question on the minds of market watchers, economists and consumers: When will rising prices return to normal? There are indications that the US’s worst bout with inflation is in the past. The consumer price index, a much-watched inflation indicator, was 7.7% in October compared to a year earlier. While that was still well … Read more

As Jeff Bezos warns of global recession, here’s how India could do it

India could benefit from a recession-induced drop in commodity prices. (File) New Delhi: Amazon founder Jeff Bezos’ advice to keep consumers’ cash safe and avoid unnecessary spending has reaffirmed fears of a recession in the US economy. Markets are buzzing with recession fears in the world’s largest economy. High inflation in the aftermath of the … Read more

How chains like McDonald’s and Mom and Dad deal with inflation

Customers in a McDonald’s restaurant Scott Mill | CNBC While the restaurant industry battles inflation, the large size of chains and their access to cash gives them the upper hand, but independents have their own advantages in managing higher costs. Consumers feel the pressure on their budgets and have cut back on their restaurant visits … Read more