Inflation

Samsung products may soon offer telehealth

Last week, well-known consumer electronics and digital technology leader, Samsung, announced a new partnership with IntelliTek Health, a company that has developed a patient-centric virtual assistant tool. The aim of the partnership is to use AI technology and digital voice assistance to enable healthcare providers to implement their services through Samsung products. IntelliTek Health’s Personal …

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Live Nation and Ticketmaster monopoly on live entertainment

The Senate Judiciary Committee held a hearing this week titled “That’s the Ticket: Promoting Competition and Protecting Consumers in Live Entertainment,” which focused on the state of Live Nation Entertainment and the lack of competition in the primary and secondary ticket markets. “I just want to dispel this notion that this is not a monopoly, …

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Consumer spending fell 0.2% in December as inflation cooled

U.S. households turned cautious late last year, cutting spending during the holiday shopping season and boosting savings, adding to signs of an economic slowdown. Consumer spending fell a seasonally adjusted 0.2% in December from a month earlier, the Commerce Department said on Friday, the second straight monthly decline after a solid increase in spending in …

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The Fed’s key measure eased, spending also eased

Consumers spent less in December, even as the Federal Reserve’s key inflation measure showed a slowdown in the pace of price increases, the Commerce Department said on Friday. Personal consumption expenditures, excluding food and energy, rose 4.4 percent from a year earlier, down from November’s 4.7 percent reading and in line with the Dow Jones …

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Live Nation and Ticketmaster monopoly on live entertainment

The Senate Judiciary Committee held a hearing this week titled “That’s the Ticket: Promoting Competition and Protecting Consumers in Live Entertainment,” which focused on the state of Live Nation Entertainment and the lack of competition in the primary and secondary ticket markets. “I just want to dispel this notion that this is not a monopoly, …

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High egg prices are due to a “collusive scheme” by suppliers, the group claims

Eggs for sale at increased prices in New York on January 21, 2023. Fatih Aktas/Anadolu Agency via Getty Images) Egg prices soared to all-time highs in 2022 — and one group says the trend is due to something more sinister than simple economics. Across all types of eggs, average consumer prices jumped 60 percent last …

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Small business success in 2023 means prioritizing innovation and change

Navigating the financial landscape has become a full-time job. For SMB leaders hoping to understand the economic outlook for this new year, there seems to be one major point of agreement among experts: 2023 is a year of uncertainty. And according to the latest National Federation of Independent Business (NFIB), the Small Business Optimism Index …

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Wall Street Investment Banks Criticized, CEOs Hope for Better Days | Business and economy news

Wall Street banks showed a deep decline in their investment banking business in the fourth quarter, leading to thousands of job cuts, but executives are looking for signs that corporate CEOs are regaining the confidence to close deals again. Morgan Stanley and Goldman Sachs reported fourth-quarter earnings declines on Tuesday as Wall Street traders dealing …

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Economists in the WSJ survey still see a recession this year despite the easing of inflation

Despite signs that inflation has begun to ease, economists still expect higher interest rates to push the U.S. economy into recession next year, according to The Wall Street Journal’s latest quarterly survey. On average, business and academic economists polled by the Journal put the likelihood of a recession in the next 12 months at 61 …

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