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WASHINGTON, July 28, 2023 (AFP) – WASHINGTON, July 28, 2023 (AFP) – A key indicator of US inflation cooled in June to the lowest annual rate in over two years, although this remains above the central bank’s target, according to government data released Friday. The Federal Reserve’s preferred gauge of inflation, the personal consumption expenditures (PCE) price index, rose 3.0 percent last month from June 2022, down from a 3.8 percent jump in May, said […]
US officials announced Tuesday a $3.7 billion settlement with Wells Fargo over an array of “illegal activity” that burdened customers with wrongful home foreclosures and other problems. Wells Fargo will pay $2 billion to compensate customers and $1.7 billion in civil fines under a Consumer Financial Protection Bureau settlement that the agency said pertained to some 16 million consumer accounts. Wells Fargo called the agreement an “important milestone” in the bank’s progress after a series […]
SYDNEY, Australia (AFP) — Australia’s prime minister joked he would huddle with top officials Thursday to discuss the soaring cost of lettuce and local KFCs’ decision to replace the verdant leaf with a cabbage mix on their Zinger Burgers. Dubbing the fast-food chain’s decision “crazy”, center-left leader Anthony Albanese quipped the situation had become a national “crisis”. Lettuce prices have soared by as much as 300 percent in Australian cities thanks to recent flooding and […]
Delays and price hikes are anticipated in the United States for holiday merchandise, a Federal Reserve official warned Sunday, calling for more to be done to boost the workforce. “Right now, we see consumers trying to get out early and spend their money to get their goods before they run out,” Mary Daly, head of the San Francisco branch of the US central bank, told CBS. When shopping for the upcoming holidays, “people are buying […]
by Ivan Couronne Agence France Presse WASHINGTON, United States (AFP) — Cutting back on red meat is standard medical advice to prevent cancer and heart disease — but a review of dozens of studies has concluded that the potential risk is low and evidence uncertain. In new guidelines published on Monday in the Annals of Internal Medicine, a panel of researchers from seven countries suggested that “adults continue current unprocessed red meat consumption.” The advice […]
by Nicolas GUBERT Agence France Presse PARIS, France (AFP) — Cod, sole and plaice might be regulars on European dinner tables but as climate change heats the oceans common species are heading to cooler northern waters — with profound potential consequences for fish stocks and consumers. Experts say bluefin tuna, seahorse and the bright triggerfish from the tropics are swimming to Europe’s warming seas while fish such as cod are migrating northwards. “We will […]
by John BIERS Agence France-Presse NEW YORK, United States (AFP) — Why did you splurge on that new pair of shoes? Or that pricey smartphone? More and more advertisers are trying to tap into the unconscious to divine the invisible forces that drive those spending decisions. Using gadgets to track eye movements, computer maps of faces to capture a momentary grin (approval) or squinting (anger), and sensors to measure perspiration or monitor brain activity, companies […]
