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3 mentions found


☆ Premarket stocks: The rent is too damn high. It’s keeping interest rates elevated, too
  + stars: | 2024-03-12 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +8 min
In short, the rent is too damn high — and it’s keeping inflation and interest rates elevated alongside it. We’ll see if they’re right on Tuesday morning when February’s CPI data is due out. “Shelter inflation has been a big focal point for the market,” they wrote in a note on Monday. “We remain confident that [rent prices] will flatline in 2024, rather than fall,” Capital Economics analyst Thomas Ryan wrote in a recent note. That means a current deceleration in rent prices won’t be fully factored into inflation data until February 2025.
Persons: Greg McBride, ”, Jerome Powell, “ It’s, Powell, aren’t, “, Thomas Ryan, Ritti Singh, Singh, won’t, isn’t, Goldman Sachs, Clare Duffy, Reddit, it’s, That’s, Matt Egan, Joe Biden, Bespoke’s Paul Hickey, ” Hickey Organizations: CNN Business, Bell, New York CNN, Federal Reserve, CPI, Bank of America, ” Capital, Housing Justice, Fed, Dallas Fed, AAA, Federal, Investment Locations: New York
☆ Gas prices have surged to four-month highs. Don’t panic
  + stars: | 2024-03-11 | by ( Matt Egan | ) edition.cnn.com   time to read: +5 min
A gas price spike might be the last thing President Joe Biden needs to convince skeptical voters about his economic agenda. But experts say there is no reason to panic about gas prices, at least not yet. Gas prices always rise at this time of the year. Of course, there’s always the potential for unexpected events that could spike gas prices. If anything, De Haan said the earlier-than-expected jump in gas prices this year could cause prices to peak sooner than usual.
Persons: it’s, That’s, Joe Biden, Bespoke’s Paul Hickey, ” Hickey, “, ”, Patrick De Haan, Andy Lipow, Lipow, there’s, GasBuddy’s De Haan, De Haan Organizations: New, New York CNN, AAA, Federal, Investment, CNN, Whiting, BP Locations: New York, Indiana —, Michigan, Illinois, OPEC, Saudi Arabia, Russia, Saudi Aramco, Ukraine
☆ Arkansas Lawmakers OK Plan to Audit Purchase of $19,000 Lectern for Gov. Sarah Huckabee Sanders
  + stars: | 2023-10-12 | by ( Associated Press | Oct. | At P.M. | ) www.usnews.com   time to read: +4 min
(AP) — Arkansas lawmakers on Thursday voted to audit the purchase of a $19,000 lectern for Gov. The Republican Party of Arkansas reimbursed the state for the purchase on Sept. 14, and Sanders’ office has called the use of a state credit card for the lectern an accounting error. Sanders’ office said it received the lectern in August. Sanders’ office has not said what features contributed to the lectern’s seemingly high cost. The lectern's purchase was uncovered by Matthew Campbell, a blogger and attorney who has sued Arkansas State Police and claimed the agency withheld documents about Sanders' security and travel.
Persons: Sarah Huckabee Sanders, Sanders, Sanders ’, ” Hickey, Donald Trump, Alexa Henning, ” Henning, Tom Mars, Hickey, Matthew Campbell, Campbell, Roger Norman, Jimmy Gazaway, “, ” Norman, Grant Hodges, Republican Sen, John Payton Organizations: —, Republican, Republican Party of Arkansas, GOP, Beckett, Arkansas State Police, Legislative Audit, ” Republican Locations: — Arkansas, Virginia
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