Apartment rents, which fell during the post-COVID apartment building boom, are poised to rise again.
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U.S. CREDIT CARD DEBT TOPS $1 TRILLION
Americans now have a record $1.21-trillion balance on their credit cards, according to the new quarterly report from the Federal Reserve Bank of New York.
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INFLATION TICKED UP IN JANUARY, SURPRISING ECONOMISTS
A rise in energy and food prices accelerated U.S. inflation unexpectedly last month, up 0.5 percent from December and pushing the rate to 3.0 percent, compared to 2.9 percent the month before, the Bureau of Labor Statistics reported.
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PRODUCER PRICES ROSE IN JANUARY, SIGNALING HIGHER RETAIL PRICES AHEAD
Producer prices—the wholesale prices factories and service companies charge for their wares—rose 0.4 percent in January from December, compared to the 0.3 percent forecast economists had made in a Dow Jones poll.
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U.S. RETAIL SALES DROP MOST IN TWO YEARS
Last month, U.S. consumers spent 0.9 percent less than in December, the commerce department reported, the largest one-month drop since March 2023.
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OOPS! “TRUMP TRADES” FLOP AS DOLLAR WEAKENS, BOND YIELDS FALL
“Trump trades”—bets that the dollar would continue to strengthen and bond yields rise—that were popular after Donald Trump’s re-election to the presidency have taken a bearish turn.
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STOCKS’ “FRAGILITY” WORST IN THREE DECADES, BOA WARNS
Share prices of the 50 largest stocks in the Standard & Poor’s 500 index are more fragile than at any time this century, Bank of America (BoA) analysts warn in a new report.
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WEIGHT-LOSS DRUGS LINKED TO MUSCLE LOSS
“Miracle weight-loss drugs” like Ozempic and Wegovy have been linked to significant muscle loss in users and—when the drug is stopped—the muscle weight that was lost was replaced by fat, according to a new study.
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LONELY, DEPRESSED TEENS ARE FALLING IN LOVE WITH AI CHATBOTS, REPORT SAYS
Lonely teenagers are beginning to fall in love with AI chatbots that offer them complete support and tailored responsiveness that raises new questions about long-term health issues linked to these relationships, according to a report in StudyFinds.
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CLAIM THAT CELLPHONE RADIATION IS HARMLESS CHALLENGED BY NEW PEER-REVIEWED STUDY
A newly released peer-reviewed study raised new questions about radiation and cell phone use—challenging industry claims that the only time radiation can be harmful is when it causes tissue heating.