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Wall StreetThe US Dollar Index, which tracks the dollar against the British pound, euro, Swiss franc, Japanese yen, Canadian dollar and Swedish krona, is up 2.8% for the year. The US currency slid last November and ended the year lower against that basket of currencies as investors grew optimistic that the Federal Reserve would soon cut interest rates.See the Story
The dollar is up. What that means for us, plus how the economy is performing in Montana
89% Center coverage: 28 sources
Pizza HutYum Brands, which owns all three chains, reported weaker-than-expected sales in the fourth quarter. Despite the miss, shares rebounded in midday trading after initially falling, and are now up more than 3%. Taco Bell, typically the companys most popular chain, reported sales at restaurants open at least a year grew 3%.See the Story
Fast food is too expensive and consumers are pushing back; how people are earning and spending in Montana
89% Center coverage: 28 sources
ShellOil and natural gas prices had surged the year before in the wake of Russia's invasion of Ukraine. Shell said its post-tax earnings fell 29%, to $28.3 billion from the previous year's all-time high of $40 billion. The main reason behind the decline was the fall in energy prices, with oil trading at an average of $82 a barrel.See the Story
Profits at oil giants are declining, partially due to lower gas prices: Track gas price changes in Montana
89% Center coverage: 27 sources
Mortgage rates reach six-week high, but still expected to decline; Where home sales are headed in Montana
88% Center coverage: 25 sources
EconomyAmericans are starting to feel better about inflation and the economy. Prices are still nearly 17% higher than they were three years ago. The cost to rent an apartment has also soared and is still rising faster than before the pandemic. That dichotomy will likely set up a key question in the minds of voters.See the Story
Economy may be looking up, but rent is still high; Track changing rent prices in Montana
88% Center coverage: 25 sources
EconomyA measure of consumer sentiment by the University of Michigan has jumped in the past two months by the most since 1991. A survey by the Federal Reserve Bank of New York found that Americans' inflation expectations have reached their lowest point in nearly three years. The proportion who expect their own finances to improve a year from now is at its highest level since June 2021.See the Story
The economy is looking a bit better, but what about the cost of groceries in the Mountain/Southwest region?
90% Center coverage: 30 sources
UnemploymentJobless claim applications fell to 187,000 for the week ending Jan. 13. That's the fewest since September of 2022. Four-week average of claims fell by 4,750 to 203,250. Overall, 1.81 million Americans were collecting jobless benefits during the week that ended Jan. 6.See the Story
Unemployment benefit applications fall to lowest level since Sept. 2022. Here's recent job data for Montana
90% Center coverage: 29 sources