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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Dec 21, 2024
Page
4
The Commerce Department shows prices up 0.1 percent from October to November, with core inflation also at 0.1 percent. Year over year inflation sits at 2.4 percent, while core prices hold at 2.8 percent. Consumer spending rises 0.4 percent and incomes 0.3 percent as the economy grows.
AAA projects over 119 million Americans will travel at least 50 miles from home between today and New Year’s Day, a new holiday-season high. Airlines for America sees 54 million passengers in 19 days, up about 6 percent from last year, with busiest days Friday, Sunday, and December 26 27 and 29. Gas prices near last year’s level at 3.05 dollars per gallon. EV charging around 35 cents per kWh, varying by state.
U S stocks rebounded Friday with the S P 500 up 1.1 percent and the Dow rising 498 points amid Nvidia led gains and a softer inflation reading. Traders priced in fewer 2025 rate cuts as Powell warned on inflation risks, while Washington faced a partial government shutdown risk and tariff concerns.
Big Lots announces store closures and up to 50 percent discounts as it pursues an alternate going concern deal after bankruptcy filing. The Columbus retailer aims to finalize a sale by January while continuing in-store and online operations and providing updates.
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