Based on most verified consumer reviews, debt settlement leader secures award for best customer service, process, staff experience, value for price NEW YORK, June 2, 2026 National Debt Relief, the industry leader in debt settlement and provider of the top-rated debt relief solution in the U.S.*, today announced it earned four 2026 Buyer's Choice Awards from ConsumerAffairs, a leading consumer r...
Federal Reserve Bank of Cleveland President Beth Hammack said Tuesday that the U.S. central bank may need to act "soon" to combat inflation pressures that are already too high and are on a worrisome trend.
Home price growth continues slow and steady year-over-year growth in April 2026. IRVINE, Calif. This press release features multimedia. ?Market strength suggests that some buyers remain insulated from mortgage-rate volatility and are supported by substantial home equity and stock market gains,? said Cotality Chief Economist Dr. Selma Hepp.
While 70% of consumers trust nonprofit credit counseling, nearly half are unaware of the most effective solution for the $1.3 trillion national debt crisis: The Debt Management Program. FORT LAUDERDALE, Fla. Awareness and Trust Gap Collide Most respondents view nonprofit agencies as trustworthy, but they still rely on web searches or personal networks for advice.
Israel's short-term interest rates could fall at a faster pace if inflation continues to ease, Bank of Israel Governor Amir Yaron said on Tuesday. Yaron, speaking at an Israel Democracy Institute conference, noted that since the last interest rates decision on May 25, expectations of a ceasefire deal with Iran have increased, leading to lower energy prices and a stronger shekel versus the dollar.
* Investors monitor US-Iran talks, await key US economic data. * Federal Reserve policy outlook remains central to dollar direction. * Yen drifts toward 160 per dollar, heightening intervention risk. By Stefano Rebaudo.
* Investors monitor US-Iran talks, await key US economic data. * Federal Reserve policy outlook remains central to dollar direction. * Yen drifts toward 160 per dollar, heightening intervention risk. By Stefano Rebaudo and Satoshi Sugiyama.
The Iran energy story may be masking a bigger inflation worry. Everyone, not least the major central banks, is watching every twitch of crude prices around the Iran conflict for the cost-of-living hit. This whopping business investment outlay is expected to exceed $800 billion this year alone and run into the trillions over the years ahead.
The Bank of Japan should lay out a clear path for policy normalisation after a widely expected rate hike this month to stabilise the bond market, Sumitomo Mitsui Financial Group's (SMFG) global markets chief, Arihiro Nagata, told Reuters.
* Surging stock markets boost U.S. luxury spending. * Luxury groups report stronger sales growth in U.S. than elsewhere. * Brands stage fashion shows in New York and Los Angeles. * North America leads the world in luxury store openings. By Elisa Anzolin and Helen Reid.
The Bank of Japan should lay out a clear path for policy normalisation after a widely expected rate hike this month to stabilise the bond market, Sumitomo Mitsui Financial Group's (SMFG) global markets chief, Arihiro Nagata, told Reuters.
Bank of Canada Senior Deputy Governor Carolyn Rogers cautioned against concluding the country is in a recession after recent data showed the economy contracted for a second consecutive quarter, Bloomberg is reporting Monday. "Two quarters of annualized contraction in GDP does meet one definition of a recession.
Bank of Canada Senior Deputy Governor Carolyn Rogers cautioned against concluding the country is in a recession after recent data showed the economy contracted for a second consecutive quarter, Bloomberg is reporting Monday. "Two quarters of annualized contraction in GDP does meet one definition of a recession.
* Iran and US carry out strikes. * Series of US jobs data due this week. * Palladium is moving towards balance, Morgan Stanley says. By Ashitha Shivaprasad. Gold prices fell on Monday as escalating tensions in the Middle East heightened inflation concerns and reinforced expectations that central banks may keep monetary policy tighter for longer.
* Manufacturing PMI increases 1.3 points to 54.0 in May. * Supplier delivery performance slows for sixth consecutive month. * Iran war dominates comments from manufacturers, with many complaining about negative impact on supply chains. By Lucia Mutikani.
The US manufacturing sector expanded to its highest level in four years last month amid strength in demand and production, though price pressures remained elevated, two separate surveys showed Monday. The Institute for Supply Management's purchasing managers' index increased to 54 in May from 52.7 the month prior, reaching its highest reading since May 2022.
The Bank of Canada on Monday cautioned against putting too much weight on recent GDP data which showed two consecutive quarters of decline on an annualized basis. Senior deputy governor Carolyn Rogers said while two quarters of annualized contraction in GDP did meet one definition of a recession, the April advance estimate showed the economy most likely rebounded.
Friday's Q1 gross domestic product figures in Canada, including revisions, stunned everyone in consensus and at the Bank of Canada, said Scotiabank. Consensus had forecast about 1.5% quarter-over-quarter seasonally adjusted annual rate growth with a trimmed range between about 1% to 2% and the BoC's projection in the April Monetary Policy Report was 1.5%, noted the bank.
Canada's Q1 gross domestic product didn't just underperform expectations as it was "outright terrible," falling by 0.1% quarter-over-quarter annualized, said Rosenberg Research after Friday's GDP data. The consensus expectation was for a gain of 1.5%, due largely to an expected rebound in inventories after a large drawdown in Q4. Yet, GDP still fell, noted Rosenberg Research.
Private sector analysts
polled by Mexico's central bank slightly raised nearly all
forecasts for inflation this year and next, while trimming their
economic growth estimates, the bank said on ...
U.S. construction spending increased more than expected in April, boosted by single-family homebuilding, though rising mortgage rates amid the war with Iran continued to cast a shadow over the housing market. The Commerce Department's Census Bureau said on Monday that construction spending rose 0.4% after a downwardly revised 0.2% increase in March.
The Canadian Labour Force Survey this week will draw close scrutiny after it emerged that on Friday the economy slipped into a technical recession for the first time since 2020, said Societe Generale. Canada will release the LFS for May this Friday, at 8:30 a.m. ET.
U.S. construction spending increased more than expected in April, boosted by single-family homebuilding, though rising mortgage rates amid the war with Iran continued to cast a shadow over the housing market. The Commerce Department's Census Bureau said on Monday that construction spending rose 0.4% after a downwardly revised 0.2% increase in March.
The Institute for Supply Management's US manufacturing index rose to 54.0 in May from 52.7 in April, compared with expectations for a smaller increase to 53.0 reading in a survey compiled by Bloomberg as of 7:30 am ET. The index indicates faster expansion, and it is the highest reading since May 2022.
US construction spending rose by 0.4% in April, compared with a 0.3% increase expected in a survey compiled by Bloomberg and following a downwardly revised 0.2% increase in March.
U.S. manufacturing activity increased more than expected in May, hitting the highest level in four years, likely driven by businesses front-loading orders amid rising prices and shortages because of the war with Iran.
U.S. manufacturing activity increased more than expected in May, hitting the highest level in four years, likely driven by businesses front-loading orders amid rising prices and shortages because of the war with Iran. Manufacturing has now grown for five straight months, anchored mostly by an artificial intelligence spending spree.
New Orders Growing; Production Growing; Employment Contracting; Supplier Deliveries Slowing; Raw Materials Inventories Contracting; Customers' Inventories Too Low; Prices Increasing; Imports Growing; Exports Growing. TEMPE, Ariz. The report was issued today by Susan Spence, MBA, Chair of the Institute for Supply Management?? Manufacturing Business Survey Committee.
Canada's manufacturing sector growth was sustained in May as output, new orders and employment all increased, said S&P Global on Monday. The seasonally adjusted S&P Global Canada Manufacturing Purchasing Managers' Index, a composite index designed to provide a summary of operating conditions in manufacturing, remained in positive territory during May for a second successive month.
The Bank of Canada's Financial Stability Report of last week highlighted warning signs for the economy, especially from the housing sector, overextended asset valuations, and global turbulence, says Rosenberg Research.
Canada's manufacturing sector expanded for a second straight month in May as the potential for higher prices and product shortages due to the war in the Middle East likely boosted client demand, data showed on Monday. The ?S&P Global Canada Manufacturing Purchasing Managers' Index edged down to 52.9 last month from 53.3 in April.
* Iran and US carry out strikes. * Series of US jobs data due this week. * Palladium is moving towards balance - Morgan Stanley. By Ashitha Shivaprasad. Gold prices slipped on Monday as fresh strikes between Iran and the United States heightened inflation concerns and reinforced expectations that central banks may keep monetary policy tighter for longer.
It is rare for economists surveyed by Bloomberg to be so wide of the mark as they were in their predictions for Canada's gross domestic product released on Friday, said Commerzbank. Instead of growing by 1.5%, the real economy contracted by 0.1% in Q1 on a quarter-over-quarter annualized basis, noted the bank.
New AI Engine Forecasts CPI Ahead of Government Release LOS ANGELES, June 1, 2026 SoLo Funds, the largest AI-powered community banking solution in the U.S., today unveiled SoLo NowCAST?, a real-time consumer prediction engine built on financial behavior designed to anticipate inflation trends before the CPI is officially released.
China's central bank is making a broad push to increase the use of digital yuan at home and abroad, several industry sources said, setting Beijing on a different - and potentially competing - path from the United States in shaping the future of money.
Canadian Q1 gross domestic product showed the economy effectively stalled, contracting 0.1% quarter-over-quarter annualized, undershooting expectations, said TD after Friday's GDP data. The weakness was broad-based, noted the bank. Overall, the economy continues to muddle along with limited forward momentum, stated TD.
Canada's economy had a soft start to 2026, with real gross domestic product growth disappointing consensus expectations, while GDP was broadly unchanged in Q1 and the unemployment rate edged higher, RBC said.
Waldencast plc (WALD) today announced that it has entered into a definitive agreement to sell its Obagi Medical dermatological skincare and aesthetics business to Bridgepoint, one of the world's leading mid-market investors, in a transaction valued at up to $460 million, marking a significant step in Waldencast?s strategy to strengthen its balance sheet and focus on accelerating the global growth of M...
Growth momentum continued to soften in Q1 as downside risks persist in Canada, said Nomura after Friday's Q1 gross domestic product data. Real GDP fell 0.1% quarter-over-quarter annualized in Q1 after a revised 1.0% contraction in Q4, below consensus and the Bank of Canada's expectation, noted Nomura.
Euro area government bond yields rose on Monday as investors stayed wary of a potential U.S.-Iran deal to reopen the Strait of Hormuz, a development that could ease inflation pressures and reduce expectations for European Central Bank tightening. Borrowing costs tracked moves in oil prices - which were up 2.5% on Monday, but still below $95 - seen as a proxy for future inflation.
* Demand for European goods stagnated in May. * Britain's factories raised their prices at fastest rate since June 2022. * Private survey shows China's factory activity expanded in May. By Jonathan Cable and Leika Kihara.
Growth in euro zone manufacturing lost momentum in May as demand for goods stagnated and supply-chain disruptions linked to the Middle East war pushed input costs to their highest in four years, a survey showed on Monday.
Japan is on the verge of repeating the policy mishap that led to decades of economic stagnation as Iran war-induced inflation risks forcing the central bank to raise rates aggressively if it doesn't act on time, former Bank of Japan board member Makoto Sakurai said on Monday.
* Stagflation inevitable in Japan, ex-BOJ member Sakurai says. * Forgoing June rate hike could force rapid increases later. * Inflation may accelerate to around 3.5% from autumn, Sakurai says. By Leika Kihara.
The Bank of France will revise down its estimates for 2026 economic growth when it updates its forecasts in mid-June to reflect "the bad surprise" of the first quarter, the outgoing head of France's central bank said on Monday.
Euro area government bond yields rose on Monday as investors stayed wary of a potential U.S.-Iran deal to reopen the Strait of Hormuz, a development that could ease inflation pressures and reduce expectations for European Central Bank tightening. Borrowing costs tracked moves in oil prices, which were up 1.5% on Monday but below $95 and seen as a proxy for future inflation.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
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