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Resilience tested by inflation – RBC

Royal Bank of Canada (RBC) strategists argue that while the United States (US) consumer has remained resilient in 2026, persistent inflation and the earlier energy price shock have eroded households’ ability to absorb further price increases. They maintain a cautiously optimistic view on the US economy, highlighting strong high-income demand and a tight labor market, but warn that corporate pricing power may now be weakening.Inflation pressures strain household resilience”We’ve been consistent: One shouldn’t bet against…

Finance news

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A New York primary winner has a defiant message for OpenAI and Anthropic

The new Democratic nominee for a congressional seat in Manhattan had a strong message for the AI industry on Tuesday night.After defeating a crowded field of eight candidates in New York’s 12th congressional district, Micah Lasher, who won by 39.1%, took aim at the tech giants and their allies who spent…

Business

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Nearly 6,000 pounds of frozen meatloaf recalled for undeclared soy allergen

A recall has been issued for nearly 6,000 pounds of a frozen meatloaf and mashed potato product over an undeclared soy allergen, according to the Department of Agriculture’s Food Safety and Inspection Service (FSIS). North Dakota-based Power Plate Meals, LLC recalled about 5,795 pounds of its frozen Meatloaf with Garlic…

Investing

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