Tag: month

  • Inflation rose to 3.7% last month in last snapshot of consumer prices before the midterms | How h…

    Inflation rose to 3.7% last month in last snapshot of consumer prices before the midterms | How h…

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    Inflation rose to 3.7% last month in last snapshot of consumer prices before the midterms

    It’s the car repair, the doctor’s visit, the plane ticket, the computer upgrade, the new clothes.

    Inflation rose faster than expected last month, and more broadly than expected, with price pressures extending well beyond the pump, new Bureau of Labor Statistics data showed Wednesday.

    The latest Consumer Price Index showed that prices rose 0.6% in September from the month before, bringing the annual rate of inflation to 3.7%, up from 3.4% in August and above economists’ expectations for a 3.6% increase.

    A closely watched gauge of underlying inflation also ran hot last month: Core CPI, which excludes volatile food and energy prices, rose 0.3% from August and 2.6% from a year earlier (economists were expecting increases of 0.2% and 2.5%, respectively).

    How high inflation became a 'fact of life' in the U.S.

    U.S. consumers are in the midst of one of the longest stretches of elevated inflation of the past century. Some are beginning to act like it's a new normal, raising alarm bells for members of the Federal Reserve.

    Wednesday's consumer price index release showed a 3.7% increase year over year in September. CPI has now registered around 65 months — that's more than five years — of consecutive annual readings above 2%, a widely accepted target for inflation in the U.S.

    This yearslong spell of high inflation has cast a dark cloud over everyday Americans' view of the economy, and could shape everything from how they budget to how they vote in next month's midterm elections. At the Fed, leaders are left questioning whether consumers' inflationary expectations are becoming too entrenched to rein in.

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    Stock market today: Hot inflation report drops tech, drives S&P 500, Nasdaq down

    Stocks declined on Wednesday as investors digested hotter-than-expected inflation data, and bank earnings continued to roll in.

    The Dow Jones Industrial Average (^DJI) slipped 0.3% while the S&P 500 (^GSPC) declined 1%. The Nasdaq Composite (^IXIC) fell 1.5% after stocks staggered lower on Tuesday.

    September's Consumer Price Index (CPI) rose 3.7% year over year, versus 3.6% expected by economists. Higher gas and energy prices drove inflation higher, lowering the odds that the Federal Reserve will hold rates steady at its next policy meeting.

    Semiconductor stocks continued to sell off after the KOSPI index (^KS11) declined 12% over the past five days. Chip equipment maker ASML (ASML) on Wednesday posted record third quarter sales and raised its full-year outlook amid strong AI demand. Investors await Taiwan Semiconductor earnings on Thursday (TSM) for further confirmation of the AI boom.

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  • Man jailed for one month over alleged crime spree that halted freeway traffic | Police ‘smashed…

    Man jailed for one month over alleged crime spree that halted freeway traffic | Police ‘smashed…

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    Man jailed for one month over alleged crime spree that halted freeway traffic

    Five of the six males arrested on the Monash Freeway yesterday have been charged. (ABC News)

    A 19-year-old man has been jailed for his role in an alleged crime spree that halted traffic on a major Melbourne road.

    Ino Juol-Thor was among six people arrested in a dramatic police operation on Tuesday.

    A man charged after a dramatic arrest on Melbourne's Monash Freeway has pleaded guilty and been sentenced to a month in jail.

    The 19-year-old was among six males arrested after an alleged crime spree ended with a highly visible police operation at lunchtime yesterday.

    Cars were rammed and freeway traffic was brought to a standstill as more than a dozen police officers, many dressed in tactical gear, detained the males near Chadstone at midday.

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    The dynamic landscape of current events often brings forth significant discussions. Monitoring these developments provides crucial insights.

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  • ‘Pretty shattering’: Swan’s 12-month injury hell before finals breakout | ‘Makes us all walk ta…

    ‘Pretty shattering’: Swan’s 12-month injury hell before finals breakout | ‘Makes us all walk ta…

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    'Pretty shattering': Swan's 12-month injury hell before finals breakout

    Logan McDonald endured a gruelling 12-month nightmare before exploding on the September stage, writes Riley Beveridge

    THE QUALIFYING final was a long time coming for Logan McDonald.

    A personal-best six goals, the highest-rated game of his career, and all of it in a resounding victory against the reigning back-to-back premier Brisbane that ensured an undermanned Sydney side would now host a preliminary final this weekend.

    "It probably was [my best ever game]," McDonald tells AFL.com.au.

    It had felt like a long time coming because, for McDonald, there had been periods across the last 18 months when he wasn't sure when he'd be back. And that's on a footy field, let alone in September.

    Swans plan to ‘quieten Wharfie Time’ as star details Curnow impact

    In November 2020, an 18-year-old Logan McDonald packed his bags, took a flight from Perth to Sydney, and joined Lance Franklin at the Swans. He was “in absolute awe” of the AFL legend.

    Six years on, the former No.4 draft pick is sharing a forward line with another superstar spearhead, three-time Coleman Medal winner Charlie Curnow, as the Swans chase a grand final berth.

    “I’ve been very fortunate to play with two of the best forwards ever,” McDonald said ahead of Sydney’s preliminary final against Fremantle at the SCG on Friday night.

    “Obviously, when I came in very young with Bud, I was in absolute awe of him and just looked up to him with everything he could do.

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  • July was the hottest month in the US since records began in 1895 | Contiguous US breaks its recor…

    July was the hottest month in the US since records began in 1895 | Contiguous US breaks its recor…

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    July was the hottest month in the US since records began in 1895

    July was the hottest month ever recorded in the United States, according to data released Monday by the National Oceanic and Atmospheric Administration. The month featured long, intense heat domes that led to record hot temperatures from the East Coast to the Plains and Southwestern states. NOAA’s temperature records date back to 1895.

    By the end of the month, large wildfires were burning in the Pacific Northwest and Canada, mirroring what has been taking place in Europe, which is having its hottest summer on record.

    July’s average temperature in the Lower 48 states was 3.3 degrees Fahrenheit above the 20th-century average, NOAA reported. This was about 0.1 to 0.2 degrees warmer than July 1936 and July 2012 — the previous record holders — NOAA stated.

    Contiguous US breaks its record for hottest month ever, NOAA says

    The contiguous United States sizzled to its hottest month ever last month, according to the National Oceanic and Atmospheric Administration. July averaged 76.89 degrees Fahrenheit (24.94 degrees Celsius) across the Lower 48 states, eclipsing the Dust Bowl’s July 1936 by an eighth of a degree.

    KENSINGTON, Maryland (AP) — The contiguous United States sizzled to its hottest month ever last month, according to the National Oceanic and Atmospheric Administration.

    July averaged 76.89 degrees Fahrenheit (24.94 degrees Celsius) across the Lower 48 states, eclipsing the Dust Bowl’s July 1936 by an eighth of a degree. Records go back to 1895.

    “It’s not good when you’re breaking records from the Dust Bowl, which we are in this case,” said meteorologist Jeff Masters of Yale Climate Connections. “And that was a crazy sort of situation where you put tens of millions of people in motion. You had this great migration because of the drought and the heat that hit the center of the U.S. — just a cataclysmic event in U. S. history. If we’re exceeding records from The Dust Bowl, that says that we’re in deep trouble.”

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    July was hottest month ever recorded in US as heatwaves scorched country

    Scientists have made clear that the elevated heat in the US was being amplified by the human-caused climate crisis

    July was the hottest month ever recorded in the US, with repeated, scorching heatwaves across much of the country helping shatter all previous monthly temperature records stretching back over the full 132 years of reliable measurements.

    Last month’s average temperature was 3.3F (1.8C) higher than the 20th century average for the contiguous United States, which excludes Alaska and Hawaii, according to new data from the National Oceanic and Atmospheric Administration (Noaa).

    This means the month was the hottest July, and hottest of all months, in records that go back to 1895. It surpasses previous high marks set in July 1936, in the teeth of Dust Bowl conditions, and July 2012.

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  • Public transport free for another month, and half-price until 2027 | Australia news live: free pu…

    Public transport free for another month, and half-price until 2027 | Australia news live: free pu…

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    Public transport free for another month, and half-price until 2027

    Add articles to your saved list and come back to them anytime.

    Public transport in Victoria will be free until the end of May and then half-price to the end of 2026, as the state government expands its cost-of-living policy while fuel prices stay high.

    Premier Jacinta Allan will on Sunday announce the major discounts to travel on all public train, tram and bus trips, in an extension of Labor’s free public transport for April.

    The $400 million policy, a key part of the government’s May budget, extends free public transport until the end of next month and halves fares from June 1 until the end of the year – a month after the state election.

    Australia news live: free public transport in Victoria extended; man charged with murder in NSW

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    A comics and gaming convention in Melbourne will continue on Sunday morning, after a person was killed and another seriously injured leaving the event last night.

    A car struck pedestrians outside the event at Melbourne showgrounds shortly before 5pm on Saturday, with the driver under police guard in hospital.

    In a statement issued later on Saturday night, Supanova organisers said the event would continue with a minute’s silence the following morning. Organisers said:

    double quotation markWe here at Supanova Comic Con & Gaming are deeply saddened and distressed by the incident that occurred outside the Melbourne Showgrounds this evening.

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    Vic extends free public transport, defying IMF inflation warning

    The Victorian Labor government is extending its free public transport offer for another month, and will then offer half price fares until the end of the year, in a $400 million election sweetener and response to war in the Middle East.

    The free trains, trams and buses – both for metropolitan and regional lines – covered April at an estimated cost of $71 million in foregone revenue and will now be extended across May with half price fares promised to continue beyond the November state election until the end of the year.

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  • The 16-month battle to reveal the truth about Sydney Water’s poo balls | Coogee beach has a poo…

    The 16-month battle to reveal the truth about Sydney Water’s poo balls | Coogee beach has a poo…

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    The 16-month battle to reveal the truth about Sydney Water’s poo balls

    After debris balls closed Sydney beaches in October 2024, Guardian Australia reported they could be linked to sewage outfalls. Authorities were less keen to talk

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    Last week, after torrential rain in Sydney, fresh poo balls washed up on the beach at Malabar, the closest beach to the problematic Malabar sewage treatment plant.

    Signs were erected on the beach warning people not to touch the “debris balls” or swim. But authorities didn’t let the wider community know. There were no other warnings issued by Sydney Water, the Environment Protection Authority (EPA) or the state government.

    Coogee beach has a poo-ception problem … best steer clear

    Australian summers are synonymous with beaches: an unbreakable part of our national psyche, a gathering place we hold dear. A place to holiday, celebrate, rejuvenate and heal. In this summer series, we asked local identities and journalists to tell us about their favourite spot.

    Scorned with the nickname “Poogee” because of its long-running stormwater woes, it was recently ranked as the Sydney swim spot most polluted with faecal matter, according to the 2024-25 NSW State of the Beaches report.

    This comes a year after mysterious black balls containing traces of human faeces, methamphetamine and nasty oils washed up on its sands in October 2024.

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    Coogee beach has a poo-ception problem … best steer clear

    Australian summers are synonymous with beaches: an unbreakable part of our national psyche, a gathering place we hold dear. A place to holiday, celebrate, rejuvenate and heal. In this summer series, we asked local identities and journalists to tell us about their favourite spot.

    Scorned with the nickname “Poogee” because of its long-running stormwater woes, it was recently ranked as the Sydney swim spot most polluted with faecal matter, according to the 2024-25 NSW State of the Beaches report.

    This comes a year after mysterious black balls containing traces of human faeces, methamphetamine and nasty oils washed up on its sands in October 2024.

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  • One month on, Australia’s social media ban risks becoming symbolic | Social media ban: Is Austr…

    One month on, Australia’s social media ban risks becoming symbolic | Social media ban: Is Austr…

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    One month on, Australia’s social media ban risks becoming symbolic

    If the Albanese government intends this ban to be enforceable law, it must demonstrate a willingness to confront global technology companies when they fail to comply.

    Gift 5 articles to anyone you choose each month when you subscribe.

    It has now been one month since Australia’s under-16 social media ban came into effect on December 10, and early signs suggest the legislation may be drifting into an uncomfortable space: morally correct in intent, but weak in execution.

    In the past four weeks, many teenagers who were already active on platforms such as Instagram and Snapchat report little meaningful change. Some accounts were suspended, but many were not. Others were quickly reactivated through obvious workarounds – parental accounts, altered age settings, or alternative verification methods.

    Social media ban: Is Australia's experiment working?

    SBS acknowledges the Traditional Custodians of Country and their connections and continuous care for the skies, lands and waterways throughout Australia.

    Recently Australia has implemented a law banning children under 16 from having social media accounts, including TikTok, Facebook, Snapchat, Reddit, X, formerly Twitter, and Instagram. Credit: TheOceanCleanup

    SBS acknowledges the Traditional Custodians of Country and their connections and continuous care for the skies, lands and waterways throughout Australia.

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    Terror watchdog calls for Australian-style under-16s social media ban

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    The UK should enforce an Australian-style social media ban to prevent teenagers from being radicalised online, the Government’s independent terrorism watchdog has suggested.

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