Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. U.S. Treasury Secretary Scott Bessent defended the Trump administration’s handling of inflation and the affordability crisis, which he said was inherited from the previous administration led by President Joe Biden. Trump ‘Inherited’ This Crisis On Sunday, in a post on X, Bessent said that “When President Trump took office, Americans were experiencing an affordability crisis from the Biden administration,” ...

Oct 27, 2025 5:28 PM Eastern Daylight Time Pinnacle Bancshares Announces Results for Third Quarter Ended September 30, 2025 Share JASPER, Ala.--(BUSINESS WIRE)--Robert B. Nolen, Jr., President and Chief Executive Officer of Pinnacle Bancshares, Inc. (OTCBB: PCLB), today announced Pinnacle's third quarter results of operations. Pinnacle's net interest margin was 3.20% and 3.17% for the three and nine months ended September 30, 2025, respectively, compared to 3.24% and 3.18% for the three and nine months ende ...

Core Viewpoint - The stock market has experienced a significant rally despite adverse economic indicators, raising concerns about the sustainability of this growth [1]. Economic Indicators - The unemployment rate has reached its highest level since 2021, and inflation, as measured by the Consumer Price Index, increased to 3% in September from 2.3% in April [3]. - Earnings for S&P 500 companies are projected to have risen by 9.2% in the third quarter, with a net profit margin estimated at 12.8%, up from 12.4% the previous year [8]. Market Performance - The S&P 500 has rallied 35% since early April when President Trump paused most reciprocal tariffs, with a year-to-date gain of 15.5% [1]. - The forward price-to-earnings ratio for the S&P 500 is near 23, a level historically associated with lackluster returns [3]. Analyst Sentiment - Analysts, including those from Bank of America, are adjusting their forecasts in light of the current market conditions and potential risks [4]. - There is a notable uncertainty in the market due to tariffs, which previously caused a nearly 20% decline in the S&P 500 [5]. Corporate Strategies - Companies have managed to offset profit impacts by negotiating lower prices from vendors and implementing cost-cutting measures, including layoffs and passing price increases to consumers [6][11]. - Nearly 1 million workers have been laid off in the U.S. through September, marking a 55% increase from the previous year, indicating struggles within the labor market [9].

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Wall Street is discreetly gearing up for a significant alteration in the Federal Reserve’s $6.6 trillion balance sheet, coinciding with a sudden rise in Bitcoin‘s (CRYPTO: BTC) price. According to a report, Bitcoin’s price has recovered from a recent “flash crash,” soaring nearly 10% and surpassing $111,000. This development occurs as the Wall Street heavyweights prepare for the Federal Reserve to halt th ...

Food Insecurity Crisis - A Louisville food pantry ran out of food for the first time in almost 50 years due to increased demand [2] - Demand is outpacing available resources, creating a "perfect storm" for vulnerable populations [4][5] - Rising costs of groceries, rent, insurance, utilities, and transportation exacerbate the problem for those on fixed incomes [5][6] Resource Constraints - USDA food amounts received by pantries in Metro Louisville are down between 30% and 50% [7] - Pantries are serving an average of 130 people per day, three days a week [8] Call to Action - The community needs to step up and help their neighbors by increasing donations to food pantries [9] - Individuals should inquire about the specific needs of their local pantry and offer volunteer assistance [9] - Referring people to other pantries is a temporary solution, highlighting the need for increased support [8]

U.S. Treasury Secretary Scott Bessent has whittled down his short list of candidates to replace Federal Reserve Chairman Jerome Powell to five individuals, he said on Air Force One, The Wall Street Journal reported.  Some have connections to the central bank and the White House, while another is a Wall Street powerhouse.President Donald Trump has kept up his verbal criticism of Powell for not cutting interest rates fast or deep enough, calling the Chairman a "stubborn moron" and "Jerome Too Late Powell", am ...

In late 2024, the United Kingdom experienced significant disinflation. However, this trend reversed in 2025 as CPI inflation increased sharply by July and remained at that level through September with inflation averaging 2.8% in Q1 of 2025 before climbing to 3.5% in Q2. The sharp reversal stems from a combination of domestic policydriven cost increases, global commodity pressures, and lingering effects from past economic shocks.Food price inflation has been the primary driver, rising 5.1% in August of 2025 ...

is what's interesting is that many people say that they're optimistic about their retirement. They're confident that they'll have enough money to be able to cover retirement um essential costs and things that they're going to need to pay for. The reality is though that they haven't done the planning to make sure that they are going to be able to do that.What the survey show is when you look at the essential expenses in retirement, 89% of people in the United States that they'll be able to cover them. 90% in ...

In the wake of the US government shutdown, which delayed official jobs and CPI reports, the Federal Reserve is expected to pivot to private sector indicators for insights into labor markets and inflation. Key alternatives include the ADP employment report, which tracks payroll data from over 26 million workers and has shown some long-term correlation with the BLS non-farm payrolls data. Although the short-term correlation is pretty weak, ISM manufacturing and services indexes, which are real-time surveys on ...

Looking ahead to the week ahead. Lots of tech earnings come Wednesday and Thursday. Big meeting between the US and Chinese leader coming up on Thursday, too.Sandwiched in between somewhere, a Federal Reserve decision that we're all taking for granted make the case just an assumption. They cut interest rates again and it's easy sailing, except you and I both know it's different that committee. Mike, how difficult will it be for the Chairman Powell, to communicate anything beyond the October decision.Oh, it's ...