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News
Beef has never been pricier—and meatpackers are suffering
40+ min ago (259+ words) The industry certainly is concentrated. Just four companies—Tyson Foods, Cargill, JBS and National Beef—slaughter 85% of America’s cattle. Trustbusters have had the oligopoly in SINCE 2020 the price of beef in America’s shops has soared by around 70%, more than twice…...
Gasoline likely to boost US consumer prices
11+ hour, 35+ min ago (365+ words) WASHINGTON: US consumer prices likely accelerated in August as the cost of gasoline rebounded after two straight monthly declines, which would reinforce financial market expectations that the Federal Reserve could raise interest rates next week. The Labor Department’s Consumer Price…...
Rising oil prices create 'huge worry' as winter looms
3+ hour, 9+ min ago (1013+ words) Cheryl Cottle-Hunkin said uncertainty was one of the biggest concerns for rural residents Thousands of households who rely on heating oil could face a fresh squeeze on their finances this winter as global tensions continue to push up fuel prices,…...
CPI today: U.S. consumer prices rose 0.4% in August, annual 3.4%
1+ day, 16+ hour ago (279+ words) The Consumer Price Index rose 0.4% in August and 3.4% from a year earlier, the U.S. Bureau of Labor Statistics reported in its August CPI release, a result closely watched in cpi today coverage. The BLS news release says “The Consumer Price Index…...
August CPI Report Highlights Stubbornly High Inflation
1+ day, 8+ hour ago (379+ words) Some of last month’s major inflation drivers could be one-offs, but economists say energy price spillover remains a risk. The August Consumer Price Index report showed inflation remained elevated as rising energy prices rippled through the economy. Analysts say the…...
SA Asks: How divided will the FOMC vote be next week on raising rates?
12+ hour, 4+ min ago (661+ words) The Federal Reserve's Federal Open Market Committee is slated to vote this coming Wednesday on whether to raise, maintain, or lower interest rates. We asked Seeking Alpha analysts Leo Nelissen, Michael Kramer, Lawrence Fuller, and Michael Gray how divided they…...
Inflation Doesn’t Cooperate
1+ hour, 49+ min ago (1265+ words) But first, let me take you back to the early morning in Grapevine, Texas on September 11, Twenty-five years ago. Our phones began ringing with friends telling us to turn on the TV. We saw the tragedy. I was managing a…...
Amazon workers on food stamps have tripled despite its record revenue???and it???s just the latest evidence of the new economy of shrinking labor shares
2+ hour, 11+ min ago (600+ words) The U.S. workforce has just made the type of history it likely wishes it didn’t. Working Americans are taking home the smallest percentage of economic output, 52.8%, since the Bureau of Labor Statistics began tracking the metric in 1947. But as the share…...
US prices remain high as fuel costs squeeze household budgets
1+ day, 14+ hour ago (626+ words) Prices in the US rose by 3.4% in the year to August, with the cost of living pushed up by higher gasoline prices, official figures show. The overall inflation rate was unchanged from July, according to the Bureau of Labor Statistics…...
August was brutal for consumers. September could be worse
20+ hour, 7+ min ago (280+ words) Not surprisingly, lettuce prices continued to trend in the other direction, likely from the cyclospora “explosive diarrhea” outbreak, though the Food and Drug Administration declared an end to the problem Friday, after nearly 13,000 people across 21 states were sickened by the…...