News
Are menu prices coming down? | Let's Eat
2+ hour, 46+ min ago (600+ words) We dip into boozy ice cream, track a new game cafe, and puzzle over the second explosion at New York Bagels. Oh, and free pop tarts. Inflation may be soaring but not every food establishment is raising prices. Also in…...
From omakase to cupcakes, Philly businesses are cutting prices
4+ hour, 45+ min ago (934+ words) Hiroki has cut its omakase price and Termini Bros. has rolled back on pastries. The idea, the owners say, is to keep customers coming back. At Hiroki, a 21-course omakase is now about $35 cheaper than a year ago. At Termini…...
How the U. S. is trying to ensure the dollar's dominance during economic turmoil
1+ day, 4+ hour ago (590+ words) As the government has been devising plans to reinforce use of the dollar, including currency "swaps," China has been making its own moves to increase global influence of the renminbi. WASHINGTON " The summit between President Donald Trump and China's top…...
Iran's rial currency hits record low as shaky ceasefire with US and Israel still holds
2+ week, 2+ hour ago (424+ words) TEHRAN, Iran " Iran's national rial currency hit a record low Wednesday of 1. 8 million to $1 as a shaky ceasefire with the U. S. and Israel still holds. The rial had remained stable in the early weeks of the war, which began Feb. 28, in…...
The Iran war could drive up costs for petroleum-derived products like clothes and crayons
2+ week, 3+ day ago (1107+ words) I think this situation demonstrates how much oil permeates throughout our system, and we can't get away from it," said a Florida toymaker. NEW YORK " It might be hard to imagine the Iran war weighing on stuffed toys with names…...
Soaring stock market doesn't mean economy has recovered | Expert Opinion
2+ week, 3+ day ago (560+ words) Consumer sentiment is lagging despite a record stock market. Small-business owners, meanwhile, appear nervous but not panicked, writes economist Mark Zandi. Judging by the soaring stock market, investors ostensibly think the economy is doing great. Stock prices briefly took it…...
Justice Department drops criminal probe of Fed chair Powell, likely clearing way for Warsh
2+ week, 4+ day ago (276+ words) The end of the prove clears a major roadblock to the confirmation of his successor, Kevin Warsh. WASHINGTON " The Justice Department has ended its probe into Federal Reserve chair Jerome Powell, clearing a major roadblock to the confirmation of his…...
Americans continue to bear the cost of Trump's chaos | Editorial
3+ week, 23+ hour ago (712+ words) The average U. S. family will pay more than $2, 500 this year thanks to the president's tariffs, even as Trump's war of choice in Iran adds to the price pressures on consumers. Last April, Donald Trump announced what will go down as one…...
US wholesale prices surged 4% last month as the Iran war sent energy prices soaring
4+ week, 1+ day ago (487+ words) WASHINGTON " U. S. wholesale prices surged last month as the Iran war drove up the cost of energy. The Labor Department reported Tuesday that its producer price index " which measures inflation before it hits consumers " rose 0. 5% from February and 4% from March 2025. The…...
Inflation may jump by most in nearly four years as gas prices spike in wake of Iran war
1+ mon, 3+ day ago (754+ words) Inflation probably rose to 3. 4% in March compared with a year ago, economists estimate, which would be a sharp increase from February's 2. 4% increase. WASHINGTON " Soaring gas prices are expected to produce a spike in inflation when the government reports consumer prices…...