News
Report shows Texas restaurants are still struggling
1+ hour, 28+ min ago (293+ words) SAN ANTONIO " A recent report shows what restaurant owners have been telling us all year long: that the cost of goods and fuel prices are affecting their businesses." Sergio Calderon loves making his food fresh. He says he's seen it…...
U. S. producer prices rose 6. 5% in May on higher energy prices
2+ day, 3+ hour ago (202+ words) WASHINGTON " U. S. producer prices climbed last month at the fastest pace since November 2022, fueled by a surge in energy prices. The Labor Department reported Thursday that its producer price index " which captures inflation before it reaches consumers " jumped 6. 5% from May 2025. It…...
Inflation rises to 3-year high on spiking gas prices
3+ day, 3+ hour ago (421+ words) WASHINGTON " Rising gas prices pushed inflation to its highest level in three years last month, a headache for the Federal Reserve and a potential political challenge for the Trump administration as midterm elections near. Consumer prices rose 4. 2% in May from…...
High diesel prices may dampen summer lobster fishing season
1+ week, 4+ day ago (475+ words) KENNEBUNK " Higher diesel fuel prices are worrying lobster fishermen in Maine, just as the summer fishing season is beginning to ramp up. "It's going to be more expensive for them to fish if this continues," said Marianne La Croix, executive…...
Home prices, sales both up in April
2+ week, 22+ hour ago (165+ words) AUGUSTA " Housing prices in Maine went up in April, along with sales volume, at the beginning of what the Maine Association of Realtors is calling "the busy season." The median sales price for a single-family home in Maine stood at…...
Key inflation gauge worsens as Americans' income and spending power erodes
2+ week, 1+ day ago (577+ words) WASHINGTON " A key inflation gauge accelerated in April to the highest level in three years, squeezing Americans' finances and creating political challenges for President Trump and congressional Republicans with midterm elections just five months away. Inflation jumped to 3. 8% in April…...
Consumer confidence dented with gas prices around $4. 50, inflation elevated
2+ week, 4+ day ago (245+ words) WASHINGTON " U. S. consumer confidence declined slightly this month as gas prices stayed high and inflation remained elevated, a sharp contrast to soaring stock prices that have neared record levels. The Conference Board's consumer confidence index slipped 0. 7 points to 93. 1 in May, the…...
Homebuyers and sellers are having to adjust expectations
2+ week, 6+ day ago (320+ words) CLEVELAND "Between inflation and the Iraq war, people are worried about rising pricing for everything from food to gas. But experts say it's affecting the big purchases, too, like the price of buying a home. Mortgage rates jumped nearly half…...
Trump administration and EPA roll back refrigeration rules
3+ week, 18+ hour ago (244+ words) JAMESTOWN N. Y. "President Donald Trump and the U. S. Environmental Protection Agency are loosening a federal rule that currently reduces powerful greenhouse gases used in refrigeration units at grocery stores. "Very, very important and good. The government has actually reassessed science. For the…...
Consumer sentiment falls to new record low in May, survey says
3+ week, 1+ day ago (237+ words) More than half of surveyed consumers (57%) mentioned that high prices were eroding their personal finances " up from 50% in April. Inflation increased to an annual rate of 3. 8% in April as the Iran war led to higher prices on fuel and food....