News
Key inflation gauge jumps to 3-year high in latest sign of affordability challenges
3+ hour, 33+ min ago (652+ words) WASHINGTON -- The Federal Reserve's preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising costs could pose political problems for President Donald Trump and his political party as midterm elections near. Consumer…...
Higher prices for gas, groceries and flights will likely outlast the Iran war
1+ week, 2+ day ago (1179+ words) NEW YORK -- A tentative deal to end the Iran war makes it reasonable to ask how soon prices will drop for gasoline, groceries, airline tickets and other items that got more expensive during the conflict. Not so fast, experts say....
US producer prices spike in May as soaring energy prices fuel largest yearly jump since 2022
2+ week, 2+ hour ago (359+ words) WASHINGTON -- U. S. producer prices climbed last month at the fastest pace since November 2022, fueled by a surge in energy prices after the start of the Iran war. The Labor Department reported Thursday that its producer price index -- which captures inflation before…...
U. S. households, businesses stung by higher energy prices that have pushed inflation above 4%
2+ week, 1+ day ago (963+ 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…...
California falls behind Texas in Fortune 500 ranking
2+ week, 3+ day ago (669+ words) Texas has dethroned California as the state with the most Fortune 500 companies. The Fortune 500 list ranks the largest U. S. companies by revenue. This year, 57 of the top companies are headquartered in Texas, compared with California's 56. It's a reversal from two years…...
Tomatoes become latest symbol of America's affordability squeeze
3+ week, 5+ day ago (635+ words) NEW YORK -- Tomatoes, ubiquitous in everything from fast-food burgers to haute cuisine, are taking on a new role beyond the plate: A nagging reminder of rising costs. Prices for those red orbs have soared more than any other food product…...
Producer prices shot up 6%, adding pressure on companies to hike prices for struggling customers
1+ mon, 1+ week ago (698+ words) WASHINGTON -- U. S. wholesale inflation came in hot last month. Producer prices rose 6% from a year earlier, the highest point in more than three years, as the Iran war pushes up energy prices and intensifies pressure on companies to pass along their…...
EDITORIAL | Shared Sacrifice? Rich immune to financial hardships brought on by Iran War
1+ mon, 1+ week ago (94+ words) Texarkana Gazette EDITORIAL | Shared Sacrifice? Rich immune to financial hardships brought on by Iran War Many American working men and women are struggling financially these days. Their paychecks lag far behind rising prices for just about everything from housing to…...
Iran war hits home as gas prices fuel inflation surge of 3. 8% in the US
1+ mon, 1+ week ago (598+ words) WASHINGTON -- U. S. consumer prices climbed sharply again last month as the 10-week war with Iran delivered higher gasoline prices and more pain for Americans. Labor Department figures showed that gasoline prices are up more than 28% compared with a year ago. However,…...
7-Eleven expects to close hundreds of its stores in North America this year
2+ mon, 1+ week ago (360+ words) NEW YORK -- Convenience chain 7-Eleven expects to close hundreds of its locations this year. According to earnings filings published last week, 7-Eleven's North American operator plans to close 645 stores in the 2026 fiscal year -- outpacing the 205 locations it forecasts it will…...