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News
Here’s how much your Social Security benefit could rise in 2027
9+ hour, 33+ min ago (710+ words) Social Security benefits are projected to increase by as much as 3.8% in 2027, according to initial estimates of advocacy groups. The Senior Citizens League, or TSCL, projected a one-percentage point increase in the 2027 cost-of-living adjustment to 3.8% from 2.8% in 2026. Meanwhile, AARP, a…...
Between prices and a diarrhea-causing parasite, lettuce is causing hard times at some restaurants
1+ week, 1+ day ago (810+ words) It’s been a choppy year for restaurants that lean into lettuce. Lettuce prices rose sharply in the first half of 2026 due to hot weather in Arizona, where about one-third of America’s lettuce is grown. Now, restaurants are dealing with the…...
Americans rewire their grocery shopping routines while digesting the biggest price jump in 50 years
1+ week, 2+ day ago (1828+ words) What’s for dinner? Lately, at Apral Jack’s house, it’s whatever is on sale. Jack scouts an app for deals at her local supermarket before she buys groceries. When she reaches the store, she grabs the weekly circular to look for…...
Will tough talk be enough? Fed Chair Warsh faces pressure to combat inflation
1+ week, 2+ day ago (720+ words) The Iran war has reignited, pushing oil and gas prices higher — a trend that will worsen inflation in the coming months. Soaring investment in the artificial intelligence buildout is raising the cost of laptops, smart phones and electricity. And price…...
The ‘rockets and feathers’ effect: Inflation eases but grocery bills do not
1+ week, 2+ day ago (806+ words) Economics has a term for what U.S. grocery prices have done in recent years: rockets and feathers. Rockets, because the cost of food eaten at home zoomed up in the aftermath of the pandemic. Feathers, because once prices rise, they’re slow…...
Manufacturing sector shows mixed results under President Trump’s policies
1+ week, 4+ day ago (324+ words) President Donald Trump visited Michigan to promote his economic policies less than 100 days from midterm elections. The president’s economic agenda is aimed at revitalizing American manufacturing, but federal data shows mixed results in job growth and factory construction spending under…...
Inflation cools in June as oil prices drop. Here’s where prices dropped and where they increased
3+ week, 3+ day ago (213+ words) Inflation cooled to 3.5% in June year over year, after surpassing 4% in May for the first time in three years, based on the latest U.S. Bureau of Labor Statistics report. The apparent easing was a result of a decrease in the energy…...
Average 30-year US mortgage rate falls to 6.43%, its lowest level in seven weeks
1+ mon, 5+ day ago (462+ words) The average long-term U.S. mortgage rate fell this week to its lowest level since mid-May, easing borrowing costs for prospective homebuyers. The benchmark 30-year fixed rate mortgage rate fell to 6.43% from 6.49% last week, mortgage buyer Freddie Mac said Thursday. One year…...
Stocks slide as Big Tech sinks and bond yields surge after a strong May jobs report
2+ mon, 2+ day ago (296+ words) Stocks fell on Wall Street Friday as big technology companies lost ground and weighed down the broader market. Meanwhile, bond yields surged as a strong jobs report continued to dim expectations that the Federal Reserve will cut its benchmark interest…...
Inflation cuts Americans’ savings to 2.6% | Here’s how to save
2+ mon, 1+ week ago (394+ words) Newly released data shows Americans are saving much less as inflation sits at a three-year high. Data from the U.S. Department of Commerce shows inflation jumped to 3.8% in April compared to a year ago, as gas prices, groceries and other expenses…...