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News
Americans rewire their grocery shopping routines while digesting the biggest price jump in 50 years
12+ hour, 1+ min ago (1840+ 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…...
The ‘rockets and feathers’ effect: Inflation eases but grocery bills do not
10+ hour, 11+ min ago (780+ 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…...
Key inflation gauge jumps to 3-year high in latest sign of affordability challenges
1+ mon, 10+ hour ago (551+ words) Consumer prices rose 4.1% in May from a year earlier, the Commerce Department said Thursday, the largest annual increase since April 2023. On a monthly basis, inflation was 0.4% last month, matching April’s increase and down from 0.7% in March. New Fed chair Kevin…...
US households, businesses stung by higher energy prices that have pushed inflation above 4% - Boston News, Weather, Sports | WHDH 7News
1+ mon, 2+ week ago (643+ words) Consumer prices rose 4.2% in May from a year earlier, the Labor Department said Wednesday, up from 3.8% in April and the third straight monthly increase. On a monthly basis, prices rose 0.5% last month, after big gains of 0.6% in April and 0.9% in…...
Wall Street holds steadier as AI stocks recover some of their sell-off
1+ mon, 2+ week ago (509+ words) The S&P 500 added 0.3%, coming off a drop of 2.6% from Friday that was its worst since October. The Dow Jones Industrial Average dipped 80 points, or 0.2%, and the Nasdaq composite climbed 0.9%. Some of the best performers were companies that sell computer…...
Federal Reserve keeps key rate unchanged even as four officials dissent, most in almost 34 years
2+ mon, 3+ week ago (475+ words) The Fed on Wednesday kept its short-term rate at 3.6% and retained language in its statement suggesting the next move would be a rate reduction. Three officials dissented in favor of removing the reference to a future cut, while a fourth,…...
US consumer confidence inches higher in April despite Iran war, soaring gasoline prices
2+ mon, 3+ week ago (485+ words) The Conference Board said Tuesday that its consumer confidence index inched up to 92.8 in April from 92.2 in March. Though the gauge measuring American consumers’ confidence has ticked up the past two months, the reading remains mired near its lowest level…...
Trump’s tariffs are hurting American manufacturers instead of helping them
4+ mon, 1+ week ago (1038+ words) But the tariffs at the core of Trump’s economic agenda have wreaked havoc on his company, Allen Engineering Corp., which makes industrial equipment used to install, finish and pave concrete. The import taxes have raised the costs of engines, steel,…...
Key inflation gauge worsened in January, before Iran war lifted gas prices
4+ mon, 1+ week ago (227+ words) WHDH The shutdown created a backlog of data that is nearly cleared.Yet excluding the volatile food and energy categories â which the Fed pays closer attention to â core prices rose 3.1%, up from 3% in the prior month and the…...
Energy prices soar to levels not seen in years as Iran names new supreme leader and digs in
4+ mon, 2+ week ago (707+ words) Oil prices spiked near $120 per barrel before falling back Monday as the Iran war intensified, threatening production and shipping in the Middle East and pummeling financial markets. The price for a barrel of Brent crude, the international standard, surged to…...