News
Inflation in May was bad. These 7 things got way more expensive
1+ day, 21+ hour ago (263+ words) (NEXSTAR) " In case your credit card statement hadn't already made it clear, new federal data confirmed it on Wednesday: Inflation is back. Inflation reached its highest level in three years in May, the Labor Department announced. Consumer prices rose 4. 2% in…...
Groceries just had the biggest price hike in years. It's about to get even worse, experts warn
3+ week, 1+ day ago (538+ words) (NEXSTAR) " Federal inflation data confirms what you may have been feeling already: Groceries are getting more expensive. Unfortunately, things may be about to get a whole lot worse, economists are warning. The price of groceries rose 2. 9% in April compared to…...
Jerome Powell ends term as Federal Reserve chief clouded by Trump tumult
4+ week, 1+ day ago (913+ words) (The Hill) " Jerome Powell's stint leading the Federal Reserve is finished, but his battle with President Donald Trump is far from over. Powell's second four-year term as chair of the Fed board ended Friday, two days after his successor, Kevin…...
7-Eleven expects to close hundreds of stores in US, Canada this year
1+ mon, 3+ week ago (345+ words) 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 open during that same time. Seven & i Holdings Co. , the Japan-based parent of the…...
War in Iran sends inflation soaring and the mood of American consumers plunging
2+ mon, 4+ day ago (939+ words) Consumer prices rose 3. 3% in March from a year earlier, the Labor Department said Friday, up sharply from just 2. 4% in February and the biggest yearly increase since May 2024. On a monthly basis, prices rose 0. 9% in March from February, the largest such…...
Grand Rapids restaurant Electric Cheetah cuts prices
2+ mon, 4+ week ago (413+ words) GRAND RAPIDS, Mich. (WOOD) " While most restaurants are charging more these days, one restaurant in Grand Rapids is doing the opposite. The Electric Cheetah is cutting menu prices by roughly 30% and moving away from seed oils for all of its…...
Have tariffs affected the cost of flowers, chocolate ahead of Valentine's Day?
4+ mon, 2+ day ago (460+ words) GRAND RAPIDS, Mich. (WOOD) " With Valentine's Day quickly approaching, local florists and chocolatiers across West Michigan are preparing for one of their busiest weeks of the year. But with many flowers and chocolate coming from overseas, higher costs are adding…...
China's trade surplus surges 20% to a record $1. 2 trillion, even with Trump's tariffs
4+ mon, 3+ week ago (666+ words) China's'exports rose 5. 5% for the whole of last year to $3. 77 trillion, customs data showed, as Chinese automakers and other manufacturers expanded into markets across the globe. Imports flatlined at $2. 58 trillion. The 2024 trade surplus was over $992 billion. In December, China's exports climbed…...
Expert links COVID, inflation to restaurant closures
5+ mon, 2+ week ago (467+ words) GRAND RAPIDS, Mich. (WOOD) " Several West Michigan favorite restaurants, like Greenwell and House of Wine, went under this year, raising the questions: Why now? What makes this year different from those in the past? Economic expert Paul Isely, associate dean…...