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“Bride asks guests to pay for dinner” Talk about being a cheapskate. There’s no denying that the cost of weddings have gotten out of hand. While soon-to-be brides and grooms are forced to do what they can to save a few bucks on their big day, one couple took things too far when asking guests…
Federal Reserve Chairman Jerome Powell hammered home the Fed’s 2-percent inflation target on Friday amid speculation that the bank could tolerate a higher annual inflation rate in the post-pandemic economy. “It is the Fed’s job to bring inflation down to our 2 percent goal and we will do so,” he said at a gathering of…
“Companies offer big raises to keep workers, adding to inflation” Workers who are staying in their jobs are getting their biggest pay raises in decades, putting pressure on inflation, according to a report from the Wall Street Journal. According to the Federal Reserve Bank of Atlanta, wages for employees who stayed at their jobs were…
“Inflation cost households an extra $10K” Inflation is over, the administration crows, even as Congress works to pass another massive spending bill — this time, $1.7 trillion. But struggling families know not to pop the cork yet. The consumer price index rose just 0.1% last month, bringing the 12-month rate to 7.1% — still higher…
“Quit gaslighting Americans, Joe — inflation is still terrible” Inflation was less bad in November than the month before, but a 7.1% rise in prices still means continued pain at the grocery store, buying presents or just paying electric bills. It’s nothing to celebrate — but that’s not stopping President Joe Biden. The Bureau of…
“Ikea plans to cut prices despite high inflation” Ingka Group, the owner of most IKEA furniture stores, is planning additional price cuts as some input costs ease, its retail manager told Reuters on Monday, a reversal from price hikes introduced last year to counter soaring inflation. The world’s biggest furniture retailer raised prices in its fiscal year at the end of…
“US companies dictate minimum prices on goods to retailers, shoppers left with fewer discounts” Shoppers will find fewer discounts on everything from toys to tortillas as companies increasingly set minimum prices on their goods to maintain profits and limit price cutting by retailers like Walmart and Amazon. For many years, manufacturers set the lowest price at which…
“Disney World to raise prices as soon as next month” Disney World will hike ticket prices to its four parks next month — with the cost of entering the Magic Kingdom expected to nearly double for the holidays. The Mouse House, which reported record sales for the year in its fiscal report last week, announced…
“Wholesale inflation eases to 8% in October” Prices at the wholesale level rose 8% in October from a year ago, the fourth straight decline and the latest sign that inflation pressures in the US are easing from painfully high levels. The annual figure is down from a revised 8.4% in September. On a monthly basis, the government…
“Disney fans post memes of CEO as Chucky, Hannibal Lecter” Outraged Disneyland fans slammed the Mouse House for jacking up ticket prices again — with some posting memes portraying CEO Bob Chapek as various Hollywood villains including Dr. Evil, Hannibal Lecter and the murderous doll from the “Chucky” horror franchise. Disneyland and neighboring California Adventure…