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“Beef, chicken prices surge, hit Memorial Day record highs” Americans enjoying their barbecues during the unofficial start of summer this Memorial Day weekend likely paid a premium for ground beef and chicken, according to the latest federal data. Prices for meat rose 0.7% between March and April of this year, the US Department of Agriculture…
“Here’s how Team Biden is fueling food inflation” Going food shopping feels like getting punched in the gut. You pick up a whole roasting chicken, hoping it will feed four, and see the price — more than $10 in many New York-area stores. A staggering $18 if the bird’s organic. Apples are close to $3 a…
“The Fed could turn the housing market from boom to bust” Herb Stein famously said that if something cannot go on forever, it will stop. Those buying houses in the belief that today’s rapid rate of home price increases will continue indefinitely might take note of the economist’s adage. With the Federal Reserve beginning to…
“Key inflation gauge jumped 6.6% in March, most since 1982” An inflation gauge closely tracked by the Federal Reserve surged 6.6% in March compared with a year ago, the highest 12-month jump in four decades and further evidence that spiking prices are pressuring household budgets and the health of the economy. Yet there were signs…
“Fears of recession are everywhere — except the White House” With prices soaring, labor shortages, the Ukraine war raging, supply-chains snarled and interest rates now set to rise, fears of a looming recession are everywhere. Except, of course, at the White House — which is in utter denial. Just as it was over inflation. “‘Inflation…
“Inflation surges 8.5% in March to highest level since 1981” Costly inflation climbed even higher to a new four-decade high of 8.5% in March as the Russia-Ukraine war contributed to a record surge in gas prices and exacerbated existing supply chain disruptions — forcing Americans to pay even more for basic goods. The latest uptick…
“The price of eggs is surging due to a strand of avian flu” A deadly and highly contagious strain of avian flu has forced American farmers to kill millions of hens, which has slashed the supply of eggs and made the breakfast staple more expensive. Retailers in the Midwest recently were buying a dozen large…
“Struggling Peloton to explore new price models” Peloton said on Thursday it would explore various pricing models in select US markets, as the exercise bike company looks to attract more customers and return to profitability. Peloton, which saw its shares tumble more than 80% in the past year due to waning demand for the company’s stay-at-home exercise…
“Food prices across globe skyrocket by 20.7 percent across globe” World food prices, led by the skyrocketing costs of dairy and vegetable oils, reached record highs in February. The shocking 20.7% yearly increase in food costs was reported Friday by the United Nations’ Food and Agriculture Organization, which tracks the prices of food staples. The…
“#Disney slammed for price hikes at theme parks, longer wait times” “The Most Magical Place on Earth” is being rebranded as “The Most Expensive Place on Earth” by angry customers, who slammed Disney for price hikes at its Disney World and Disneyland theme parks. Disney customers took to Reddit over the past week to rip…