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“#Inflation stays high as prices leap 5.4 percent from year ago” Inflation continued to surge in July, but appeared to settle close to the fastest pace in almost 13 years as the economy continues to emerge from the pandemic, the feds said Wednesday. The Labor Department’s Consumer Price Index, which measures a basket of goods and…
“#Ether up 3.4 percent following major software upgrade” Ethereum, the second-largest blockchain network, went through a major software upgrade on Thursday, which is expected to stabilize transaction fees and reduce supply of the ether token. After initially trading lower going into the upgrade, ether regained momentum, last up 3.4 percent at $2,775.32. The adjustment, called Ethereum Improvement…
“#Ex-Pilgrim’s Pride executives indicted in chicken price-fixing case” A federal grand jury has indicted four former executives at Pilgrim’s Pride, one of the largest US poultry producers, for their roles in an alleged price fixing conspiracy for broiler chicken products. Koch Foods, an Illinois chicken company, was also indicted separately for allegedly being part of the conspiracy…
“#Disney hikes price of ESPN+, Hulu bundle cost remains unchanged” Disney is increasing the price of ESPN+ by a dollar a month to $6.99 after inking a slew of new sports rights deals this year. Beginning Aug. 13, subscribers to the sports streaming service will pay $69.99 a year instead of $59.99 a year. Disney…
“#Key inflation indicator rose 3.4 percent from a year ago” A key inflation indicator rose 3.4 percent in May from a year ago as costs continued to surge in the US just as the economy mounts a comeback from the pandemic, the feds said Friday. It’s the most since April 1992 that the core personal consumption…
“#Here’s where inflation is hitting America’s wallets hardest” Americans hungry to return to their pre-pandemic habits had better be prepared to pay top dollar. Across the board, Americans can expect to shell out 5 percent more for goods and services than they would have a year ago, the fastest rise in prices the US has…
“#Inflation surges as consumer prices leap 5%, biggest jump since 2008” Inflation continued to surge in May, with consumer prices accelerating at the fastest pace in more than 12 years as the economy emerges from the pandemic, the feds said Thursday. The Labor Department’s Consumer Price Index, which measures a basket of goods and services…
“#JBS to reopen operations after hack shut its US beef plants” JBS Foods, the world’s largest meat supplier, said it has made “significant progress in resolving the “cyberattack” that shutdown all of its US beef plants on Tuesday, easing fears of further meat price increases. The “vast majority” of the company’s plants are expected to…
“#Key inflation indicator rises to highest level since 1992” A key inflation indicator rose 3.1 percent in April from a year ago as costs continued to grow in the US economy just as it’s mounting a comeback from the pandemic, the feds said Friday. It is the most since July 1992 that the core personal…
“#Bracing for a record pool chlorine shortage in summer 2021” A nationwide chlorine shortage could take some fun out of the summer for pool owners and swimmers. Supplies of chlorine tablets used to treat pools and hot tubs have been drying up — due a pandemic-related boom and a fire at a major chemical plant…