What is shrinkflation? How companies hide inflation without increasing prices
If you haven’t seen a price increase on a product or service you purchased recently, chances are that the company may still be passing along the rising costs to you without the obvious price hikes.
If you haven’t seen a price increase on a product or service you purchased recently, chances are that the company may still be passing along the rising costs to you without the obvious price hikes.
Federal Reserve hikes interest rate to fight inflation, more to come
The Federal Reserve launched a high-risk effort to tame the worst inflation since the 1970s, raising its benchmark short-term interest rate and signaling potentially up to seven rate hikes this year.
The Federal Reserve launched a high-risk effort to tame the worst inflation since the 1970s, raising its benchmark short-term interest rate and signaling potentially up to seven rate hikes this year.
Billionaire supermarket CEO: Buy now, food inflation will only get much worse
John Catsimatidis says food prices could increase 20% by summer.
John Catsimatidis says food prices could increase 20% by summer.
Inflation hits supermarkets hard: Bacon prices are up 19%
In the aisles of U.S. supermarkets, the price of bacon is up 18.8%, beef is higher by 16.2%, pork is up 14%, and chicken has risen 13.2%. Consumers are used to small price increases but what is happening now is shocking.
In the aisles of U.S. supermarkets, the price of bacon is up 18.8%, beef is higher by 16.2%, pork is up 14%, and chicken has risen 13.2%. Consumers are used to small price increases but what is happening now is shocking.
US retail spending slows as inflation starts to bite
After beginning the year in a buying mood, Americans slowed their spending in February on gadgets, home furnishings and other discretionary items as higher prices for food, gasoline, and shelter are taking a bigger bite out of their wallet.
After beginning the year in a buying mood, Americans slowed their spending in February on gadgets, home furnishings and other discretionary items as higher prices for food, gasoline, and shelter are taking a bigger bite out of their wallet.
DoorDash paying back drivers to offset high gas prices
Delivery company DoorDash said Tuesday it will refund its drivers for some U.S. gasoline purchases to help offset higher prices at the pump.
Delivery company DoorDash said Tuesday it will refund its drivers for some U.S. gasoline purchases to help offset higher prices at the pump.
Puerto Rico exits bankruptcy after grueling debt negotiation
Puerto Rico’s government formally exited bankruptcy Tuesday, completing the largest public debt restructuring in U.S. history after announcing nearly seven years ago that it was unable to pay its more than $70 billion debt.
Puerto Rico’s government formally exited bankruptcy Tuesday, completing the largest public debt restructuring in U.S. history after announcing nearly seven years ago that it was unable to pay its more than $70 billion debt.
Canned pet food shortage continues amid supply chain woes
The canned pet food industry continues to feel the burn as supply chain woes and increases in price leave many pet owners improvising their dog or cat’s next meal.
The canned pet food industry continues to feel the burn as supply chain woes and increases in price leave many pet owners improvising their dog or cat’s next meal.
Trifecta of economic factors driving U.S. inflation, expert says
Experts are predicting inflation will hit 9% in the next few months and improvement depends on how long it takes for the Federal Reserve interest rate policy to be effective.
Experts are predicting inflation will hit 9% in the next few months and improvement depends on how long it takes for the Federal Reserve interest rate policy to be effective.
US inflation soared 7.9% in past year, a fresh 40-year high
Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.
Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.
Lawmakers call to end gas taxes across US amid price surge
Governors in Georgia and California also called for relief from state gas taxes.
Governors in Georgia and California also called for relief from state gas taxes.
Gas prices soar; here are ways to save money
Prices at the pump are setting records. Here are some ways you can save money on gas.
Prices at the pump are setting records. Here are some ways you can save money on gas.
Biden to sign order mandating study of cryptocurrency as its use explodes
The Biden administration views the explosive popularity of cryptocurrency as a call for acting with urgency to look at the risks and benefits of digital assets.
The Biden administration views the explosive popularity of cryptocurrency as a call for acting with urgency to look at the risks and benefits of digital assets.
Could high gas prices impact airline travel? AAA weighs in
Could the pain at the pump bring pain to the airline ticket counters? An expert with AAA weighs in.
Could the pain at the pump bring pain to the airline ticket counters? An expert with AAA weighs in.
U.S. gas prices keep rising; could hit $6 per gallon in NY
Rising gas prices are taking a toll on Americans. We could be seeing $6 a gallon or more in the coming weeks.
Rising gas prices are taking a toll on Americans. We could be seeing $6 a gallon or more in the coming weeks.
Mastercard, Visa suspend operations in Russia amid Ukraine invasion
Mastercard said cards issued by Russian banks will no longer be supported by its network and any card issued outside the country will not work at Russian stores or ATMs.
Mastercard said cards issued by Russian banks will no longer be supported by its network and any card issued outside the country will not work at Russian stores or ATMs.
Russia-Ukraine War: U.S. gas prices rising
The sanctions that the U.S., European Union, and other countries imposed on Russia are starting to wreak havoc on global trade.
The sanctions that the U.S., European Union, and other countries imposed on Russia are starting to wreak havoc on global trade.
NYC rents continue to rise
StreetEasy reports that the median rent in Manhattan is $3,700, just over $2,700 in Brooklyn, and about $2,300 in Queens — all double-digit increases when compared to this same period last year.
StreetEasy reports that the median rent in Manhattan is $3,700, just over $2,700 in Brooklyn, and about $2,300 in Queens — all double-digit increases when compared to this same period last year.
Target may pay workers up to $24 an hour in NY
Workers at Target stores and distribution centers in places like New York, where competition for finding and hiring staff is the fiercest, could see starting wages as high as $24 an hour this year.
Workers at Target stores and distribution centers in places like New York, where competition for finding and hiring staff is the fiercest, could see starting wages as high as $24 an hour this year.
What is SWIFT? A look at West’s toughest sanctions on Russia yet
On Saturday, The United States joined European allies to impose the most potentially crippling financial penalties yet on Russia — cutting some banks off from SWIFT. Here’s a look at what that means.
On Saturday, The United States joined European allies to impose the most potentially crippling financial penalties yet on Russia — cutting some banks off from SWIFT. Here’s a look at what that means.