Prices are going up, and it's not just a small increase. They're climbing at a speed that's making life harder for many people. An expert in economics has pointed out that this affordability crisis could have been avoided. The expert shared some numbers that show how bad it is. In September, prices were up 3% from the year before. That's higher than the 2. 3% increa...
Coffee lovers in the U. S. are feeling the pinch. Prices for ground coffee have shot up. In September, the average cost hit $9. 14 per pound. That's a 3% jump from August and a whopping 41% increase from September 2024. This trend isn't just about coffee. Overall food prices have also risen by 3% compared to last year. Local coffee shops are struggling too. Nikki Br...
The US tariffs have been a big headache for global companies, costing them over $35 billion. But there's a silver lining: many are adjusting to the new reality and even lowering their initial cost estimates. The tariffs, which are at their highest since the 1930s, have caused a lot of uncertainty. But now, with some trade deals in place, companies are starting to se...
In the past half year, many people across the US have felt a significant impact on their daily lives due to rising prices and scarce goods. This is especially true for those with fixed or limited incomes. The situation has led to changes in shopping habits and lifestyle choices. For instance, a teacher's assistant in North Carolina has noticed a steady increase in p...
People in the US are facing new problems when they buy things from other countries. This is because of changes in rules about taxes on imports, called tariffs. These changes are making it harder and more expensive to get packages from abroad. For example, someone in Alabama wanted to buy wine from Italy. But the delivery company, UPS, said they couldn't send it. The...
Home Depot's latest financial report shows a slight dip in earnings and revenue. The company made $4. 6 billion, which is a bit less than expected. Their sales also fell short, with $45. 2 billion in revenue compared to the predicted $45. 3 billion. Despite this, it's still an improvement from the first quarter's $39. 8 billion. The company's CEO, Ted Dinker, said t...
Vegetable prices have been going up a lot lately. In July, the cost of vegetables for businesses shot up by 38%. That's a huge jump! Some people think this is because of new taxes on imports, called tariffs. But it's not that simple. There are many reasons why vegetable prices might be rising. Bad weather can make it hard to grow crops. Also, there might not be enou...
In June, Americans kept their spending habits going strong, even as prices started to climb due to new tariffs. The Commerce Department shared that retail sales grew by 0. 6% from May, bouncing back from a big drop in May. Experts expected a much smaller increase, so this was a pleasant surprise. Car dealerships saw a big boost, with sales jumping by 1. 2%. Restaura...
Susan Collins, who leads the Federal Reserve Bank of Boston, thinks the economy is strong enough to handle tariffs without needing quick action from the Fed. She believes businesses and households are in good shape, which might help soften the blow of higher tariffs. This gives the Fed time to carefully watch how things unfold before making any moves on interest rate...
Prices in the US are going up. In June, the cost of living rose by 0. 3%, making the yearly increase hit 2. 7%. This is the highest it's been in four months. Experts expected this rise, especially because gas prices went up. But it's not just gas. Other goods are getting more expensive too, thanks to tariffs. Tariffs are taxes on imports. President Trump has been pu...