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7d ago

Consumers are tired of price increases. Big brands are paying attention.

Even Walmart lowered the price of its French bread back to $1, but consumers shouldn’t expect broad-based cuts across the economy.
Condiment brands sauces ketchup a1 tabasco sauce
Condiment brands sauces ketchup a1 tabasco sauce
10d ago

Young adults are getting used to living on a financial cliff

Millennials and Gen Zers are pulling in bigger paychecks, but much of their spending power is fueling short-term purchases like groceries and vacations, not savings.
Photo Illustration: A couple has dinner near the edge of a cliff, as a wine bottle topples over the edge
Photo Illustration: A couple has dinner near the edge of a cliff, as a wine bottle topples over the edge
14d ago

Don't freak out about the stock market's inflation freakout

While the Federal Reserve may wait longer to cut interest rates, trends point to a continuing slowdown in price increases.
Traders work on the floor of the NYSE in New York.
Traders work on the floor of the NYSE in New York.
15d ago

Price growth continued to cool in January, but not as much as hoped for

Still, consumers appear to be adjusting to a new normal of higher prices, including for fast food and other goods and services.
A customer visits a supermarket
A customer visits a supermarket
17d ago

Super Bowl fans are flooding Vegas with cash. Don’t bet on a big windfall for workers.

Stadium, hotel, restaurant and other service-sector staffers may get only a small piece of the action as the NFL’s big game storms Sin City.
Gamblers at Caesars Sports Book at Caesars Palace Hotel & Casino
Gamblers at Caesars Sports Book at Caesars Palace Hotel & Casino
23d ago

Waiting for your tax refund? There are other ways to get cash back all year long

A growing range of rewards programs can help households claw back a few bucks on everyday purchases at a time of high credit card interest rates.
Hand dropping coins into lower hand
Hand dropping coins into lower hand
26d ago

The great American jobs machine keeps revving in an election year

The White House is excited, but President Joe Biden still has his work cut out for him in selling the strong economy to voters
President Joe Biden gives remarks during the annual National Prayer Breakfast in Statuary Hall in the  Capitol on February 01, 2024.
President Joe Biden gives remarks during the annual National Prayer Breakfast in Statuary Hall in the  Capitol on February 01, 2024.
26d ago

Latest jobs report signals that interest rates are unlikely to drop anytime soon

The Federal Reserve already announced this week that it was leaving its key rate unchanged, and it may stay elevated for a while to keep inflation in check.
Shoppers at an Albertsons Cos. brand Safeway grocery store in Scottsdale, Arizona on Jan. 3, 2024.
Shoppers at an Albertsons Cos. brand Safeway grocery store in Scottsdale, Arizona on Jan. 3, 2024.

Immigrants who flock to Las Vegas for casino and service jobs fear AI could replace them

Employees in Las Vegas say they are not against technology but fear being replaced, and want presidential candidates to articulate what they would do to protect workers.
The Mix Master Moodie, an AI-generated cocktail maker from Doosan Robotics, delivers a drink during a display at the Consumer Electronics Show on Jan. 9, 2024 in Las Vegas.
The Mix Master Moodie, an AI-generated cocktail maker from Doosan Robotics, delivers a drink during a display at the Consumer Electronics Show on Jan. 9, 2024 in Las Vegas.

U.S. economy added 353,000 jobs in January, much better than expected

Wage growth also showed strength, as average hourly earnings increased 0.6%, double the monthly estimate. On a year-over-year basis, wages jumped 4.5%, well above the 4.1% forecast.
Construction workers on the site of a new residential building on Jan. 5, 2024 in Miami.
Construction workers on the site of a new residential building on Jan. 5, 2024 in Miami.
27d ago

Anxious Cubans brace for 500% hike in gasoline prices

Cubans worry the measures will exacerbate an already dire economy amid high inflation and shortages of basic goods, but Cuba's president said no one will be "abandoned."
Raul Silva, owner of restaurant, Espacios, in the Miramar neighborhood of Havana, Cuba on January 31, 2024.
Raul Silva, owner of restaurant, Espacios, in the Miramar neighborhood of Havana, Cuba on January 31, 2024.