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Economy

“Americans’ refusal to keep paying higher prices may be dealing a final blow to US inflation spike”

“…Some of America’s largest companies, from Amazon to Disney to Yum Brands, say their customers are increasingly seeking cheaper alternative products and services, searching for bargains or just avoiding items they deem too expensive. Consumers aren’t cutting back enough to… Continue Reading…

Economy

“Used EV price crash keeps getting deeper with ‘premium’ brand idea history”

“…The decline has been dramatic over the past year. In June 2023, average used EV prices were over 25% higher than used gas car prices, but by May, used EVs were on average 8% lower than the average price for a used… Continue Reading…

Economy

“NY Home Depot hires guards, dogs to keep parking lot safe from thieves, aggressive [illegal aliens ]”

“A New York Home Depot has deployed a guard dog — and other stores may be close behind — to protect shoppers from aggressive migrants and thieves flooding their parking lots, The Post has learned… “It’s more about omnipresence,” one… Continue Reading…

Economy

“Chocolate prices to keep rising as West Africa’s cocoa crisis deepens”

“…Long the world’s undisputed cocoa powerhouses accounting for over 60% of global supply, Ghana and its West African neighbour Ivory Coast are both facing catastrophic harvests this season. Expectations of shortages of cocoa beans – the raw material for chocolate… Continue Reading…

Banking, Stocks

“Why Treasury yields keep rising, causing pain for stock-market investors”

“…The benchmark 10-year yield BX:TMUBMUSD10Y finished at its highest close since Nov. 7, 2007, at 4.307%, while the 30-year rate BX:TMUBMUSD30Y ended at 4.411% or its highest since April 28, 2011. The 30-year rate has jumped 87.3 basis points since April, while its 10-year counterpart… Continue Reading…

Economy

“One-Percenters Keep Shopping at the Dollar Store”

“…High-earners joined the rest of the country in flooding discount retailers such as Dollar General, Aldi grocery store and Five Below as prices for food and staples rose. Now, with inflation at half its peak, they aren’t letting up. InMarket, which tracks retailer foot… Continue Reading…

Economy

“Retail sales growth sluggish in August as consumers fight to keep up with inflation”

“…Advance retail sales for the month increased 0.3% from July, better than the Dow Jones estimate for no change. The total is not adjusted for inflation, which increased 0.1% in August, suggesting that spending outpaced price increases. Inflation as gauged by the consumer… Continue Reading…

Economy, Energy

“Oil Market Keeps Getting Stronger as Prices Power Up to $93”

“The market’s structure is trading at its strongest level in years, indicating scarce supply. Diesel — the fuel that helps power the global economy — is also surging as a cold snap hits the U.S and demand soars. Inventories at… Continue Reading…

Energy

“European Gas Prices Jump 20% as Russia Keeps Volumes Capped”

“Natural gas prices in Europe surged on Monday as reduced flows from Russia again caused uncertainties about Europe’s supply security in the winter months… Benchmark European gas for next month jumped as much as 20% to 84.50 euros a megawatt-hour,… Continue Reading…

Economy

“20% of Americans couldn’t pay their energy bill in the last year. How to keep costs down”

“…In the last year, about 20% of Americans struggled to pay their energy bill in full at least once, according to a study by Help Advisor. At the same time, 18% kept their house at a temperature that was either… Continue Reading…