Cart

0

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, Real Estate

“Buyers catch a break: Home prices just fell the most in 2 years”

“Home prices are being cut at the fastest pace in two years. The share of home listings that saw a price cut rose to 18.9% in July, up 3.4% from last year. Demand is cooling as buyers wait for mortgage… Continue Reading…

Economy

“Drug prices have risen almost 40% over the past decade, according to a new tracker”

“… …” https://www.cnbc.com/2024/06/27/goodrx-tracker-drug-prices-rise.html

Business

“Target lowering prices on 5,000 items in bid to lure more shoppers”

“Target will be lowering prices on at least 5,000 frequently shopped products across its assortment ranging from milk to diapers, the big-box retailer said on Monday, as it looks to attract budget-stretched customers. Still-high food prices and borrowing costs have… Continue Reading…

Economy

“Grocery prices fall for first time in a year”

“Grocery prices fell on the whole in April for the first time in 12 months, according to data released Wednesday by the Labor Department. Prices for food at home fell 0.2 percent in April, according to the Labor Department’s consumer… Continue Reading…

Business, Economy

“Plunging Home Prices, Fleeing Companies: Austin’s Glow Is Fading”

“Oracle Corp. is moving its headquarters out of the city. Tesla Inc. is pulling back after a rapid expansion. Almost a quarter of commercial office space is vacant, and nowhere in the country have residential real estate prices fallen further… Continue Reading…

Real Estate

“Luxury real estate prices just hit an all-time record”

“…Overall real estate sales fell 4% nationwide in the first quarter, according to Redfin. Yet, luxury real estate sales increased more than 2%, posting their best year-over-year gains in three years, according to Redfin. Real estate experts and brokers chalk up… Continue Reading…

Energy

“Hot oil summer: Soaring prices threaten consumers and Biden”

“…The big picture: Average gas prices are up 24 cents per gallon over the last month to $3.63, per AAA, and summer driving demand typically puts more upward pressure on costs. Threat level: The Middle East crisis has already pushed up oil… Continue Reading…

Economy, Precious Metals

“Copper prices climb to 2024 high as Citi calls the start of the metal’s second bull market this century”

“Soaring copper prices show no signs of slowing down, analysts say, with the red metal’s rally fueled by supply risks and improving demand prospects for energy transition metals. Copper prices with May delivery traded at $4.323 per pound in New York as of… Continue Reading…

Business

“Samsung expects first-quarter profit to soar 931% as memory chip prices rebound”

“Samsung Electronics on Friday said it expects to post a 931% increase in first quarter operating profit, as chip prices rebound. Operating profit in the January-March quarter likely rose to 6.6 trillion Korean won ($4.89 billion), up 931% from a… Continue Reading…