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Economy

[U.S.] “…Francis Scott Key Bridge collapse ‘will spark US food & car supply [chain] issues…’” [Increased Prices]

March 27, 2024

“THE… bridge collapse in Maryland will result in widespread disruption to trade but Americans are set to avoid a return to the supply chain chaos seen during the Covid-19 crisis, experts have said. Shipping has been suspended at the Port… Continue Reading…

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Precious Metals

“Daily Spotlight: Gold Prices Near Peak”

March 25, 2024

“When global economic conditions become unpredictable, investors often flock to gold. The yellow metal is trading above $2,100 per ounce. During the first phase of the pandemic, the spot price for an ounce of gold jumped 33% in six months… Continue Reading…

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Real Estate

“Home prices rose 2.4 times faster than inflation since 1960s, study finds…”

March 22, 2024

“While inflation is 10 times higher now than 60 years ago, home prices are 24 times more expensive, a new study found…. In reality, the cost of a typical house in the U.S. is closer to half a million dollars. The median… Continue Reading…

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Energy

“Global Fuel Prices Are Surging With Supply Risks Ahead”

March 14, 2024

“Disruptions on the world’s major trade routes, refinery closures and resurgent demand are pushing up global fuel prices and making forecasts difficult in the run-up to a US presidential election in which inflation will be a key issue…” https://www.yahoo.com/news/surging-gasoline-prices-add-inflation-021939727.html Plus… Continue Reading…

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Stocks

“Domino’s loyalty program revamp boosts results; to lift prices modestly”

February 28, 2024

“Domino’s Pizza beat Wall Street targets for quarterly results as a relaunch of its loyalty program and promotional offers prompted more Americans to order its pizzas and chicken wings, sending its shares up 8.5% on Monday. The company also plans… Continue Reading…

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Business

“Opinion: Evidence EVs are a fading fad is ‘rolling in fast’ as Tesla, GM and Ford slash prices”

January 26, 2024

“…Despite Tesla TSLA, 1.49% Chief Executive Elon Musk’s entrepreneurial brilliance and billions of dollars in U.S. government subsidies to support EVs, it appears that consumers still prefer to drive to a gas station for a five-minute fill-up than to retrofit their garage and… Continue Reading…

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Economy

“Drugmakers set to raise U.S. prices on at least 500 drugs in January”

January 3, 2024

“Drugmakers including Pfizer, Sanofi and Takeda Pharmaceutical plan to raise prices in the United States on more than 500 unique drugs in early January, according to data analyzed by healthcare research firm 3 Axis Advisors. The expected price hikes come as the pharmaceutical industry gears… Continue Reading…

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Economy

“As food prices rise in June, analysts warn of a ‘tipping point’ for Americans”

December 13, 2023

“…Food prices rose 3% in June compared to a year ago, according to the latest data from the Bureau of Labor Statistics. After a year of price hikes, consumers continued to see food prices rise, but at a slower rate. Grocery… Continue Reading…

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Economy

[Blame Game] “Greedflation: corporate profiteering ‘significantly’ boosted global prices, study shows”

December 8, 2023

“…The report from the IPPR and Common Wealth thinktanks found that business profits rose by 30% among UK-listed firms, driven by just 11% of firms that made super-profits based on their ability to push through stellar price increases – often dubbed… Continue Reading…

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Real Estate

“U.S. home prices climb for seventh month in a row to a record high, Case-Shiller says”

November 29, 2023

“…Home prices in the 20 major U.S. metro markets were up 3.9% in the past 12 months ending in September. The August report saw a 2.5% rise in home prices year-over-year. A broader measure of home prices, the national index,… Continue Reading…

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