Consumers using more buy now, pay later apps, cutting back non-essentials as basic living costs soar
Cyber Monday buy now, pay later (BNPL) app usage increased 42.5% this year to $9.4 million. (iStock) Consumers have cut back on spending in recent years as inflation took hold and the economy slowly recovered from the coronavirus pandemic. While cutting back on purchases other than certain essentials, it's also clear that Americans are turning […]
Red Sea attacks hike shipping costs 600% risk prolonging inflation
Terrorist attacks on commercial ships in the Red Sea have driven up shipping costs by more than 600% since the outbreak of the conflict between Israel and Hamas, potentially undermining the Federal Reserve's efforts to curb U.S. inflation. Crude oil prices briefly topped $80 a barrel on Friday, but rose to $78.29 a barrel as […]
Houthi Red Sea Attacks Send Shipping Costs Soaring over 300%
The Shanghai Container Freight Index (SCFI), a leading indicator of global freight costs, recorded a cost per container of $3,101 on Friday. This is an increase of about 310 percent since Yemen's Iranian-backed Houthi terrorists began attacking cargo ships in the Red Sea. . The SCFI price for a 20-foot shipping container was $2,871 last […]
‘Forever chemicals’ in microplastics rack up $250 billion a year in health care costs: Study
Microplastics, which contain “permanent chemicals,” add $250 billion annually to U.S. health care costs, according to a recent report. study Conducted by researchers at New York University, daily mail report. chemicals known as perfluoroalkyl substances or polyfluoroalkyl substances, or PFAS, is man-made and used in many products, including nonstick cookware, water-repellent clothing, stain-resistant fabrics, cleaning […]
Hertz trims EV fleet due to high repair costs, reinvests in gas-powered vehicles
Hertz Global Holdings announced Thursday that it plans to reduce its fleet of electric vehicles due to high repair costs and reinvest in gasoline-powered vehicles. In Hertz's Thursday regulatory filing, the company said it would sell 20,000 EVs. The announcement comes after the rental car company pledged to make 25% of its fleet electric by […]
Surging crime, costs forced 50 businesses to shutter in this blue city last year. Another is about to close
After dozens of Washington, D.C., restaurants closed last year, citing high crime rates and soaring prices, another announced its closure just days into the new year. The nation's capital is simultaneously facing a spike in crime and soaring costs, with some businesses relocating or closing permanently. About 52 restaurants in Washington, D.C., closed last year, […]
AZ governor wants to protect groundwater and tackle school voucher costs in 2024
Arizona Gov. Katie Hobbs has introduced legislation that would impose accountability on a school voucher system expected to exceed $900 million this year and allow near-free access to groundwater in the state's drought-stricken rural areas. vowed to revise it. The Democratic governor delivered his second annual State of the State address Monday as the regular […]
LIV’s Patrick Reed must pay attorney fees, defendant costs despite dismissal of $750 million lawsuit: report
Despite his $750 million lawsuit against multiple networks and media figures being dismissed twice, Patrick Reed has reportedly been ordered to pay the defendants' attorneys' fees and costs. Reed will be joining Golfweek.com and columnist Eamon Lynch in 2022, Associated Press national golf writer Doug Ferguson, Golf Channel commentators Brandel Chamblee and Damon Huck, and […]
UFT paying costs of Staten Island congestion-pricing fight
New York City's powerful teachers union is funding a Staten Island legal battle to block the MTA's congestion pricing plan, The Post has learned. Staten Island Borough President Vito Fosella, who along with the union is a plaintiff in Brooklyn, said “the United Teachers Union is leading the Brooklyn federal court case'' and is sending […]
Adams Sues Texas Bus Companies, Not Biden, for Costs of Illegal Immigration
Mayor Eric Adams (D) accused several Texas-based charter companies and buses of failing to cover illegal immigration-related costs when transporting border crossers and illegal aliens to New York City by bus. is suing the company. President Joe Biden's Department of Homeland Security (DHS) releases about 5,000 border crossers and illegal aliens into the U.S. interior […]