Struggling restaurants announce deals to lure in customers as inflation remains high
As rising inflation continues to affect businesses across the country, several restaurant chains have announced value deals to get cash-strapped customers to return. This week, Red Lobster announced it was shuttering over 50 locations. It comes as the Bureau of Economic Analysis reported on Tuesday that inflation went up 2.2% for the year ending in […]
California Restaurants Are In Crisis As Regulations, Inflation Cost Owners
Restaurant owners in California are collapsing under the weight of costly regulations in the state and widespread inflation, the Los Angeles Times reported Wednesday. A number of California’s most popular restaurants have had to close their doors so far this year, such as award-winning Manzkes’ Bicyclette and Patrick’s Roadhouse, according to the LA Times. Struggling […]
Home Depot co-founder Ken Langone rips Biden’s ‘absurd’ claim over inflation
Home Depot co-founder Ken Langone joins “The Ingraham Angle” to talk about the economy and the president’s outlook. The prominent business leader and one of the Republican Party’s top donors did not mince words over President Biden’s repeated inaccurate inflation claims. Ken Langone, former co-founder and CEO of Home Depot, said Tuesday: “Why do liars […]
Inflation increases 3.4% in April as prices remain elevated
Gina Bolvin, president of Bolvin Wealth Management Group, discusses commodity movements, expected inflation data, the housing industry and the outlook for consumers. Inflation eased slightly in April for the first time in months, a welcome sign for the Federal Reserve even as prices remain uncomfortably high for millions of Americans. The Labor Department said Wednesday […]
Kevin O’Leary Says Latest Inflation Numbers Are ‘Nasty’ For Biden’s Reelection Chances
“Shark Tank” co-star Kevin O’Leary said Wednesday’s inflation numbers will hurt President Joe Biden’s re-election chances. Inflation remained high as the Consumer Price Index (CPI), a broad measure of the prices of everyday goods, rose at an annual rate of 3.4% in April, compared with 3.5% in March. according to to the Bureau of Labor […]
April inflation falls to 3.4 percent
Inflation slowed in April after months of faster-than-expected price increases, according to data released Wednesday by the Labor Department. The Consumer Price Index (CPI), a closely watched inflation indicator, rose 0.3% in April and rose 3.4% over the past 12 months, in line with economists’ expectations. Both the monthly and annual inflation rates fell by […]
Stock futures are little changed as Wall Street readies for key inflation report: Live updates – CNBC
27 minutes ago AMC slides after announcing stock issuance AMC stock price rose 1% in pre-market after the movie theater chain announced it would issue more than 23 million shares in exchange for $163.85 million in cash/PIK with an aggregate principal amount of 10%/12% due in 2026. It fell more than that. . ” Stocks […]
Biden repeats false claim that inflation was at 9% when he took office after being called out last week
President Biden repeated his false claim that inflation was 9% when he first took office, less than a week after being accused of making a similar claim. A conversation with Yahoo! about his newly announced financial situation Tariffs on ChinaBiden acknowledged the impact inflation has had on Americans, but defended his handling of the economy. […]
Joe Biden Claims Inflation Was at 9% When He Took Office
Claim: President Joe Biden claimed in an interview with Yahoo Finance that the inflation rate was 9% when he took office in January 2021. Verdict: False.a report According to a survey by the U.S. Department of Labor’s Bureau of Labor Statistics, the Consumer Price Index (CPI) inflation rate was 1.4% in January 2021, when Biden […]
Fed’s Powell says confidence that inflation will slow is ‘not as high’ as before
Darrell Cronk, chief investment officer of Wells Fargo’s Wealth and Investment Management division, said April’s labor report was exactly what the Fed wanted to see in “making money.” Chairman of the Federal Reserve System Jerome Powell He reiterated Tuesday that the central bank will be patient and wait for evidence of slowing inflation before cutting […]