Gold prices dip in face of fewer rate cuts this year By Investing.com – Investing.com
Investing.com — Gold prices fell in Asian markets on Thursday, remaining near recent lows after the Federal Reserve sharply cut its outlook for interest rate cuts this year, creating further headwinds for the metal. Gold prices fell despite falling following weaker indicators in the previous session, but the dollar steadied on Thursday as markets digested […]
May inflation breakdown: Where are prices rising the fastest?
Jack Otter and Barron’s Roundtable senior writer Nicholas Jasinski discuss why interest rate cuts are unlikely in 2024. Inflation’s grip on the U.S. economy eased in May, but soaring rent costs kept prices painfully high for millions of Americans. The Department of Labour said on Wednesday that the Consumer Price Index, a broad gauge of […]
In-N-Out Burger confirms customers can thank Democrats for higher menu prices: ‘The economy is kind of bad’
In-N-Out Burger, California’s most famous fast-food chain, is raising its menu prices in response to California’s new minimum wage law. Last year, Gov. Gavin Newsom (D) signed a law raising the state’s minimum wage at fast-food restaurants from $16 to $20 an hour, which went into effect on April 1. “I never expected to come […]
Prices stayed flat in May as inflation hit plateau
Data released Wednesday by the Labor Department showed consumer prices did not rise overall in May, with the annual inflation rate lower than expected. The Consumer Price Index (CPI), a common measure of inflation, was unchanged over the past month and up 3.3% over the past year. Consensus forecasts had expected the CPI to have […]
Waffle House raises worker pay to $3 an hour after labor protests — and menu prices are going up
Waffle House is raising wages for its US employees after a year of pressure from labor advocates. Waffle House CEO Joe Rogers III said in a video message to employees late last month that base pay will increase to at least $3 an hour in June, then gradually increase to at least $5.25 an hour […]
In-N-Out hikes prices thanks to California’s new $20 minimum wage
In-N-Out is raising its notoriously low prices to keep up with California’s new $20 minimum wage for fast-food restaurants. In Los Angeles County, the low-cost burger chain’s double-double burger combo is selling for $11.44, up $0.76 from last year. KTLA reported. At the tourist-popular Fisherman’s Wharf location in San Francisco, a double-double burger comes with […]
Oil prices may rise to $86 a barrel on ‘solid summer demand’: Goldman Sachs
Stephen Moore, co-founder of the Committee to Unleash Prosperity, weighs in on how Biden’s energy policies will affect consumers and national security. Oil prices Goldman Sachs analysts said in a report that “robust summer demand” is expected to help oil prices rise to about $86 a barrel as the driving season heats up. Forecasts show […]
Cheesecake Factory Prices ‘Have Ballooned’ Under Biden
Pro-Trump super PAC MAGA Inc. noted that Bidennomics is no joke, pointing to rising restaurant food prices under President Joe Biden’s administration. in press release On Monday, the super PAC from MAGA Inc. addressed the viral parody. post X’s video includes a photo of former President Donald Trump reading out the prices and items on […]
Records for gold, coffee, copper, cocoa: What commodity prices say about inflation
A recent string of record-high prices in commodities as different as coffee and copper may be traced back to the same underlying cause: a U.S. economy that is running hot. The rising prices of commodities might even be a sign that the Federal Reserve is not succeeding in its efforts to drive down inflation, economists […]
Oil Prices Start the Week With a Slight Gain but Uncertainty Remains – OilPrice.com
Crude oil prices started the week slightly higher on prospects of increased fuel demand during the summer driving season. The remainder of the session could still see volatility as strong U.S. employment data released last Friday is likely to have dented interest rate cut expectations and further improved demand. Bureau of Labor Statistics report Nonfarm […]