Walgreens joins competitors in cutting prices on numerous items
The story at a glance Walgreens has announced price cuts on more than 1,300 products in a “Summer Savings” promotion. This makes it the fourth major retailer to announce price cuts in recent weeks. “Walgreens understands that our customers are struggling financially and have difficulty purchasing everyday necessities,” Walgreens chief customer officer Tracy Brown said […]
Cracker Barrel to raise prices after sales drop, CEO admits chain ‘not as relevant’
Cracker Barrel announced it plans to raise menu prices despite reporting a decline in third-quarter restaurant revenue, after the Southern-themed restaurant chain’s CEO acknowledged last week that menu prices “are not as important as they used to be.” Cracker Barrel is the latest company struggling to turn a profit in times of continued inflation. The […]
Home prices not budging, hit new high in March: Case-Shiller
Homebuyers waiting for housing prices to move may have to wait even longer. (iStock) Home prices continued to rise in March, hitting a new high, even as homebuyers held off on home purchases, according to the latest S&P CoreLogic Case-Shiller National Home Price Index. report. House prices are currently 6.5% higher than last year, in […]
Walgreens to slash prices on 1,300 items as inflation rages
Walgreens said it would slash prices on 1,300 items across its drugstores, the latest big retailer to implement discounts as consumers become more choosy about where they shop in a time of unrelenting inflation. Earlier this week, AmazonFresh announced it would slash prices by up to 30% on 4,000 grocery items that rotate weekly online […]
ConocoPhillips Buys Marathon Oil For $17.1B As Energy Prices Rise
A view of a Marathon gas station in Baltimore, Maryland, on May 29, 2024. US energy giant ConocoPhillips announced on May 29 that it would acquire fellow oil company Marathon Oil in an all-stock deal for $22.5 billion, with $5.4 billion in debt, a major expansion despite pressure to move away from fossil fuels. (Photo: […]
Gold prices steady amid rate jitters, copper flat with China in focus By Investing.com – Investing.com
Investing.com — Gold prices were stable in Asian markets on Wednesday as attention remained on upcoming signals regarding U.S. inflation and interest rates, but a somewhat hawkish outlook for interest rates led traders to remain cautious on the metals market. Among industrial metals, copper prices also remained range-bound as optimism over China’s stimulus measures faded […]
Home Prices Soar to Record High, Squeezing Affordability
U.S. home prices continued to rise relentlessly in March, as rising interest rates to fight inflation keep home inventory low, making it harder for buyers to purchase their own homes. The S&P CoreLogic Case-Shiller 20-city index rose 7.4% year-over-year in March, accelerating from a 7.3% increase in February. The data released on Tuesday. Compared to […]
Housing prices soar to a new all-time high in March
ResiClub co-founder and editor-in-chief Lance Lambert talks about the US housing affordability crisis on “Making Money.” Home prices hit a new record in March. Housing shortageThis is despite rising mortgage rates putting home buying out of reach for more Americans. The S&P CoreLogic Case-Shiller index showed Tuesday that national home prices rose 6.5% year-over-year in […]
Amazon Fresh to cut grocery prices by as much as 30% to bring back inflation-battered customers
Amazon is joining other big retailers including Target and Walmart in slashing grocery prices by as much as 30% to attract inflation-weary customers. The company announced it would cut prices on 4,000 items at its online AmazonFresh grocery store and a handful of its brick-and-mortar stores. Amazon Fresh customers can get discounts on meat, seafood, […]
House price growth in rural areas outstrips towns in Great Britain | House prices
UK data shows that house price growth in rural areas has outpaced urban areas over the past five years, with rural semi-detached homes being the best-performing property type. Figures from mortgage lender Nationwide showed average house prices in primarily rural areas rose 22% during the period, compared with 17% in primarily urban areas. The firm […]