Republicans, Economist slam Harris plan to lower food prices: ‘Economic lunacy’
Vice President Kamala Harris’ plan to give the federal government broad powers to control food and grocery prices was roundly criticized Thursday by Republican lawmakers and economists, who called it “big government on steroids” and “economic madness.” The 59-year-old Democratic presidential nominee’s economic platform calls for “the first federal ban on price gouging on food […]
White Sox slash next year’s season-ticket prices amid one of the worst seasons in MLB history
The Chicago White Sox announced big price cuts on season tickets on Wednesday, just hours after Yankees captain Aaron Judge hit his 300th career home run against the White Sox. The Yankees’ 10-2 victory marked Chicago’s 93rd loss of the season. With 93 losses in mid-August, the White Sox now rank alongside the worst teams […]
White House strikes deal to cut prices of popular Medicare drugs that cost $50 billion yearly
The Biden administration is celebrating a victory after federal officials struck deals with drug companies to lower prices for 10 of Medicare’s most popular and expensive drugs, but it immediately offered few details about the new prices older Americans will pay to fill those prescriptions. White House officials said Wednesday night that the new drug […]
White House says negotiated prices for Medicare drugs will save U.S. $6 billion, beneficiaries $1.5 billion in first year – CNBC
Activists protest against the high cost of prescription drugs in front of the U.S. Department of Health and Human Services building in Washington, DC on October 6, 2022. Anna Moneymaker | Getty Images The Biden administration will announce prices Thursday for the first 10 prescription drugs that are the subject of landmark negotiations between drug […]
Gold prices rise, record highs close as CPI data fuels rate cut bets – Investing.com
Investing.com — Gold prices rose in Asian markets on Thursday, hovering near record highs as weaker-than-expected U.S. consumer price data raised hopes the Federal Reserve will start cutting interest rates. Rising risk appetite also capped gains in gold prices, while a monthly rise in inflation led traders to expect a smaller rate cut in September. […]
Inflation causing sticker shock at flower prices
Brides and florists are surprised at the rising prices of wedding flower arrangements. Inflation has forced newlyweds to cut costs in unexpected ways, including cutting the soaring cost of wedding flowers. According to wedding planning website Zola, the average price of a wedding in 2024 will exceed $30,000. Wedding experts blame inflation for hitting every […]
Trump Promises to Cut ‘Energy and Electricity Prices’ in Half
Former President Donald Trump vowed that if elected in November, his administration would cut “energy and electricity prices” in half. At a rally in Asheville, North Carolina, on Wednesday, Trump said: said He told the crowd that under Trump, the US would cut energy and electricity prices in half “within 12 months” – and up […]
Where are high prices still hitting Americans the hardest?
Former IMF Chief Economist Kenneth Rogoff discusses the state of the economy following the July CPI report. Inflation eased again in July, even as rising rent, grocery and auto insurance costs kept prices uncomfortably high for millions of Americans. The Labor Department said Wednesday that the Consumer Price Index (CPI), a broad measure of the […]
Inflation Revived In July as Housing Prices Continue To Rise
Inflation rose in July, reversing a decline in prices the previous month, but remained muted enough to ensure the Federal Reserve cuts interest rates next month. The Bureau of Labor Statistics said Wednesday that the consumer price index rose 2.9% in July from a year earlier. The government’s main inflation measure rose 3% from a […]
Producer Prices Increased by Less Than Forecast in July
U.S. inflation pressures showed further signs of easing in July, with producer prices rising just 0.1%, less than expected. According to the Bureau of Labor Statistics, the Producer Price Index (PPI) for final demand, which tracks the average change in selling prices received by domestic producers of goods and services for the products they sell […]