US producer prices rise less than expected in July
The Conference Board’s chief economist, Dana Peterson, analyzes the job market and consumer confidence on “Making Money.” U.S. producer prices grew slower than expected in July as rising commodity prices were tempered by lower services prices, suggesting inflation continued to ease. The Labor Department’s Bureau of Labor Statistics said on Tuesday that the producer price […]
Oil prices dip as OPEC cuts demand forecast, economic cues awaited – Investing.com
Investing.com — Oil prices fell in Asia on Tuesday, reversing last week’s rebound as caution mounted over a string of economic data this week and OPEC’s cut to its 2024 demand growth forecast. Prices have rebounded sharply from more than seven-month lows as traders charged a higher risk premium to crude on fears of an […]
Trump to highlight prices, crime at Pennsylvania rally
Former President Trump is expected to focus on rising prices and what his campaign is calling a “crime wave” at a rally in the battleground state of Pennsylvania this weekend. Trump plans to address a crowd in Walks Valley, Pennsylvania, on Saturday and describe how the Harris-Biden administration’s “dangerously liberal policies and radical Democratic Party” […]
Gold News: Can Upcoming Inflation Data Propel XAU/USD Prices to New Highs? – FX Empire
Weekly Gold (XAU/USD)Expectations of a Federal Reserve rate cut grow Market expectations for a Federal Reserve interest rate cut in September are solidifying, with traders putting the chances of a 50 basis point cut at 55%. This potential shift in monetary policy is a key driver of gold prices, as lower interest rates typically make […]
Disney to hike streaming prices after announce profits
Disney’s streaming platform finally posted a net profit after a long struggle that saw the company lose billions of dollars. In its third-quarter earnings report, the company announced that streaming profits beat expectations for the quarter. Disney said direct-to-consumer revenue totaled $47 million in the third quarter, a big recovery from a $512 million loss […]
Home prices just fell the most in 2 years
Erin Sykes, chief economist at Nest Seekers International, weighs in on “The Bottom Line” as high interest rates continue to hurt the housing market. The housing market may finally be shifting in buyers’ favor. In a positive sign for homebuyers, the proportion of listings that were reduced in price in July jumped to 18.9%, up […]
Montauk restaurants hit by drop in sales amid soaring hotel prices in Hamptons
Normally bustling Montauk restaurants are suffering a dramatic drop in activity as rising hotel prices send inflation-hit Hamptons guests seeking cheaper destinations, Side Dish has learned. A wine and spirits distributor to Montauk restaurants said “drinks” sales are down about 20% this year. “That’s a really big number,” said a full-time East End salesman, adding […]
Back-to-school shopping presents 'pain point' for families amid high prices
In this era of high prices, parents are struggling to buy back-to-school supplies. Recent surveys have shown that parents feel they are spending more on clothing and school supplies than before and may delay buying or paying for necessities in order to buy school supplies for their children. Teachers are also facing challenges as the […]
Disney Hiking Streaming Prices as Much as 25 Percent
Thanks to the Kamala Harris economy, households will be paying up to 25 percent more for Disney streaming entertainment in the coming weeks. The Walt Disney Company announced on Tuesday that it is again increasing monthly subscription prices across its streaming entertainment services, including Disney+, Hulu, and ESPN+. Starting Oct. 17, the commercial-free Disney+ subscription […]
White Castle wooing financially-strapped customers with eye-popping menu prices
White Castle has slashed the price of its famous sliders to the lowest price in more than a decade, becoming the latest fast-food chain to offer discounts to attract financially strapped customers. The family-owned chain, which has 335 locations, including 30 in New York, is offering a promotion offering 10 cheese sliders for $7.99 — […]