Food prices are rising dramatically, and this is not only due to inflation

Food prices are rising dramatically, and this is not only due to inflation

Over the past 12 months, grocery prices have risen 13.1% — the largest annual increase since the year ending March 1979, the Bureau of Labor Statistics said Wednesday. Almost every grocery item has gone up in price over the past year. The cost of eggs increased by 38%, and the prices of other goods rose … Read more

These stocks rose as much as 12% after inflation calmed down

These stocks rose as much as 12% after inflation calmed down

Amid the euphoria that followed what appeared to be the first sign of slowing inflation, stocks saw a broad rebound on August 10, with dozens of big stocks gaining 5% or more. Those names included many of the tech names that investors loved during the early stages of the coronavirus pandemic, along with cruise lines, … Read more

Internet Marketing CEO Braden Wallach Posts A Crying Selfie Announcing Layoffs — Toasted

Internet Marketing CEO Braden Wallach Posts A Crying Selfie Announcing Layoffs — Toasted

The CEO of an internet marketing company has come under attack on social media after he posted a “boring-worthy” selfie on LinkedIn that showed him crying when he announced the layoffs. Braden Wallick, CEO of HyperSocial Marketing Services based in Columbus, Ohio, took to LinkedIn to announce the separations on a long and fun employee … Read more

Why did gas prices drop below $4 for the first time in months

Why did gas prices drop below  for the first time in months

The national average price of gasoline fell below $4 a gallon this week for the first time in five months, providing marginal relief to cash-strapped American motorists. The average price per gallon was $3.99 on Tuesday on tracked sites Through the GasBuddy fuel analysis platform. The company said the drop in oil prices is most … Read more

US inflation slips from 40-year peak but remains 8.5% high

Washington (AFP) – Falling prices for gas, airline tickets and clothing helped give Americans a slight respite from the pain of high inflation last month, although overall price increases only modestly slowed from a four-decade high. reached in June. On Wednesday, the government said consumer prices jumped 8.5% in July from a year earlier, down … Read more

The markets were extrapolating from one version to another. These fund managers say:

Wow, that was such a shock: we Consumer price growth It slowed to 0% in July, the Labor Department said on Wednesday. Core price growth slowed to 0.3%, less than expected. Over the past 12 months, prices have risen by 8.5%, also falling short of expectations. The soft reading seems to justify the 13% rise … Read more

The markets were extrapolating from one version to another. These fund managers say:

Wow, that was such a shock: we Consumer price growth It slowed to 0% in July, the Labor Department said on Wednesday. Core price growth slowed to 0.3%, less than expected. Over the past 12 months, prices have risen by 8.5%, also falling short of expectations. The soft reading seems to justify the 13% rise … Read more

Israeli students accuse Ben and Jerry of occupying clan lands

Israeli students claim that ice cream maker Ben & Jerry’s “illegally” occupies land in Vermont once owned by Abenaki Native American tribe She must practice what she preaches and give up the property immediately. A shameful letter sent to B&J — signed by more than 1,000 Israeli students and academics affiliated with Students for Justice … Read more

Israeli students accuse Ben and Jerry of occupying clan lands

Israeli students claim that ice cream maker Ben & Jerry’s “illegally” occupies land in Vermont once owned by Abenaki Native American tribe She must practice what she preaches and give up the property immediately. A shameful letter sent to B&J — signed by more than 1,000 Israeli students and academics affiliated with Students for Justice … Read more

BlackRock warns investors not to buy defensive stocks and bonds as tech-led rally is at risk of fading out

After a stunning July rally, US stocks SPX, -0.42% They have been caught in a tight trading range for the past two weeks as investors struggle to make sense of some of the most confusing economic data in recent years. But while the S&P 500 index held above the key 4000 level thanks in large … Read more