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Chipotle says it's raising prices 2% in response to inflation
Traffic at the burrito eatery continues to be steady, according to an analyst report.
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Britain wants to take the US on as a global crypto hub — but the industry has its doubts
Steven Bartlett, a U.K. entrepreneur and podcaster, questioned whether the country had the risk appetite to capitalize on crypto’s “generational opportunity.”
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Coinbase policy chief expects speedy approval of crypto laws following Trump's victory
Crypto legislation should make its way through Congress “fairly quickly” after Donald Trump’s election win, according to Coinbase’s chief policy officer.
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US consumer price increases accelerated last month with inflation pressures resilient
Consumer price increases accelerated last month, the latest sign that inflation’s steady decline over the past two years has stalled.
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Thanksgiving meal is historically cheap this year
A nationwide survey of grocery prices by the American Farm Bureau Federation showed that a Thanksgiving dinner this year is at its lowest level since 2021.
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Trump tariffs to push down U.S. growth ‘a great deal' going into 2026, Morgan Stanley warns
Donald Trump’s proposed tariffs will dent U.S. economic growth going into 2026, said Morgan Stanley’s chief global economist Seth Carpenter.
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Visa and Mastercard execs grilled by senators on ‘duopoly,' high swipe fees
Senate Judiciary Committee members say the ‘duopoly’ has left retailers with no ability to negotiate high interchange fees.
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Advance Auto Parts is closing hundreds of stores in an effort to turn its business around
Advance Auto Parts is closing more than 500 stores and shedding another 200 independent locations.
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Here's the inflation breakdown for October 2024 — in one chart
Consumers saw price relief at the gas pump and grocery store. But housing inflation and other categories, such as car insurance, are trouble spots.
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Biden funded new factories and infrastructure projects, but Trump might get to cut the ribbons
With the unemployment rate low and inflation easing, Trump will inherit an economy primed for growth.
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Credit card debt among retirees jumps — ‘It's alarming,' researcher says
There’s been a significant increase in the share of retirees with credit card debt since 2022, according to the Employee Benefit Research Institute.
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America's prospective homebuyers absorb harsh reality: Mortgage rates probably aren't coming down for a while
The average 30-year mortgage rate has been above 6% for two years — and is likely to stay above that level for the foreseeable future, experts say.
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Federal Reserve cuts its key interest rate by a quarter-point
The rate cut follows a larger half-point reduction in September, and it reflects the Fed’s renewed focus on supporting the job market as well as fighting inflation.
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September home sales drop to lowest level since 2010
Inventory was 23% higher from September 2023 last month, good news for home buyers as it gives consumers more properties to view before making a decision.
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US deficit tops $1.8 trillion in 2024 as interest on debt surpasses trillion-dollar mark
The shortfall was more than 8% from the previous year and the third highest on record, the Treasury Department said Friday.
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US jobless claims hit 258,000, the most in a year
The consumer price index was expected to show a 0.1% increase in September and a 2.3% gain from a year ago, according to Dow Jones consensus estimates.
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Sen. Warren and Rep. Dean demand major food and beverage CEOs stop ‘shrinkflation'
Two Democratic lawmakers are demanding that some of the biggest food and beverage companies stop engaging in “shrinkflation” — the practice of reducing product sizes while charging prices that are the same or higher.
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US could see shortages and higher retail prices if dockworkers strike drags on
U.S. ports from Maine to Texas shut down this week when the union representing about 45,000 dockworkers went on strike for the first time since 1977.
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Businesses relying on ports hope for deal with striking dockworkers
Striking dockworkers and the ports they are picketing could not come to an agreement Wednesday. The International Longshoremen’s Association went on strike just after midnight Tuesday after the expiration of the union’s contract with the ports. The workers are calling for higher wages and protections from automation. With uncertainty over when the strike will end and the economic impacts...
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Dockworker strike continues to impact ports
Dockworkers and ports still can’t come to an agreement. Major businesses in Massachusetts are starting to hurt, and soon customers could end up paying for the stalemate.
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