A fast food run ain’t what it used to be. A TikTok video of a customer complaining about the price of a $25 deal at a California McDonald’s has sparked blame for the state’s latest minimum wage increase for fast food workers. Since going into effect on April 1, the law requires chains with 60 […]
Category: Business
Stubborn Inflation Ticked Up In March
Inflation picked up slightly in March as Americans saw their paychecks rise and kept up a sturdy pace of spending, according to data released Friday by the Commerce Department. The personal consumption expenditures (PCE) price index, the Federal Reserve’s preferred gauge of inflation, rose 0.3 percent in March and 2.7 percent over the past year. […]
Tik-Tok ban passed by House; goes to Senate
TikTok users could soon find that the popular social media service is either under new ownership or, although it wouldn’t happen immediately, outright banned in the U.S. On Saturday, the House passed legislation that would bar TikTok from operating in the U.S. if the popular platform’s China-based owner doesn’t sell its stake within a year. […]
Biden wants to control the internet
People have watched the Biden administration employ a wide array of aggressive regulatory policies that increasingly restrict American companies and constrain economic growth. And although the competition is stiff, it would be hard to find a more hostile regulatory barrage than what has been coming out of my old institution, the Federal Communications Commission. Under […]
Have a B of A bank account? Beware De-banking
A dozen Republican-led states plan to send a letter to Bank of America demanding an explanation for why it allegedly de-banked Christian and other conservative groups. The letter obtained first by DailyMail.com, led by Kansas Attorney General Kris Kobach, demands that the financial institution turn over documents related to its account cancellation policies and requested […]
Don’t like LED light bulbs? Too bad says Govt
The Department of Energy, or DOE, announced Friday that it’s strengthening energy efficiency requirements for light bulbs in U.S. markets, in a move anticipated to save Americans $27 billion on their utility bills over 30 years. The DOE estimates that the new standards will prevent 70 million metric tons of carbon from being emitted over […]
Doing better under Biden? Check the stats
Prices are up nearly 19% across the board since President Joe Biden entered office, meaning households are suffering sticker shock even if the inflation rate has moderated in recent months. Inflation, as tracked by the consumer price index, rose to 3.5% for the year ending in March, the Bureau of Labor Statistics reported Wednesday. Overall, […]
Gas prices going up fast and will continue to
Budget-conscious motorists may want to fill up sooner rather than later, as prices at the pump are likely headed higher in the near term. The approach of the peak driving season and the annual switch by refineries to more costly summer gasolines has driven up the national average for unleaded to $3.63, according to AAA. […]
Is inflation ever going away?
The government announced Wednesday morning that inflation rose 0.4% in March, part of a 3.5% increase on an annual basis. The rise, which clearly means that inflation is not subsiding, took some big media outlets by surprise. The New York Times said the increase in prices was “unexpectedly sharp.” The Washington Post called it “hotter […]
Inflation surges to 3.5% due to gas prices & rent
Surging gas prices and sky-high mortgages and rent sent inflation rising more than expected in March, adding to Americans’ prolonged and painful battle with high costs. That could force the Federal Reserve to keep its punishing rates higher for longer. US consumer prices picked up again last month, vaulting to a 3.5% increase for the […]
Hotel prices in solar eclipse path of totality soar
Susan Hochman, who for seven years has been planning to travel to see the solar eclipse on April 8, will be shelling out hundreds of dollars for a one-night stay at a modest hotel room in Saranac Lake, New York, which is in the path of the so-called totality. She’ll be spending $650 to spend […]
Dollar stores are going broke across the country
Shoppers across large swaths of the country are mourning the bargains they’ll soon never bag again behind the bright-pink-branded storefronts. 99 Cents Only Stores — a discount chain with stores in California, Texas, Arizona and Nevada — is winding down its business operations at all 371 locations, the company said Thursday. After more than four […]