Inflation rose two-tenths of a percentage point to 2.6% for the year ending in October, the Bureau of Labor Statistics reported Wednesday in an update to the consumer price index, the first rise in annual inflation in six months. The increase is unwelcome news for the economy and President-elect Donald Trump as he prepares to […]
Grocery store owners clapped back after Whoopi Goldberg on ABC’s “The View” called them “pigs” over food inflation — and raised concerns that the name-calling could expose store owners to further violence, The Post has learned. The comedian claimed “the folks that own the groceries are pigs” as she blamed them for rising prices at […]
Dockworkers on the U.S. East Coast and Gulf Coast began a strike early on Tuesday, their first large-scale stoppage in nearly 50 years, halting the flow of about half the nation’s ocean shipping after negotiations for a new labor contract broke down over wages.The strike blocks everything from food to automobile shipments across dozens of […]
The share of Americans moving has reached its lowest in history — and it doesn’t look like it’s climbing back up anytime soon. Moving — across town, across the state and across the country — for new jobs and better lives was once a common part of American life. Now, staying put longer is the […]
During the heat dome that blanketed much of the Southeast in June, Stacey Freeman used window units to cool her poorly insulated mobile home in Fayetteville, North Carolina. Over the winter, the 44-year-old mom relied on space heaters. In both instances, her energy bills reached hundreds of dollars a month. “Sometimes I have to choose […]
Despite their combined six-figure income, the homeownership dream has soured for young Americans Laura and Samuel Graves, who are left with little choice but to build their family in a suburban Portland apartment as they patiently search for a home that suits their budget. e refuse to become ‘house-poor’ and, like many others, are choosing […]
Vice President Kamala Harris will try Friday to shift blame for inflation from a federal government headed by her and President Joe Biden to a greedy private sector. The push against price-gouging not only allows Harris to distance herself from Bidenomics and one of the least popular aspects of the Biden-Harris administration, but it allows […]
Americans are snapping up small cars again, not because they want to, but because it’s what they can afford. Higher sticker prices, plus lofty borrowing rates, are making it harder for people to buy the new car of their dreams, so they often have to settle for a smaller vehicle or look for a bargain […]
McDonald’s global sales slumped in the second quarter, marking the first decline for the fast-food giant since 2020 as inflation-weary consumers pull back on eating out. In the U.S., McDonald’s same-store sales between April and June fell almost 1%, a dip management attributes to slowing foot traffic as low-income consumers in particular pare spending on […]
A typical entry-level home in the U.S. costs roughly $200,000. But in a growing number of cities, that would only cover the down payment. With housing in short supply around the country and the stiffest mortgage rates in years, you need at least $1 million to buy a starter home in 237 cities, according to […]
Postal rates, including the price of Forever stamps, are going up again. Forever stamps get a 5-cent increase from 68 cents to 73 cents when the price increase goes into effect on Sunday. When Forever stamps were introduced in 2007, they cost 41 cents each. That’s a 78% increase in 17 years. The U.S. Postal […]
It will soon cost more to be a part of the club. On Wednesday, Costco Wholesale announced plans to increase annual membership fees by $5 to $10 in the U.S. and Canada, effective Sept. 1. It is the first time in seven years the retail giant has done so. The annual fee, last raised in […]