Consumer goods

'We haven't seen a spike in food inflation yet': Food prices haven't risen so steeply since 1979, with basic groceries up nearly 40%

‘We haven’t seen a spike in food inflation yet’: Food prices haven’t risen so steeply since 1979, with basic groceries up nearly 40%

Food prices continued to rise in August, putting pressure on low- and middle-income households in particular. The cost of food for home preparation rose 13.5% from August 2021, the highest growth rate since March 1979, according to government data. The annual rise in the US consumer price index was 8.3% in August. Overall, food was …

‘We haven’t seen a spike in food inflation yet’: Food prices haven’t risen so steeply since 1979, with basic groceries up nearly 40% Read More »

'We haven't seen a spike in food inflation yet': Food prices haven't risen so steeply since 1979, with basic groceries up nearly 40%

‘We haven’t seen a spike in food inflation yet’: Food prices haven’t risen so steeply since 1979, with basic groceries up nearly 40%

Food prices continued to rise in August, putting pressure on low- and middle-income households in particular. The cost of food for home preparation rose 13.5% from August 2021, the highest growth rate since March 1979, according to government data. The annual rise in the US consumer price index was 8.3% in August. Overall, food was …

‘We haven’t seen a spike in food inflation yet’: Food prices haven’t risen so steeply since 1979, with basic groceries up nearly 40% Read More »

Meta Is One Of The Worst Performers In The S&P 500 Today, But These 5 Other Stocks Lost $387 Billion In Value

These five S&P 500 stocks lost nearly half a trillion dollars in value in one day amid widespread annihilation

A drop in gasoline prices couldn’t mask the problem that spooked investors on September 13: core consumer prices resumed their rapid rise in August. Fear of the Federal Reserve’s continued monetary policy tightening to fight inflation sent the Dow Jones Industrial Average DJIA down 1,276 points (or 3.9%) to 31,104, with all 30 components posting …

These five S&P 500 stocks lost nearly half a trillion dollars in value in one day amid widespread annihilation Read More »

Meta Is One Of The Worst Performers In The S&P 500 Today, But These 5 Other Stocks Lost $387 Billion In Value

Meta Is One Of The Worst Performers In The S&P 500 Today, But These 5 Other Stocks Lost $387 Billion In Value

A drop in gasoline prices couldn’t mask the problem that spooked investors on September 13: core consumer prices resumed their rapid rise in August. Fear of the Federal Reserve’s continued monetary policy tightening to fight inflation sent the Dow Jones Industrial Average DJIA, -3.94% down 887 points (or 2.7%) to 31,494, with all 30 components …

Meta Is One Of The Worst Performers In The S&P 500 Today, But These 5 Other Stocks Lost $387 Billion In Value Read More »

Biden has finalized his plan to rein in Big Tech.  Big Tech was not invited.

Biden has finalized his plan to rein in Big Tech. Big Tech was not invited.

President Joe Biden’s administration released a checklist of actions needed to rein in Big Tech on Thursday, following a roundtable “listening session” on issues in the tech industry. But administration officials weren’t “listening” to companies that are the target of many desired actions – Google’s parent company Alphabet Inc. GOOGL, +2.09% GOOG, +2.16%, Amazon.com Inc. …

Biden has finalized his plan to rein in Big Tech. Big Tech was not invited. Read More »