Although eating out is still an expensive endeavor, food prices aren’t rising faster than overall inflation for the first time since early last year. According to data from the Bureau of Labour Statistics, the most recent Consumer Price Index, which was made public on Tuesday, indicated that food prices rose 2.9% for the year that … [Read more…]
US oil futures saw a loss for the seventh week in a row on Friday, their longest losing run in five years. The prolonged decline is the result of analysts discounting the Organization of the Petroleum Exporting Countries’ pledges to restrict supply in favor of growing concerns about global production. Although markets don’t believe all … [Read more…]
Underwear, granola bars, cookies, detergent, and deodorant. When you purchase any of these commonplace items, you will likely scan not one, not two, and occasionally three separate prices crammed beneath them on the shelf at the store. One price label will usually read “unit price.” That label, which reads “You Pay,” or the amount a … [Read more…]
A welcome break from the rapid price increases that have plagued them for over two years would be provided by the discounts offered by certain stores. However, investors, economists, and CEOs aren’t quite so enthusiastic about it. In an article that was published on Wednesday in The Wall Street Journal, tech investor and ARK Investment … [Read more…]