Inflation

How Chinese retailers can offer Americans great deals on clothes, and why that could change

How Chinese retailers can offer Americans great deals on clothes, and why that could change

WASHINGTON (AP) — As a substitute teacher in her mid-20s, Lindsey Pools was happy to discover the fashion world of Shein more than 10 years ago, drawn by the super-low prices — with tops selling for a few dollars, dresses under $10 and free shipping on orders over $29. Puls, who has a blog called …

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Kellogg’s CEO Says People Should Eat Cereal for Dinner to Save Money

Kellogg’s CEO Says People Should Eat Cereal for Dinner to Save Money

Kellogg’s CEO, Gary Pilnick, advised shoppers, who are funneling more of their paychecks toward rising grocery bills than they have in the past three decades, to just eat cereal instead. “The cereal category has always been quite affordable and usually a great destination when consumers are under pressure,” Pilnikan said in an interview with CNBC …

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Stock market today: Wall Street ends mostly higher after a late wave of buying |  Business

Stock market today: Wall Street ends mostly higher after a late wave of buying | Business

NEW YORK (AP) — Stocks ended mostly higher on Wall Street Wednesday after a lackluster day of trading with major technology stocks once again acting as a heavy weight on the market. The S&P 500 rose 6.29 points, or 0.1%, to 4,981.80. The benchmark index spent much of the day losing territory before climbing higher …

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Stock market today: More weakness in tech companies drags Wall Street lower

Stock market today: More weakness in tech companies drags Wall Street lower

NEW YORK (AP) — Stocks fell on Wall Street on Wednesday as weakness in technology companies continued to drag down the market. The S&P 500 was down 0.5% in afternoon trade. The tech-heavy Nasdaq gave up 1.1 percent and the Dow Jones Industrial Average fell 178 points, or 0.5 percent, as of 2:43 p.m. ET. …

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The Federal Reserve is on track to cut rates this year, Powell says

The Federal Reserve is on track to cut rates this year, Powell says

WASHINGTON (AP) — Chairman Jerome Powell said in an interview broadcast Sunday night that the Federal Reserve remains on track to cut interest rates three times this year, a move expected to begin as early as May. Powell, in an interview taped Thursday for the CBS news program “60 Minutes,” also said the nation’s job …

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Small business optimism rises despite inflation: Goldman Sachs survey

Small business optimism rises despite inflation: Goldman Sachs survey

U.S. President Joe Biden speaks during an event in the Rose Garden at the White House to mark National Small Business Week on May 1, 2023, in Washington, DC. Alex Wong | Getty Images Small business owners are more optimistic to start the year even as they face persistent inflation and credit concerns, a new …

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Why Popular Tourist Destinations Like Aspen Will Get More Expensive in 2024

Why Popular Tourist Destinations Like Aspen Will Get More Expensive in 2024

Abhardphoto / Pixabay If you are planning your vacations for 2024, you may notice many popular tourist destinations with a higher cost. As we head into the new year, there are a few vacation destinations that were once budget-friendly, but will now require you to shell out a little more cash. Several factors, such as …

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