[The New York Times] The move is a blow to the Mexican state of Michoacán, which exports roughly $3 billion worth of the fruit annually. Whether smeared on toast, added to a salad or topping a burrito, the avocado has become a staple in the diets of many Americans. But […]
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[Yahoo! Finance] Food prices drove much of the inflation rise in January, according to the latest data from the Bureau of Labor Statistics. And there’s no relief is in sight for consumers struggling with sky-high food expenses, says one strategist. “Part of the problem beyond the cost of raw materials […]
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[Yahoo! Finance] Inflation? Oh yeah, I’m old enough to remember. As I’m sure you saw, inflation numbers came out red-hot on Thursday, with prices for the month of January rising at an annualized rate of 7.5%, the highest since February 1982. “This is a big shock to me,” says Jian Yang, professor […]
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[CNN Business] Past may not be prologue for financial markets as the global economy continues to reel from the pandemic. But a traditional recession signal is still catching Wall Street’s attention. What’s happening: The US government bond market sold off on Thursday alongside stocks following the news that inflation reached 7.5% […]
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[GO Banking Rates, Shutterstock] The 2021 housing market gave prospective buyers a wild ride. Shortages of materials and labor made inventory scarce, while rock bottom interest rates boosted demand, creating a perfect storm of bidding wars and inflated home values. Things are expected to calm down in 2022. So if […]
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[Yahoo! Finance] As concerns around inflation soar, American consumers’ outlook on the trajectory of the U.S. economy has deteriorated, worrying some experts that negative attitudes could dampen expenditure and put a dent in economic growth. The University of Michigan’s closely-watched consumer sentiment index fell to 61.7 in early February, hitting the […]
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[CNBC, Getty Images] Even though the Federal Reserve is about to embark on an inflation-fighting strategy, the impact won’t be felt for months or longer. Monetary policy works with a lag, which means it takes time for rate moves to circulate through the economy. The Fed has no direct way […]
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[GO Banking Rates, Shutterstock] Amid the Great Resignation and an ongoing pandemic that is contributing to the dramatic surge of inflation, the American work life is changing. People are working as hard as ever, but many (particularly millennials and Gen Z) are placing greater importance on flexibility and the option to […]
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[CNBC, Tori Gerbig] In 2011, when I wasn’t working my $25,000-per-year insurance job or spending time with my family, you could find me shopping online. I was 24 years old, and I loved browsing the internet for clothes that were both on-trend and affordable. Unfortunately, there weren’t too many options […]
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[CNBC] Private payrolls fell by 301,000 for January versus the estimate for a 200,000 gain, according to payrolls processing firm ADP. This was the first reported net job less since December 2020 and came as surging omicron cases hit hiring. The pandemic-sensitive leisure and hospitality industry was the hardest hit, […]
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