Tag Archives: Prices

Despite inflation cooling down a bit in August, up 8.3%, Americans can still expect to pay up on their next trip to the grocery store. According to the Bureau of Labor Statistics’ August Consumer Price Index (CPI), the overall cost of food rose 11.4%, with the food-at-home category, groceries, up 13.5% year-over-year. For the overall food category, that’s the highest increase since May of 1979, but for the food-at-home category, that’s the largest increase since March of 1979, according to… Source link

Bitcoin prices have been trading close to $20,000 at a time when search interest is relatively low. … [+] (Photo by Nicolas Economou/NurPhoto via Getty Images) NurPhoto via Getty Images Bitcoin prices dropped under $20,000 yesterday, reaching a roughly six-week low, and they have failed to recover since then. The digital currency briefly dipped below this key, psychological level early on August 27, according to TradingView data. Later that day, the cryptocurrency… Source link

Oil prices could spike again by the beginning of 2023, says one analyst. “Domestically, whether it’s oil or it’s gas, these companies have very very limited incremental capacity at this time,” Truist Securities Managing Director of Energy Research Neal Dingmann told Yahoo Finance Live. U.S natural gas prices rallied on Monday to new 14-year highs over reserve concerns and the energy crisis in Europe. Oil prices declined during the session amid worries of a global slowdown and the prospects of… Source link

Walmart’s business looks to have stabilized after surging inflation for food and gas weighed on the company’s guidance a few weeks ago. The world’s largest retailer revised its full year guidance for profits to drop 9% to 11% from a prior range for a 11% to 13% decline. Walmart stock popped 4% in pre-market trading Tuesday following a 15 cents a share beat versus Wall Street profit estimates. Sales came in better than expected as well. Yahoo Finance caught up with Walmart’s well-regarded CFO Source link

Gas prices in the U.S. fell below $4 dollar per gallon for the first time since March, leaving Americans with more money to satisfy fast food cravings. “Never short the American appetite,” Citi Research U.S. Restaurant and Leisure Analyst Jon Tower, told Yahoo Finance (video above), adding that certain restaurant brands are now in a sweet spot to serve up returns for investors. Tower’s top picks include: YUM! Brands (YUM), Domino’s (DPZ) and Wingstop (WING). At the peak of higher gas prices in… Source link

Extreme weather events, from droughts to floods, have inflated global food prices beyond the effects of the Russia-Ukraine war — and climate change will only continue to stress crop yields. “The climate is the No. 1 reason why food prices go up,” Sal Gilbertie, president and CEO of Teucrium Funds (CORN), told Yahoo Finance Live (video above). “It happens all the time. If you look at the last six or seven times that global grains have risen, all but one — and that would be the Ukraine war… Source link

The housing market boomed in 2020 and 2021 but is now cooling rapidly.AFP/Getty Images US home prices are already falling and are set to tumble in the coming months, an economist said Tuesday. Ian Shepherdson, chief economist at Pantheon Macro, told clients “the next few months will be very tough” for the housing market. Property markets boomed in 2020 and 2021 but are rapidly cooling as central banks hike interest rates, pushing up mortgage costs. US home prices are already falling and are… Source link

The U.S. still remains ‘a ways away’ from reaching an international agreement to impose a price cap on Russian oil exports, with limited enthusiasm from the world’s largest energy buyers India and China, so far, a Senior Biden energy advisor said. But Amos Hochstein, Special Coordinator for International Energy Affairs for President Biden, said he remains optimistic that Russia would ultimately continue its output despite a price limit, in large part because ‘their economy has nothing… Source link

Hey, friends! It’s that time again. Another week has passed us by, which means another issue of Week in Review — the newsletter where we recap the top stories to hit TechCrunch’s front page in the past seven days. Sign up here! The top story this week was about a new set of documents detailing how (and how often) the Department of Homeland Security taps third-party data brokers to obtain potentially sensitive location info while “sidestepping the legal process government… Source link

U.S. consumer prices in June accelerated at the fastest annual pace since November 1981 — rising 9.1% year-over-year, up from May’s 40-year high of 8.6%. Soaring food prices contributed significantly to the surge with the category seeing increases of 1% over the month and 10.4% annually, the biggest 12-month increase since the period ending February 1981. Grocery prices rose 1% last month and 12.2% on a year-over-year basis with the prices of cereal, bread, and chicken seeing increases of… Source link