inflation

The week in whoppers: Hakeem Jeffries flips inflation on its head, Chuck Schumer scaremongers on the GOP's budget bill and more

House Minority Leader Hakeem Jeffries falsely claimed that inflation is up since President Trump took office.

Cheesecake Factory slammed for 'sad' new portion sizes on its signature item: 'This makes me mad'

Are they serving slimmer slices of this fattening fave?

Hooters shutters dozens of restaurants after bankruptcy filing as industry suffers

Around 30 locations were closed around the country, according to local news outlets.

Trump hiring freeze hurting quality of inflation data collection: report

The Bureau of Labor Statistics reportedly reduced the number of businesses at which it checks prices for the benchmark Consumer Price Index report.

Campbell's CEO says company sees shift in American households

Campbell's CEO Mick Beekhuizen revealed the shift he noticed with American consumers.

Treasury Secretary Scott Bessent reminds CBS anchor about wrong inflation prediction: 'Numbers are the best in 4 years'

Treasury Secretary Scott Bessent took a victory lap Sunday over recent inflation numbers that show a key benchmark hitting a four-year low, hailing it as vindication against the naysayers who...

Fed's preferred inflation gauge cools to lowest level since September — calming rattled markets

Economists and some business executives have warned that prices will likely head higher as Trump’s widespread tariffs take effect, though the timing and impact of those duties are now in doubt after...

Fed officials worried about rising inflation risks due to Trump tariffs: 'More persistent than expected'

Fed policymakers were less concerned about rising unemployment, the minutes from this month's meeting showed, a key reason they left rates unchanged.

Starbucks has never been more expensive — see how many minutes you have to work to afford a coffee now

Java website Coffeeness analyzed how many minutes Americans in each state need to clock to get their daily fix of Starbucks.

Wholesale prices plunge by most since 2020 despite Trump tariffs

Economists have predicted that Trump’s tariffs would drive up prices, and many expect the impact to show up in June or July.

Grocery store chain nationwide overcharging on items -- including some expired by 90 days: investigation

An investigation led by Consumer Reports found erroneous price tags at dozens of Kroger stores.

Here's when New Yorkers can expect to get their 'inflation refund check'

Millions of New Yorkers will start receiving their so-called “inflation refund checks" in the fall, Gov. Kathy Hochul said Wednesday

The Starbucks app's most expensive order will set you back a whopping $44 — here's what's in it

Inflation has come for everything — your rent, groceries, therapist bill — and yes, even your daily Starbucks order.

US inflation slows unexpectedly to 2.3% in April -- Trump presses Fed to slash rates: 'Just let it all happen'

The Consumer Price Index jumped 2.3% in April from the year before, below March's 2.4% increase, the Bureau of Labor Statistics said Tuesday.

Trump to sign executive order to cut prescription drug prices by 30% to 80% -- he says to match other countries

The US spends $400 billion on prescription drugs every year -- often triple what other countries spend and typically more than any other nation. 

Millions of NY residents to get 'inflation refund' checks —here's how much you can expect to receive

Roughly 8.2 million tax filers are expected to qualify for the relief payments, which will cost the state approximately $2 billion.

Tyson Foods shares sink as meatpacker warns of 'challenging market conditions' for beef

Demand for Tyson's beef declined as average prices spiked 8.2% in the second quarter.

Ink trade deals ASAP to avoid a downward economic AND political spiral

It's clear that President Donald Trump’s tariff gambit has prompted numerous nations to step up with deals; his negotiators need to grab them, fast, to avoid a political and economic...