“Buy Now, Pay Later” options are being utilized for everyday expenses at an alarming rate, concerning economists further
While ”Buy Now, Pay Later” was originally an option made for big-ticket items, the trend in usage for everyday items is troubling.
Small businesses are the consistent victims of growing price tags
Record-high inflation has destroyed projections and budgets across the globe, leading many small businesses to shut down shop.
AP-NORC poll finds that a staggering amount of Americans, including 8 in 10 Democrats, are worried for America’s near-future
Gas and groceries prices, a war in Eastern Europe, and deepening political divides in America have both sides of the aisle troubled.
Biden Says that Americans will need to deal with high gas prices until Russia removes itself from Ukraine
“As long as it takes,” was President Joe Biden’s answer to reporters in Madrid on June 30 regarding how much longer the gas prices will rise in the West.
The Federal Reserve promises that they will slow inflation, no matter what
The Federal Reserve is working overtime to convince the public a recession can be avoided. But will it be enough?
Consumer Price Index reports inflation is number on economic issue
Inflation is now the number one topic of concern for the economy, according to the All Items Consumer Price Index (CPI).
Abercrombie Q1 freight spending $15 million over forecast
Apparel company Abercrombie & Fitch's Q1 freight costs were over $15 million more than what was predicted.
Despite positions not being filled, worried executives are removing job listings
Job openings have been quietly closing, despite the position not being filled.
New CEO of FedEx prepares for June 29th shareholder meeting
Investors have been voicing concerns over China’s Covid-related lockdowns and growing labor costs for the company.
Tesla raises prices across the board
Tesla has increased the prices of their vehicles across the board, with an average increase of $6,000 retail.
59.3% of manufacturing leaders fear a recession is likely within 12 months
The National Association of Manufacturers conducted a survey titled, “Q2 2022 Manufacturers’ Outlook Survey”, asking the leading manufacturers for their opinions on recession, inflation, hiring and China competition legislation.
Wholesale prices up 10.8% this month
Wholesale prices used to be a “good deal”, until now.
The supply chain has always been this fragile
The pandemic brought supply chain issues squarely to the forefront of most Americans’ minds.
May’s Consumer Price Index has highest peak since 1981
With rising inflation, real wages declined 0.6% despite many wage increases given to employees.
Rising costs cause transportation logistics companies to sweat
A recent Logistics UK survey dubbed, “the May 2022 Performance Tracker,” concluded that 75% of logistics companies are dealing with rising costs.
“Shrinkflation” is in full effect
Your eyes do not deceive you - packaging is growing smaller.
A ’70s Stagflation repeat can no longer be dismissed
Stagflation was a 1970’s problem, but we might be looking down the same barrel today.
Walmart v. Amazon: the fight for e-commerce throne
Walmart v. Amazon - the former is betting on its warehouse capacity will outshine the e-commerce giant in market share.
Compensation adjustments being made by 63% of executives
According to a March 2022 Gartner survey, 63% of companies are planning to make compensation adjustments for their employees to help battle the growing inflation issue.
The Federal Reserve seems unsure about possibility of a recession
The strong economy benefits from raising wages and consumers continuing to spend. In a way, this inflationary period is testing the limits.