Ford Motors increase 2023 EV F-150 pickup truck another $5k
Better start saving up even more for that new pick-up truck.
Even used cars are making potential buyers think twice, now
Used cars are officially unaffordable for most Americans. Interest rate bumps have forced a number of potential car shoppers to reconsider buying, even what has previously been the most ‘reasonable’ option.
Is the U.S. in a recession? Depends who you ask
Unemployment remains at a 50-year low, but the signs of an impending recession are growing clearer by the day.
Gas prices fell, but don’t get too comfortable
For 98 days straight, gas prices had edged slowly down the scale after reaching an all-time high this summer.
FedEx blames incoming “global recession” for failings, but competitors are faring fine
FedEx has given the world a wild warning of a global recession, but is that really the issue?
FedEx leadership warns of plummeting global shipping demand
They might be right. FedEx’s sales forecast was full of cost-cutting measures after Q1 profits showed poor performance.
‘Shrinkflation’ might be useful… if you look hard enough
‘Shrinkflation’ is a fun little term to describe what we suspected was true… yes, that container of ice cream did get smaller.
Wall Street embraces possible rate hikes into restrictive territory
The Federal Reserve has been raising interest rates incrementally to help fight off inflation, but it doesn’t seem to be working.
Ford warns of price increases while dealing with exports stuck in U.K. ports
Ford Motors is among the companies waiting on products to be exported through the ports currently dealing with worker strikes.
FedEx begin cutting costs after reporting downward Q1 volume
FedEx global volume is reportedly down after the Q1 update, says President and CEO Raj Subramaniam.
Gasoline prices prove to be a never-ending roller coaster ride
The ups and downs of fuel prices seem to have no end.
Continually raising federal minimum wage will not solve the cost of living problem
The federal minimum wage is $15 per hour, by executive order of President Biden in the spring of 2021.
Beef processing plant joins forces with retailer Walmart
The price of meat has gone through the roof, and Walmart is hoping to ease that inflationary pain of its customers.
Small companies struggle to compete with large retailers for warehouse space
Large companies are dominating the warehouse real estate scene, leaving smaller companies in the dust as they sign deals amounting to 37 facilities of 1 million square feet or more.
The Fed promises more rate hikes despite easing inflationary woes
Cozied up in Jackson Hole, Wyoming this week, Federal Reserve chair Jerome Powell shared a message with others at its Annual Economic Symposium: interest rates will continue to rise.
The Fed blames the supply chain for historic U.S. inflation
The Federal Reserve Bank of New York has compiled a data analysis that has placed much of the inflation blame squarely on the supply chain.
The import slowdown was caused by inflation: will it pick back up?
The Covid-19 pandemic caused an import surge that flooded the supply chain with too much product for months - but inflation seemed to have the opposite effect.
National average cost of gasoline sits at $3.99, lowest since March
Americans have been struggling with rising gas prices since early this year, but finally, they’ve seen the smallest bit of relief.
Procurement professionals swerve inflation pressures by getting creative
July inflation remained high at 8.5%, and procurement professionals are trying to find new ways to deal with all the pressure.
National diesel average declines, providing slightly more relief at the pump
For the week of August 8th, the Department of Energy’s Energy Information Administration (EIA) recorded a national diesel average cost per gallon of $4.993.