Sheri Thompson is struggling to stretch her family’s weekly $200 food budget with grocery prices nationwide up 13.5% since last August. “My grandson, he comes in and he says, ‘Nana, we should be on lunchtime by now.’ And I said, ‘No. We actually skipped lunch. We’re on dinner,’” Thompson said. She shops for groceries at … Read more
Inflation sends prices soaring at discount stores – CBS News Watch CBS News Prices for meat, poultry, fish, eggs and dairy products increased at a higher rate at discount stores than many other grocery stores — a sign that inflation is hitting people who can least afford the price increases the hardest. Carter Evans takes … Read more
US apparel retailers are preparing steep markdowns to clear shelves ahead of the critical holiday season, as inflation pushes consumers to pull back on discretionary spending and wait for deals. Clothing stores are battling a glut of inventory and a split in spending habits, as lower-income shoppers put necessities including food and rent first while … Read more
AT&T is suing T-Mobile. On Tuesday, the carrier filed a complaint with a federal court in the Eastern District of Texas, accusing its rival of false advertising. T-Mobile’s recently launched “Verizon and AT&T Ban Senior Discounts” campaign is at the center of the lawsuit. The activation includes a website that claims “92 percent of seniors … Read more
Mathieu Young/Getty Images Americans traveling to Europe can do so a bit more cheaply these days than in recent years. The U.S. dollar is trading at its highest level in roughly two decades relative to the euro — meaning travelers can buy more overseas. related investing news ‘Get out of these distorted markets’: Mohamed El-Erian … Read more
Aston Martin shares tumbled 16 per cent after the lossmaking carmaker priced its £576mn rights issue at a big discount to help it pay down debt. The company will sell 559mn new shares at 103p each, a discount of 78 per cent on its closing price on Friday. The four-for-one rights issue is part of … Read more
A mansion overlooking Regent’s Park has sold for under £130mn, a discount of more than £50mn on its asking price, in a sign that rising development costs and the departure of wealthy Russian buyers are hitting the top of London’s housing market. Indian businessman Ajay Kalsi has struck a deal to buy 1-18 York Terrace … Read more
The Office for National Statistics has decided that a £400 discount from the UK government to help households with energy bills will not lower inflation this winter. In a ruling on Wednesday that will come as a blow to the Treasury, the move will see UK inflation jump in October to close to 13 per … Read more
Bitcoin (BTC) futures are starting to see record discounts as sentiment among derivatives traders worsens. In its latest dedicated report issued Aug. 23, analysis firm Arcane Research painted a worrying picture of morale among BTC futures participants. Futures basis revisits June lows After an initial shock during June’s BTC price drop, which has since held … Read more
Stock and crypto investment platform Robinhood has reportedly scored a 58% cut on its $170 million offer to buy crypto exchange Ziglu due to adverse market conditions. The initial offer from Robinhood came in April, however according to various reports online around Aug.17, the company revised its offer to $72.5 million after citing adverse market … Read more