Prices at grocery stores and restaurants rose 0.2 percent last month from April, an increase after prices remained flat the two months before.
Category: Budgets and Budgeting
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Debt Limit Negotiators Debate Spending Caps to Break Standoff
The strategy, which was used in 2011, could allow both sides to save face but would most likely do little to chip away at the national debt.
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More Americans Say Finances Are Tighter Because of Inflation
A new Federal Reserve survey finds that the strong job market hasn’t been enough to offset the rising cost of living for many families.
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Higher Food Prices Bring Bigger Profits, but Consumers Start to Resist
Some of the biggest packaged food companies raised their prices last quarter and their profits rose, but some customers were starting to cut back or trade down.
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N.B.A. Blames Economy for Hiring Freeze and Budget Cuts
In a memo, the league said it was “facing a very different economic reality than just one year ago.”
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California Economy Is on Edge After Tech Layoffs and Studio Cutbacks
As recession fears persist, the troubles in major industries have hurt tax revenues, turning the state’s $100 billion surplus into a deficit.
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What to Do With Your Tax Refund, According to Experts
The average refund is down from last year, but still almost $3,000. One option experts recommend is stashing part of it for unexpected expenses.
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Ukraine Needs Shells, and Arms Makers Want Money. Enter the E.U.
The New York Times – Business:Ukraine is firing artillery shells faster than manufacturers can make them. Brussels is working on a plan to increase production by guaranteeing big advance purchases.
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Consumers Try to Change Their Spending Habits After the Pandemic
The New York Times – Business:The pandemic gave consumers an excuse to spend more to make up for lost time. Those who went overboard are trying to reverse course.
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Food Prices Weigh on Seniors’ Savings, Health and Even Social Ties
The New York Times – Business:As costs rise, many older Americans have changed the way they shop and eat out. For some, it could affect their health or leave them feeling isolated.