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China Is Buying Gold, Sending Prices to Record Highs
Posted inBank of China China Commodities Consumer Behavior Economic Conditions and Trends Gold People's Bank of China Prices (Fares, Fees and Rates)

China Is Buying Gold, Sending Prices to Record Highs

The global price of gold has reached its highest levels as Chinese investors and consumers, wary of real estate and stocks, buy the metal at a record pace.
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Posted by By Daisuke Wakabayashi and Claire Fu
Same-Store Sales at Starbucks Drop, Pushing Revenue Down 1.8%
Posted inCoffee Coffeehouses Company Reports Consumer Behavior Starbucks Corporation

Same-Store Sales at Starbucks Drop, Pushing Revenue Down 1.8%

After the chain’s quarterly earnings missed Wall Street’s estimates, its shares fell more than 12 percent in after-hours trading.
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Posted by By Julie Creswell
With Inflation This High, Nobody Knows What a Dollar Is Worth
Posted inConsumer Behavior Content Type: Service Diamond, Peter A Elections Fisher, Irving (1867-1947) Income Inequality Inflation (Economics) Interest Rates Keynes, John Maynard Personal Finances United States Economy Wages and Salaries

With Inflation This High, Nobody Knows What a Dollar Is Worth

Strong reactions to rising prices and misunderstandings about the value of money are rampant, our columnist says.
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Posted by By Jeff Sommer
U.S. Economy Grew at 1.6% Rate in First-Quarter Slowdown
Posted inCommerce Department Consumer Behavior Federal Reserve System Gross Domestic Product Interest Rates Prices (Fares, Fees and Rates) United States United States Economy

U.S. Economy Grew at 1.6% Rate in First-Quarter Slowdown

Gross domestic product, adjusted for inflation, increased at a 1.6 percent annual rate in the first three months of the year.
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Posted by By Ben Casselman

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