$120
Costco Increasing Membership Fees For First Time In 7 Years
Costco announced on Wednesday that it will be raising its membership fees at the start of September, leading to its first price hike since 2017.
big-ticket items
US consumer confidence retreats slightly; house prices remain elevated
The mixed survey also showed consumers’ perceived likelihood of a recession over the next 12 months retreated this month.
2022
Home Sales Drop For Third Straight Month, Prices Hit Record High
For the third straight month, sales of previously occupied U.S. homes fell in May as increasing mortgage rates and record-high prices discourage many potential homebuyers during what’s typically the housing market’s busiest period of the year.
appliance outlets
US retail sales rise less than expected in May
U.S. retail sales barely rose in May, suggesting that economic activity remained lackluster in the second quarter.
April 1st
Calif. Fast Food Minimum Wage Hike Continues Impacting Positions, Businesses: 10,000 Jobs Lost
As struggling businesses reduce labor expenses and boost prices to counteract wage hikes, fast food restaurants in California have eliminated over 10,000 jobs as a result of the state’s new $20 minimum wage, according to a trade group that reported the findings on Thursday.
Alicia Summers
Wholesale Prices Surge, Sparking Inflation Concerns
The producer price index released today shows a surge in wholesale prices, the highest in a year according to the Bureau of Labor Statistics, sparking concerns about inflationary pressures and broader implications.
Business
A Closer Look At Rising Food Prices
One business says the Biden White House’s out of control spending is making food unaffordable, especially for young people. One America’s Nathaniel Mannor has more.
AARP
Poll: More Than 25% Of Adults Over Age 50 Say They Don’t Expect To Retire
A new poll has revealed that one-quarter of U.S. adults aged 50 years and older who are not yet retired say they don’t expect to ever retire.
area codes
Calif: Fast-Food Prices Increase 7% So Far Due To $20 Minimum Wage Increase — Highest In U.S.
With the massive increase in minimum wage for fast-food workers in California, the Golden State saw their fast-food prices increase at least 7% in a six-month period.
Alicia Summers
Inflation Readings Come in Hotter-Than-Expected
Producer prices came in higher than expected today, so did the consumers prices earlier this week. Producer prices show what producers pay to make goods, which ultimately affects consumers.