Walmart reported another quarter of strong results Thursday as its low prices pull in shoppers scouring for discounts with inflation stubbornly high.
inflation
Posted inBusiness
Inflation improved slightly in April, with timing for rate cuts still uncertain
The Federal Reserve had been getting ready to lower interest rates this year. The past few months complicated those hopes.
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Posted inBusiness, Nation / World, Politics
Inflation is overshadowing U.S. economic resilience, hurting Biden
Most economists say the underlying momentum of the U.S. economy remains strong. But growth and jobs – which have been surprisingly sturdy – have generated little tangible benefit to Biden’s hopes for reelection.
Posted inBusiness, Nation / World, News
Retail sales surge 0.7% in March as Americans seem unfazed by higher prices
The snapshot offers only a partial look at consumer spending and doesn’t include many services, including travel and hotel lodges. But the lone services category – restaurants – registered an uptick of 0.4%.
Posted inBusiness, Nation / World
Powell says Fed wants to see ‘more good inflation readings’ before it can cut rates
The resulting higher borrowing costs helped bring inflation down – from a peak of 9.1% in June 2022 to 3.2% last month.
Posted inBusiness, Nation / World
Not so sweet: Easter shrinkflation hits chocolate aisle as cocoa surges
Even though prices are higher, now may not be a bad time to start stockpiling some treats – especially in the week after Easter when leftover holiday goodies go on sale.
Posted inBusiness, Nation / World, News
Discount grocers smell opportunity amid rising prices
Together, these discount grocers and value retailers are sprinting to meet consumers where they are: hunting for cheaper grocery options.
Posted inBusiness, Nation / World, News
U.S. inflation ticks up again in latest sign that price pressures remain elevated
Despite February’s elevated figures, most economists expect inflation to continue slowly declining this year.
Posted inBusiness, Maine, News
Hannaford, Market Basket, Shaw’s, Walmart: Check out the Press Herald’s comparison shopping
The cost of groceries has skyrocketed in recent years, but the price of food is only one factor attracting patrons to the big players in Maine’s shifting supermarket landscape.
Posted inBusiness
Wall Street rises to recover some of its losses from its worst day in weeks
In stock markets abroad, indexes were mixed with mostly modest moves across Europe and Asia.