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Rising Food Prices Send More Shoppers to Aldi
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How fast are prices rising in the UK?
The rate at which prices are rising has dropped from record highs, but remains above the 2% target.BBC News - Top stories -
Silver lining for consumers: Food price growth has gone flat and other prices are falling
Price growth in many key consumer categories has slowed considerably or ceased altogether — but that has done little to dent consumer worries as the costs of housing and other services have continued to climb.NBC News - Top stories -
Producer Prices Rose More Than Expected in April
Producer Prices Rose More Than Expected in AprilThe Wall Street Journal - World -
How Rising Gas Prices Complicate the Fed's Inflation Strategy
Gas prices are rising faster than usual this year. WSJ’s David Uberti breaks down what’s behind the rise and how it interferes with the Federal Reserve’s goal of bringing down inflation.The Wall Street Journal - World -
Wholesale prices rose 0.5% in April, more than expected
The producer price index was expected to increase 0.3% in April, according to the Dow Jones consensus estimate.CNBC - Business -
Cream cheese recalled over salmonella concerns sold at Aldi, Hy-Vee
Various cream cheese products have been voluntarily recalled by Schreiber Foods and Aldi, as well as Hy-Vee, sold across multiple states.ABC News - Top stories -
Credit card delinquencies rise as more Gen Z cardholders are maxed out, New York Fed research shows
While credit card balances edged down in the first quarter, more borrowers still fell behind on their card payments, the Federal Reserve Bank of New York found.CNBC - Business - New York -
A second wave of EV shoppers is on its way, but current demand is still a problem
Cox Automotive sees a “second, significant wave” of EV shoppers by the second half of the decade, but that’s cold comfort for now.MarketWatch - Business
More from The Wall Street Journal
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U.S. Dollar Falls as Market Awaits CPI Data
The big issue for the U.S. inflation outlook is if producers manage to pass rising costs on to consumers, Brown Brothers Harriman said ahead of the April CPI data release.The Wall Street Journal - World -
YouTube Says It Will Block Protest Song in Hong Kong
The move came in response to a court order to ban the distribution of ‘Glory to Hong Kong,’ adding to fears of declining free speech as the authorities carry out a campaign against dissent.The Wall Street Journal - World - Hong Kong -
Hapag-Lloyd Lifts Lower-End of Guidance as Red Sea Situation Raises Rates
Hapag-Lloyd lifted the bottom-end of its full-year guidance range as the current situation in the Red Sea has tightened industry capacity, helping stabilize freight rates.The Wall Street Journal - World -
Sticky Inflation Makes Any Fed Rate Cut a Tough Balancing Act
Sticky U.S. inflation data suggests that any interest-rate cut by the Fed would be a tough balancing act, KBC Economics said, adding that a 4.37% level might prove strong support for the 10-year Treasury yield.The Wall Street Journal - World - Federal Reserve -
Burberry Profit Falls as Soft Demand, Turnaround Bite
Burberry posted a decline in profit for fiscal 2024 as it kept struggling to revitalize its business through a turnaround plan against a backdrop of slowing luxury demand.The Wall Street Journal - World