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    • Inflation

    The consumer price index is higher than expected. A “nervous” data point?
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    The consumer price index is higher than expected. A “nervous” data point?

    A worker arranges peaches at a fruit stand at Pike Place Market in Seattle, Washington, USA, on Thursday, July 4, 2024. SeongJoon Cho | Bloomberg | Getty Images This report comes from today's CNBC Daily Open, our international markets newsletter….

    Posted on Kathleen William
    Here is the breakdown of inflation for September 2024 – in one chart
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    Here is the breakdown of inflation for September 2024 – in one chart

    David Paul Morris/Bloomberg via Getty Images Inflation fell in September, according to the Consumer Price Index, as lower gasoline prices combined with other easing price pressures in areas such as housing eased the strain on consumers' wallets. According to the…

    Posted on Kathleen William
    McDonald's, the largest French fry maker, is laying off hundreds because of the fast food downturn
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    McDonald's, the largest French fry maker, is laying off hundreds because of the fast food downturn

    It turns out that fast food eaters don't like fries with them. As more customers lose their appetite for fast food due to sky-high prices, North America's largest french fry producer is suffering from the economic slowdown. Lamb Weston, which…

    Posted on Kathleen William
    McDonald's french fry supplier is suddenly closing its factory and cutting jobs at an alarming rate
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    McDonald's french fry supplier is suddenly closing its factory and cutting jobs at an alarming rate

    A major McDonald's french fry supplier cut jobs and abruptly closed a factory because cash-strapped fast-food customers cut down on their meals or skipped the side dish altogether because of the inflated prices. To combat declining sales, the fast-food giant…

    Posted on Kathleen William
    Social Security's 2025 COLA increase is expected to disappoint seniors
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    Social Security's 2025 COLA increase is expected to disappoint seniors

    Retirees will likely get bad news on Thursday when the government announces the 2025 Social Security Cost of Living Adjustment (COLA). Analysts have predicted a far lower COLA next year than in recent years, and retirees could face less financial…

    Posted on Kathleen William
    Social Security will announce the 2025 COLA within a few days. Here's what to expect.
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    Social Security will announce the 2025 COLA within a few days. Here's what to expect.

    The roughly 70 million people receiving Social Security payments will soon learn how much they will receive in their 2025 benefit checks, with the program's annual cost of living adjustment (COLA) to be announced in a few days. Each fall,…

    Posted on Kathleen William
    Longshoremen at ports from Maine to Texas are on strike, and a standoff poses the risk of new shortages
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    Longshoremen at ports from Maine to Texas are on strike, and a standoff poses the risk of new shortages

    Longshoremen at dozens of ports along the East and Gulf Coasts took to the picket lines after midnight Tuesday as they launched a massive strike that threatens to re-inflame inflation and trigger product shortages as the holiday season begins. The…

    Posted on Kathleen William
    Strikes at East and Gulf Coast ports could upend the economy and the holidays
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    Strikes at East and Gulf Coast ports could upend the economy and the holidays

    Consumers face higher prices and reduced supply if dock workers go on strike If about 45,000 union workers strike at 36 ports from Boston to Houston, consumers will feel the impact. Longshoremen at ports from Maine to Texas are officially…

    Posted on Kathleen William
    A possible port strike could be a game-changer for small businesses
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    A possible port strike could be a game-changer for small businesses

    Consumers face higher prices and reduced supply if dock workers go on strike If about 45,000 union workers strike at 36 ports from Boston to Houston, consumers will feel the impact. Time is running out to prevent a strike at…

    Posted on Kathleen William
    Powell hints at further, smaller rate cuts, insists Fed 'not following a predetermined course'
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    Powell hints at further, smaller rate cuts, insists Fed 'not following a predetermined course'

    Federal Reserve Chairman Jerome Powell said Monday that the recent half-percentage-point interest rate cut should not be interpreted as a sign that future moves would be equally aggressive, but rather that next moves would be smaller. The central bank chief…

    Posted on Kathleen William

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