Author: News Room

Although the rate of food inflation has retreated substantially during the last year, polls and surveys consistently report that consumers, most of whom are still struggling with the unaffordable cost of housing, believe it remains high. This economic mismatch between perception and reality—along with pressure from Washington about things like smaller product sizes (aka, shrink-flation)—has triggered an extraordinary grocery price war that goes beyond the usual seasonal promotions into the realm of industry game-changer. You cannot discuss the grocery business without starting with Walmart—the company now owns nearly a quarter of the entire US annual grocery spend, according to data…

Walmart made waves earlier this year when it announced it was upping pay for store managers, with some potentially able to earn up to $530,000.”I almost fainted when I found out,” said Greg Harden, a Supercenter manager in Texas told Bloomberg.Harden currently manages over 400 workers and more than $100 million in sales at his store in Grand Prairie, Texas, one of the largest in the Dallas area, according to the report. Under the new plan, Walmart says the average base salary for US store managers is now $128,000, up from $117,000, while the top-paid Supercenter managers will see a…

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I’ve worked at Costco for 18 years, so I have a few favorite high-quality items I like to get there.In my opinion, the Kirkland Signature eyeglasses are comparable to those of designer brands.The Kirkland Signature hard seltzers are tasty and perfect to bring to parties or tailgates. I’ve worked at Costco for 18 years and love picking up high-quality products for my family. Oftentimes, I buy items from Costco’s house brand, Kirkland Signature, which makes over 350 products, from food items to home essentials.I find that buying products from the Kirkland Signature brand, which made up about a quarter of…

LONDON (Reuters) – The British public’s expectations for inflation over the next year fell to 3.1% in May, the lowest level since July 2021, a monthly Citi/YouGov survey said on Friday. Expectations for inflation five to 10 years ahead fell sharply to 3.2% from 3.5%, the joint lowest level since March 2021, the survey found. Citi said the readings would encourage the Bank of England’s Monetary Policy Committee, which is assessing how much inflationary pressure remains in the economy, as it considers when to cut interest rates for the first time since 2020. “For the MPC, this should provide further…

(Reuters) – Georgian Prime Minister Irakly Kobakhidze called on Friday for a review of relations with the United States after Washington ordered punitive measures over the passage of a law on “foreign agents”, Russian news agencies reported. “Georgian-American relations must truly be reviewed. We’ll discuss this with the ambassador,” RIA news agency quoted Kobakhidze as telling journalists in Tbilisi. The prime minister said relations with Washington had suffered under the previous U.S. ambassador over the diplomat’s call for rapid and sharp changes in policy. Georgia’s parliament, controlled by the prime minister’s Georgian Dream party, passed the law requiring organisations receiving…

Despite the initial enthusiasm surrounding Bitcoin ETFs, financial advisors appear to be taking a cautious approach, according to analysts. The launch of these regulated funds was largely driven by the need to provide a safe investment avenue for wealthy clients interested in Bitcoin. However, six months after launch, the expected popularity among advisors for these funds has yet to materialize. Many advisors remain skeptical of Bitcoin now, as they were before the launch of ETFs. However, this does not mean that ETFs have failed. On the contrary, Bitcoin ETFs have been lauded as some of the most successful ETF launches…

Many Americans are likely familiar with financial thresholds that are adjusted for inflation each year.They include contribution limits to 401(k) plans, cost-of-living adjustments for Social Security benefits and federal income tax brackets, to name a few.These tweaks help households keep pace with the rising cost of living.For example, without adjustments, more households would generally creep into higher tax brackets over time and the buying power of Social Security beneficiaries would fall.But some thresholds, like the federal minimum wage, aren’t inflation-adjusted.What is and isn’t inflation-indexed largely depends on lawmakers’ whims when they drafted respective legislation, said Bill Hoagland, senior vice president…

The Texas Supreme Court said a medical exemption in the state’s abortion ban applies only when a person is at risk of death or serious physical impairment, ruling Friday against women who sued the state with claims that the ban had put their health at risk. The state’s highest court, which is made up entirely of Republicans, reversed a lower court’s order that broadened the exception to circumstances in which a pregnancy is “unsafe” for the pregnant person or when there is a fetal condition making it unlikely the fetus will survive. “Because the trial court’s order opens the door…

Colorado manager Bud Black recently likened outfielder Charlie Blackmon to a Renaissance man in some respects because of his broad range of interests. If the cleat fits … Blackmon, a Dean’s list college student who holds a degree in business administration with a focus on finance, has spent time recently studying habitat management to better understand and maintain a piece of recreational property he owns. But this is baseball season, and Blackmon made it clear during a week in which he made more franchise history that he is singularly focused on the Rockies after signing a $13 million contract in…