U.S. consumers are struggling with rising costs — and many are heading to Walmart. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The big-box retailer reported Thursday that its revenue rose 7.3% to $177.8 billion in the first quarter, and same-store U.S. sales grew 4.1%, thanks in part … Read more
Trump’s China trip underway as Americans grapple with higher costs – CBS News Watch CBS News President Trump arrived in Beijing on Wednesday for a summit with Chinese President Xi Jinping. Mr. Trump’s trip comes as Americans face higher costs for gas, food and more. CBS News’ Anna Coren and Samantha Vinograd report. Source link
NEW YORK — Costs are piling up for businesses during the U.S. and Israel’s war against Iran — and many economists see a bleak outlook, with some bracing for a downturn in hiring and investment in the coming months. Nearly half of American business economists who responded to a survey by the National Association for … Read more
President Trump has made cutting drug prices a centerpiece of his second term. He’s announced deals with major drug companies and launched TrumpRx, where cash-paying patients could find discounted medicines. But a new analysis finds that the reality is more complicated. CBS News medical correspondent Dr. Céline Gounder has more. Source link
Next time you go to the pharmacy, you might be offered a coupon on your prescription drugs. While it may sound like a great deal — with the prospect of saving hundreds of dollars — the decision to accept it is complicated, especially for people with insurance. Even as prescription drug costs rise, patients with … Read more
NEW YORK — The price of a gallon of regular gasoline in the U.S. climbed 31 cents in the past week, spiking to an average of $4.54 per gallon Wednesday, a price 52% higher than before the war with Iran began, according to AAA data. The main reason drivers are paying more at the pump … Read more
Certain debt relief costs don’t show up in early conversations, meaning that they’re easy to miss if you aren’t careful. Mohamad Faizal Bin Ramli/Getty Images If you’re a borrower who’s struggling to pay off your high-rate debt, you should know that there’s a point in the debt cycle when the usual strategies stop working. The … Read more
With no balance sheet penalty for putting off infrastructure repairs, cities often delay making improvements. Source link
Kathleen Naranjo was almost eight years into paying off her portion of $50,000 in student loans when a federal appeals court last month ended one of the most affordable loan repayment plans in history. That Biden administration-era plan had reduced her monthly payments to $92 and she was working toward the day when the remaining … Read more
Consumers are cutting back on goods with sharp price increases, according to the Bureau of Economic Analysis. From December to February, spending on clothing fell 7%, spending on furniture fell 5% and spending on sports equipment fell 6%. The Wall Street Journal economics reporter Rachel Wolfe writes in her recent piece that recent inflation is … Read more