[ad_1] New York CNN — Investors saw a lot of red in 2022. But a company known for its magenta logo was a stock market darling this year. Shares of T-Mobile (TMUS) rose about 20% in 2022, even as rivals AT&T (T) and Verizon (VZ) tumbled. Ma Bell was down …
Read More »Japan’s consumer inflation hits fresh 40-year high
[ad_1] Japan’s core consumer inflation hit a fresh four-decade high as companies continued to pass on rising costs to households, data showed, a sign price hikes were broadening and could keep the central bank under pressure to whittle down massive stimulus. Months before Tuesday’s surprise tweak to its yield control …
Read More »Retirees hit hard by inflation say they have cut down on meals, entertainment
[ad_1] CNN — At the Senior Friendship Center in Sarasota, Florida, talking about inflation really strikes a chord. At a card table there, CNN met with a group of seniors, all on fixed incomes, who spoke about feeling the squeeze from steep price hikes over the past year. Katherine Janes, …
Read More »Food prices are still surging — here’s what’s getting more expensive
[ad_1] New York CNN Business — Prices at the grocery store continued to soar last month, adding even more pressure to shoppers’ wallets. The food at home index, a proxy for grocery store prices, increased 0.7% in September from the month prior and a stunning 13% over the last year, …
Read More »US Postal Service proposes new prices ‘to offset’ inflation
[ad_1] CNN — The US Postal Service on Friday proposed increased prices “to offset the rise in inflation,” according to a statement from the agency. The price hikes, which have been approved by the Governors of the U.S. Postal Service, include a three-cent increase to purchase a stamp and a …
Read More »Opinion: I retired during the pandemic. Now inflation has me counting pennies
[ad_1] Editor’s Note: This is the first part of the CNN Opinion series, “America’s Future Start Now,” in which people share how their lives have been affected by key issues, many of which are resonating in this fall’s midterm election campaigns. Experts from across the political spectrum will also put …
Read More »IMF chief warns there will be ‘people on the street’ globally unless steps taken to ease inflation
[ad_1] CNN — There will be “people on the street” globally unless steps are taken to protect the most vulnerable from inflation, International Monetary Fund’s (IMF) chief Kristalina Georgieva warned on Wednesday. “It is important to think that this compounded impact of multiple crises is already testing the patience and …
Read More »America’s gas prices rise for the first time in 99 days
[ad_1] New York CNN Business — The historic streak of falling gasoline prices is over. After sinking every day for more than three months, US gas prices edged higher – by a penny – to $3.68 a gallon, on average Wednesday, according to AAA. That ends 98 consecutive days of …
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