At Sugar Hill Creamery, in Harlem, the hand-made ice cream will cost you more these days, because, according to owner Petrushka Bazin Larsen, everything costs her more. “Everything is going up, from dairy, milk and cream, to just our cups,” she told correspondent David Pogue. “Costs me more to get the cups here than it … Read more
The demand for Series I bonds, an inflation-protected and nearly risk-free asset, has skyrocketed as investors seek refuge from soaring prices and stock market volatility. While annual inflation rose by 8.6% in May — the highest rate in more than four decades, according to the US Department of Labor — I bonds are currently paying … Read more
Yes yes you can beat inflation! Shrewd and trendy shoppers are snatching up Chanel bags and purses in hopes of keeping their cash from losing value amidst staggering inflation. “My husband bought me one when he was on a business trip and he spent about $5,500 on it, and the price today for that same … Read more
A Social Security Administration office in San Francisco. Getty Images The clock is ticking when it comes to implementing changes to shore up Social Security’s funds, which will not be able to pay full benefits in 13 years’ time. Potential voters are aware of the program’s woes, according to a June survey by Social Security … Read more
Worried about what your financial situation will look like in a year — or even in a few months — from now? With all the concerns about economic growth, it’s reasonable to be worried about a potential recession. But the key is to start preparing now so that you’re in the best position with your … Read more
President Joe Biden could decide “pretty soon” on a modest relief package to roll back some US tariffs imposed on China in an effort to tamp down inflation, said Clete Willems, who previously served as deputy director at the National Economic Council. “What we are expecting that the president is deciding on is a relatively … Read more
Democrats in Washington have a problem, and not because polls indicate they’ll be swept from power in Congress this November. They acknowledge that rapidly rising inflation combined with a mangled supply chain keeps the economy listless. And yet, the only solutions they seem capable of coming up with are using the Defense Production Act and … Read more
Phonlamaiphoto | Istock | Getty Images Months of stock market volatility, surging inflation and rising interest rates have left many investors wondering if a recession is coming. The stock market tumbled again on Thursday, with the S&P 500 capping its worst six-month start to a year since 1970. In all, it’s down more than 20% … Read more
Phonlamaiphoto | Istock | Getty Images Months of stock market volatility, surging inflation and rising interest rates have left many investors wondering if a recession is coming. The stock market tumbled again on Thursday, with the S&P 500 capping its worst six-month start to a year since 1970. In all, it’s down more than 20% … Read more
When you’re under pressure and feeling stressed, you might feel irresponsible taking time off from work. And there’s plenty of stress to go around, from high inflation and market volatility to global conflicts and talk of a looming recession. Ironically, experts say that’s exactly when it’s most important for you to take a mental health … Read more