For the third straight month, sales of previously occupied U.S. homes fell in May as increasing mortgage rates and record-high prices discourage many potential homebuyers during what’s typically the housing market’s busiest period of the year.
Read More Home Sales Drop For Third Straight Month, Prices Hit Record High
U.S. retail sales barely rose in May, suggesting that economic activity remained lackluster in the second quarter.
Read More US retail sales rise less than expected in May
As struggling businesses reduce labor expenses and boost prices to counteract wage hikes, fast food restaurants in California have eliminated over 10,000 jobs as a result of the state’s new $20 minimum wage, according to a trade group that reported the findings on Thursday.
Read More Calif. Fast Food Minimum Wage Hike Continues Impacting Positions, Businesses: 10,000 Jobs Lost
The producer price index released today shows a surge in wholesale prices, the highest in a year according to the Bureau of Labor Statistics, sparking concerns about inflationary pressures and broader implications.
Read More Wholesale Prices Surge, Sparking Inflation Concerns
One business says the Biden White House’s out of control spending is making food unaffordable, especially for young people. One America’s Nathaniel Mannor has more.
Read More A Closer Look At Rising Food Prices
A new poll has revealed that one-quarter of U.S. adults aged 50 years and older who are not yet retired say they don’t expect to ever retire.
Read More Poll: More Than 25% Of Adults Over Age 50 Say They Don’t Expect To Retire