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Bad news, chocolate lovers: Cocoa prices have risen faster than bitcoin: It's been a wild historic ride: The price of cocoa topped the all-time record before ...
npr.org/2024/03/29/1240947073/cocoa-price-chocolate-kitkat-hershey
Quick Glance: Bittersweet Easter for Chocolate Lovers and African Cocoa Farmers
- Changing climate negatively impacts global cocoa supply and West African cocoa farmers’ earnings.
- Cocoa exports from Ivory Coast down by a third lead to a sharp rise in cocoa prices globally.
- Major chocolate manufacturers increase chocolate prices to boost profits while consumers pay more.
- Smaller chocolate businesses struggle with rising cocoa prices and declining sales as efforts to boost cocoa production are implemented.
Climate change driving up inflation in food prices: Study: Rising global temperatures are associated with inflation in food prices, both in regions that are ...
thehill.com/policy/energy-environment/4554700-climate-change-driving-up-inflation-in-food-prices-study/
Landlord with 4 properties fires back at trolls: An Australian landlord who went viral after complaining she felt “demonised” by renters has doubled down on her ...
news.com.au/finance/money/wealth/everyone-has-jumped-on-landlord-hits-back-at-online-trolls/news-story/ffc001c66df0207e841e6ab3ec933066
UK inflation falls to 3.4% - BBC News: The latest figures are due to be published at 07:00 by the Office for National Statistics.
bbc.co.uk/news/live/business-68581526
Quick Glance: UK Inflation Rate Drops to 3.4% - Lowest Level in Almost Two and a Half Years - BBC News
- The UK inflation rate fell to 3.4% for the year to February - the lowest level in almost two and a half years.
- Economists predict that inflation is likely to hit the Bank of England's target of 2% this summer.
- Cost of living is increasing while wage growth is outpacing inflation.
- Housing costs are rising faster, putting pressure on renters and homeowners.
Japan Set to Decide on Ending the World’s Last Negative Rates
bloomberg.com/news/live-blog/2024-03-19/bank-of-japan-monetary-policy-decision
Quick Glance: Fate of BOJ's Stimulus Tools Revealed
- The Bank of Japan ended eight years of negative interest rates and other unorthodox measures to boost growth. Details on changes to the stimulating tools were disclosed.
- The negative interest rate policy was lifted, and the bank now pays a 0.1% interest rate on excess reserves to withdraw money from the economy.
- Yield curve control was dismantled, but the bank will continue to buy bonds and intervene with larger purchases if bond yields rise rapidly.
- The purchase of risky assets like ETFs and REITs was discontinued, and the commitment to maintain massive stimulus was withdrawn to reassure the market.
Which fast-food chains are raising prices in California to pay wages?: Fast-food chains are or planning to hike the cost of menu items because they're required ...
latimes.com/california/story/2024-03-28/fast-food-workers-minimum-wage-is-going-up-which-chains-will-up-their-prices
Quick Glance: California Fast-Food Chains Adjusting Prices Due to Wage Increase
- Fast-food chains are raising prices in response to the new $20 per hour minimum wage for employees in California.
- Major chains like Chipotle are considering passing the cost increases on to consumers.
- McDonald's, Starbucks, and Jack in the Box are also planning price increases or modifications.
- Pizza Hut operators in California have discontinued in-house delivery and are now relying on third-party apps.
US economic growth for last quarter is revised up slightly to a healthy 3.4% annual rate
apnews.com/article/economy-growth-inflation-gdp-consumers-spending-rates-f7a7def8b17cff965a02c6d531582c49
Applications for U.S. unemployment benefits dip to 210,000, another sign the job market is strong
apnews.com/article/unemployment-claims-benefits-layoffs-jobs-economy-e57c4a244554722ef4b5707156c096dd
Quick Glance: RBA's Stance on Interest Rates Amid Rising Unemployment Risks
- The Reserve Bank considers both interest rate cuts and rises as unemployment risks increase.
- Contrary to expectations, the US Federal Reserve is not likely to cut rates, shifting focus to Australian rate cuts.
- Economic performance and job data are crucial factors influencing future monetary policy decisions.
- Investors and policymakers are adjusting strategies in anticipation of potential rate cuts and economic slowdown.
3 ways to save money for people on a fixed income: These tips might help you make the most of your fixed budget well into your golden years
ajc.com/things-to-do/aging-in-atlanta/3-ways-to-save-money-for-people-on-a-fixed-income/HGGEHJ4PHZD33CMT3PGEZTEVQA/
Prince William visits families and organisations in Sheffield homelessness project
bbc.com/news/av/uk-68611274
Campaign looks to connect Latinos with Climate Action Plan funds: A new campaign is underway to help Hispanics in battleground states access federal climate ...
thehill.com/latino/4546933-campaign-latinos-climate-action-plan/
Nsave gets $4M to enable people from unstable economies open offshore accounts: Nsave, a fintech based in Geneva making banking in Switzerland accessible to ...
techcrunch.com/2024/03/22/nsave-gets-4m-seed-funding/
Florida homeless to be banned from sleeping in public spaces under DeSantis-backed law
apnews.com/article/homeless-florida-desantis-public-spaces-ban-f28a77bf5e445a5c26741cc9400fe40f
Quick Glance: New Law Prohibits Homeless Individuals from Sleeping in Public Places
- Florida Governor Ron DeSantis has signed a controversial bill aimed at prohibiting homeless individuals from sleeping in public places.
- Commencing on October 1, the law will forbid cities and counties from permitting individuals to sleep on public property unless specific criteria established by the Florida Department of Children and Families are met.
- An annual report from the Florida Council on Homelessness revealed a 9% increase in homelessness rates in Florida over the past five years.
- Critics of the legislation argue that it places local governments in a position where they may end up criminalizing homelessness instead of offering clear solutions to assist those in need.
Gas and district heating more expensive from April 1st - that's how much prices are rising
focus.de/finanzen/news/hohe-mehrbelastung-gas-und-fernwaerme-ab-1-april-teurer-so-stark-steigen-die-preise_id_259808110.html
Higher olive oil prices due to shortage - Foodstuffs: Supermarket giant Foodstuffs is warning of a olive oil shortage and in turn higher prices at the checkout.
rnz.co.nz/news/country/512615/higher-olive-oil-prices-due-to-shortage-foodstuffs
Toyota confirms UK pricing for new GR Yaris: £10k price rise for Toyota's hot hatch hero - and the special editions are £60k...
pistonheads.com/news/ph-japanesecars/toyota-confirms-uk-pricing-for-new-gr-yaris/48353
‘Distinction the new credit’: Grade inflation puts uni integrity at risk: An investigation into grade inflation by Sydney University found a 234 per cent ...
smh.com.au/national/nsw/distinction-the-new-credit-grade-inflation-puts-uni-integrity-at-risk-20240321-p5fe7i.html
Ready for spring break travel? L.A. County gas prices top $5 a gallon: Higher crude oil prices and increased demand for fuel from spring break road trips have ...
latimes.com/california/story/2024-03-24/gas-prices-in-la-over-5-a-gallon
Quick Glance: Rising Gas Prices in California during Spring Break
- The surge in crude oil prices and the increased demand for fuel due to spring break have led to rising gas prices in California.
- Drivers in Los Angeles County are even experiencing higher prices, averaging $5.035.
- Moreover, California is set to transition to its summer gas blend, potentially costing 15 cents more per gallon than the current winter blend, as mentioned by Shupe.
- The national average for a gallon of gas stands at $3.533, as reported by AAA.
Annual inflation rose to 3.2 percent in February, hotter than expected: Consumer prices rose at faster monthly and annual rates in February, according to ...
thehill.com/business/4525863-annual-inflation-rose-to-3-2-percent-in-february/
Quick Glance: Inflation Decline and Consumer Impact
- Inflation in Germany continues to decline, primarily due to cheaper energy prices. Experts predict a further decrease in the year ahead, but with potential challenges. Higher inflation rates diminish consumer purchasing power.
- In February, energy and fuels decreased in price, while food prices increased. Services also became more expensive. Consumer prices rose by 0.4 percent compared to the previous month.
- The German government forecasts rising consumer prices and wage increases above the inflation rate. The expectation is that employees will spend the money and boost private consumption. However, the Bundesbank President warns against premature interest rate cuts.
- Despite the decline in inflation, the Bundesbank cautions against premature interest rate cuts. The European Central Bank aims for price stability in the medium term. Higher interest rates can curb demand but also burden the economy.
Biden and Trump ask voters if they're 'better off' than they were 4 years ago. It's complicated
apnews.com/article/biden-trump-voters-pandemic-era-economy-inflation-597f4f2f2b2e32d8933802e37ef66913
Quick Glance: Biden Contrasts Himself with Trump Through 'Are You Better Off Today' Question
- President Joe Biden used the 'are you better off today than you were four years ago' question as a new line of attack against former President Donald Trump, reminding voters of the challenges during Trump's term.
- Biden also criticized Trump for his 'bloodbath' comment, emphasizing the need to reject political violence. He redirected the narrative by focusing on the 'better off' theme and highlighted the early days of the COVID-19 pandemic in the U.S.
- Furthermore, Biden underscored the progress made since Trump's presidency, including COVID-19 control, the return of 15 million jobs, and stock market recovery. Biden's campaign sees a resurgence of interest in a Biden-Trump rematch among voters.
- The article also mentions Biden's comments on U.S. Sen. Ted Cruz and his support for Rep. Colin Allred, positioning Cruz as an ally of Trump. Biden conveyed the message that the focus should be on Trump's intentions and actions, rather than on himself.
Scots urged to check for TV licence fee reduction ahead of first price rise in three years
news.stv.tv/scotland/scots-urged-to-check-for-tv-licence-fee-reduction-ahead-of-first-price-rise-in-three-years
Economic institutes lower growth forecast to 0.1 percent: The leading economic institutes in Germany have drastically revised their forecast downwards ...
tagesschau.de/wirtschaft/fruehjahrsprognose-institute-100.html
Federal Reserve expected to cut rates, lift Biden's prospects: The U.S. Federal Reserve looks on track to cut interest rates as the presidential campaign season ...
reuters.com/markets/us/federal-reserve-expected-cut-rates-lift-bidens-prospects-2024-03-25/
Dow, S&P fall for third straight session with inflation data eyed: U.S. stocks slipped on Tuesday, giving up modest gains late in the session to send the Dow and ...
reuters.com/business/futures-rise-megacap-chip-stocks-bounce-2024-03-26/
Weak demand: Residential property prices are falling more sharply than they have been since 2000
faz.net/aktuell/finanzen/preise-fuer-wohnimmobilien-sinken-im-rekordtempo-staerkster-rueckgang-seit-2000-19604413.html
Oil's Red Sea problem is getting harder to ignore: Oil shipments and prices are being disrupted by turmoil on the high seas.
axios.com/2024/03/26/crude-oil-markets-red-sea
The stock market has skyrocketed to start 2024. Will it continue?: The S&P 500 has climbed 10% this year.
abcnews.go.com/Business/stock-market-skyrocketed-start-2024-continue/story
Council of Europe complains about poverty and housing shortage in Germany: According to the Council of Europe, social inequality is growing in Germany: a report ...
tagesschau.de/inland/europarat-armut-deutschland-100.html
Australia to recommend minimum wage rise in line with inflation: Australia's government will support a minimum wage increase in line with inflation this year as ...
reut.rs/3VxUw2W
Poverty situation in Germany remains mixed: 2022 was the year of rapid inflation. However, according to the poverty report by the Paritätischer Gesamtverband ...
tagesschau.de/inland/gesellschaft/armut-inflation-100.html
As Inflation Skyrockets, Argentines Rely on Time-Tested Strategies: Between December and February, Argentina’s accumulated inflation topped 70% ...
globalpressjournal.com/americas/argentina/inflation-skyrockets-argentines-rely-time-tested-strategies/
How a Trump presidency could threaten Biden’s signature climate achievement: Democrats’ sweeping Inflation Reduction Act (IRA) has fueled significant progress in ...
thehill.com/policy/energy-environment/4543117-trump-biden-inflation-reduction-act-hamper-climate-gains/
Stock market today: Indexes slip again ahead of inflation data: Stocks logged another losing session on Tuesday, after closing lower in the prior two sessions ...
markets.businessinsider.com/news/stocks/stock-news-today-rally-fed-comments-pce-inflation-data-powell-2024-3
UK interest rates: Bank boss says cuts 'on the way': The Bank of England has kept the cost of borrowing at 5.25% for the fifth time in a row.
bbc.com/news/business-68618436
Gold hits fifth record high in March on Fed rate-cut view: Gold prices on Thursday hit record highs for the fifth time this month after the U.S ...
reuters.com/markets/commodities/gold-sprints-record-high-fed-sticks-2024-rate-cut-view-2024-03-21/
Dollar weakens after Fed meeting, yen strengthens: The dollar weakened and the yen rebounded from near multi-decade lows on Wednesday after the Federal Reserve ...
reuters.com/markets/currencies/yen-flounders-near-four-month-low-fed-spotlight-2024-03-20/
New figures: Inflation at lowest level for years - also in Berlin: Thanks to cheaper energy, the inflation rate in Germany fell in March to its lowest level ...
berliner-zeitung.de/news/inflation-auf-tiefstem-stand-seit-2021-auch-in-berlin-li.2195624
Prince William to visit homelessness project: The Prince of Wales will be in Sheffield for the next phase of his project to improve access to housing.
bbc.com/news/uk-68601344
Quick Glance: British Royal Family Left with Only 9 Working Members
- Kate Middleton and King Charles have announced cancer treatments and temporarily stepped back from royal duties.
- The royal family now consists mainly of older members who are taking on responsibilities.
- Prince William is supporting his wife and taking on duties while King Charles and others are absent.
- The royal family is in a vulnerable position, relying on few working members who are mostly in their 70s and 80s.
Rentals costing landlords up to $450 a week in top-ups: The five things you need to know about the housing market this week.
oneroof.co.nz/news/rentals-costing-landlords-up-to-450-a-week-in-top-ups-45221
Switzerland becomes first major economy to cut interest rates in surprise move: The Swiss National Bank surprised the market with a decision to lower its main ...
cnbc.com/2024/03/21/switzerland-becomes-first-major-economy-to-cut-interest-rates-in-surprise-move.html
Quick Glance: Swiss National Bank Surprises with Rate Cut
- The Swiss National Bank cut its main interest rate by 25 basis points to 1.50%, becoming the first major central bank to ease tighter monetary policy aimed at tackling inflation.
- The franc dropped following the decision, boosting the euro to its highest level against the Swiss currency since mid-July last year, with Swiss government bond yields also falling.
- Experts like Karsten Junius and Alexander Koch highlighted the significance of the rate cut due to low inflation rates and the strong franc, with expectations for more rate cuts.
- The decision was widely perceived as a surprise, leading to speculation about further rate cuts in June and September, as inflation forecasts were substantially revised downwards.
Wall Street hits record closing highs on rate-cut optimism; chipmakers rally: Wall Street's three major stock indexes on Thursday registered record closing highs ...
reuters.com/markets/us/futures-gain-fed-sticks-rate-cut-projections-micron-rally-lifts-chipmakers-2024-03-21/
These viral $2.99 Trader Joe’s tote bags are being resold for as much as $500 on eBay
richmond.com/news/nation-world/business/trader-joes-mini-totes-tiktok-resale/article_df90e822-980a-5b47-98b9-0428e82e8d59.html
Germany's economy: Institutes drastically lower growth forecast: Germany's leading economic institutes have reduced their growth expectations for the current ...
stern.de/wirtschaft/news/deutschlands-wirtschaft--institute-senken-wachstumsprognose-drastisch-34580142.html
Reviews on the Internet: There is also inflation in stars: Online reviews have been getting better and better for years. This means they lose value for users ...
sueddeutsche.de/wirtschaft/bewertung-sterne-online-shopping-1.6497574
Yen hits 34-yr low ahead of key US inflation data: The yen dropped to its lowest level since 1990 on Wednesday before rebounding slightly after Japan's top ...
reuters.com/markets/currencies/dollar-steadies-yen-teeters-ahead-key-us-inflation-data-2024-03-27/
Australia survives sold out Taylor Swift shows without spike in inflation: Australia survived sold out Taylor Swift concerts in Sydney and Melbourne without a ...
reuters.com/world/asia-pacific/australia-inflation-holds-two-year-low-34-feb-2024-03-27/
The Bank of Japan ends its negative interest rate policy, opting for its first hike in 17 years
apnews.com/article/japan-economy-interest-rate-boj-b650a9b8a517bcf3a31c32ffdcf651c9
Biden starts making his affordable housing pitch on the trail: A trip to Nevada will be centered around increasing housing supply.
politico.com/news/2024/03/19/biden-campaign-affordable-housing-nevada-00147691
Your 401(k) has 'room to run.' And it's not all about Fed rate cuts.: The Fed's plans to cut interest rates seems to be driving up stocks and your 401(k) ...
usatoday.com/story/money/2024/03/24/fed-rate-cuts-stocks-economy/73074366007/
‘Strike Madness’ Hits Germany While Its Economy Stumbles: A wave of strikes by German workers, feeling the sting of inflation and stagnant growth ...
nytimes.com/2024/03/22/world/europe/germany-strikes-economy.html
Why Japan’s economy remains a warning to others: Low real rates, low growth and high debts are not going away
economist.com/leaders/2024/03/19/why-japans-economy-remains-a-warning-to-others
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Why America can’t escape inflation worries: The Federal Reserve sticks to its plans, despite an uncertain situation
economist.com/finance-and-economics/2024/03/20/why-america-cant-escape-inflation-worries
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Bakery charges higher prices on Sundays and public holidays - "For being open": To compensate for the wage increase: a Dresden master baker raises the prices of ...
schwaebische-post.de/welt/verbraucher/aenderung-baeckerei-presierhoehung-sonntage-feiertage-brot-semmeln-preise-zr-92909735.html
Central Bank: Pay for Irish workers to outpace inflation: Workers' spending power in the republic is likely to go up over the next three years up until 2026.
bbc.com/news/articles/cv2yn74dz4ro
Lowest inflation rate in almost three years: Energy and food cheaper than they have been for a long time
hna.de/leben/geld/niedrigster-inflationswert-drei-jahren-energie-billiger-lebensmittel-geld-kaufkraft-inflation-zr-92886544.html
Singapore Feb core inflation accelerates to 7-month high amid Lunar New Year: Singapore's February core inflation accelerated to its fastest pace in seven months ...
reuters.com/world/asia-pacific/singapore-february-core-inflation-rises-36-yy-2024-03-25/
Fact check: Trump won’t stop inflating inflation numbers: Americans have experienced significant price increases during the tenure of President Joe Biden – but ...
cnn.com/2024/03/19/politics/fact-check-donald-trump-inflation/
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Burrito price hike in San Francisco restaurant aims to break even with inflation: A Mexican restaurant in San Francisco’s Mission District, La Vaca Birria is ...
nbcbayarea.com/news/local/san-francisco/22-dollar-burrito-la-vaca-birria-san-francisco/3479820
Florida Gov. DeSantis signs bill banning homeless from camping in public spaces: Critics have said the Florida legislation unfairly targets a vulnerable ...
usatoday.com/story/news/nation/2024/03/21/florida-camping-ban-homeless-public-spaces/73048034007/
Why Costco’s hot dog is still $1.50 when everything has gotten so expensive: Inflation has touched nearly everything these last few years — even Trader Joe’s ...
cnn.com/2024/03/27/economy/costco-hot-dog-inflation/
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California voters approve measure requiring counties to address homelessness crisis
thehill.com/homenews/state-watch/4546832-california-voters-approve-measure-requiring-counties-to-address-homelessness-crisis/
Quick Glance: California Voters Approve Measure to Combat Homelessness
- California voters have approved measures that mandate counties to allocate funds for housing and drug rehabilitation programs to address the homelessness crisis.
- Governor Gavin Newsom, a Democrat, successfully advocated for the measure, which represents an update to the state's health system and required significant financial backing.
- The measure gives the state more control over a voter-approved tax enacted in 2004 for mental health services and obligates counties to spend about two-thirds of the funds on housing and programs for homeless individuals with severe mental illnesses or substance abuse issues.
- Opponents argued that the change jeopardizes programs not solely focused on housing or drug rehabilitation, but on preventing individuals from becoming homeless in the first place.
Report on poverty and housing shortage: Germany responds to clear criticism from the Council of Europe
n-tv.de/politik/Deutschland-reagiert-auf-deutliche-Kritik-vom-Europarat-article24817536.html
Japan raises interest rates for first time in 17 years: The central bank had previously cut the rate below zero to try and stimulate Japan's stagnating economy.
bbc.com/news/business-68594141
Chicago Voters Reject Real Estate Tax Change to Fund Homeless Programs: The referendum, backed by progressives but criticized by the real estate industry ...
nytimes.com/2024/03/22/us/chicago-real-estate-tax-vote.html
Argentina's child poverty rate on track to hit 70%, UNICEF warns: Argentina's child poverty rate could hit 70% in the first quarter of the year unless there is a ...
reuters.com/world/americas/argentinas-child-poverty-rate-track-hit-70-unicef-warns-2024-03-12/
How much single NYCers must make to live comfortably compared to rest of US: New York City recently took the top spot out of 25 major US cities as the most ...
nypost.com/2024/03/22/lifestyle/nycers-need-to-make-this-much-in-order-to-live-comfortably-compared-rest-of-the-us/
Japan ends the world’s greatest monetary-policy experiment: For the first time in 17 years, officials raise interest rates
economist.com/finance-and-economics/2024/03/19/japan-ends-the-worlds-greatest-monetary-policy-experiment
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Luxury hotels are having a glorious moment: Rich travellers mean rich returns for investors
economist.com/business/2024/03/21/luxury-hotels-are-having-a-glorious-moment
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Money blog: Eight major price rises next Monday - but it's not all bad news: National Price Hike Day is on Monday, with water bills, broadband ...
news.sky.com/story/money-latest-mortgage-rates-house-prices-blog-sky-news-live-13040934
Turkey raises interest rates to 50% as it seeks to cool runaway inflation: Big increase by central bank ahead of local elections takes investors by surprise
ft.com/content/70ad468f-1fc7-4cdb-9920-14ff64f3c609
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Easter egg prices hikes are just the start as cocoa soars: Wholesale beans in New York jumped more than 47%
gulfnews.com/business/retail/easter-egg-prices-hikes-are-just-the-start-as-cocoa-soars-1.101812000
The conservative case for keeping the Inflation Reduction Act: The IRA adopted a market approach for the most part, relying on a series of tax credits along with ...
thehill.com/opinion/energy-environment/4538435-the-conservative-case-for-keeping-the-inflation-reduction-act/
Oil broadly steady after surprise US crude stock drop: Oil prices were broadly steady on Thursday, as a surprise U.S. crude stock drop and the U.S ...
reuters.com/business/energy/oil-rebounds-us-crude-gasoline-stockpile-drops-provide-some-support-2024-03-21/
What Soft Landing? | by Michael R. Strain - Project Syndicate: Michael R. Strain warns that the US economy could still crash, given negative consumer sentiment ...
project-syndicate.org/commentary/us-economy-soft-landing-not-guaranteed-by-michael-r-strain-2024-03
Industrial sales in Thuringia have fallen significantly: The companies' sales totaled around 2.9 billion euros in January. (symbolic image)
thueringer-allgemeine.de/wirtschaft/article241913912/Industrieumsatz-in-Thueringen-deutlich-gesunken.html
Why investors are dumping the capital markets for real estate: Assets that were previously highly preferred by investors have grown less popular.
nation.africa/kenya/business/why-investors-are-dumping-the-capital-markets-for-real-estate-4570598
Food prices could increase further due to climate change's effect on inflation around the world: Study
abcnews.go.com/International/food-prices-increase-due-climate-effect-inflation-study/story
Family Dollar and Dollar Tree will close 1,000 stores: Family Dollar, the struggling discount chain that caters to low-income customers predominantly in cities ...
cnn.com/2024/03/13/investing/family-dollar-dollar-tree-closing-stores/
Quick Glance: Dollar General Closes Briefly as Entire Staff Quits Over Overwork, Lack of Appreciation
- A Dollar General store in Wisconsin was forced to briefly shut down after its entire workforce quit, citing seven-day workweeks and a “lack of appreciation.”
- The store manager and six other employees left, leaving a sign on the door thanking customers and explaining the reasons for their departure.
- Issues of food waste and donation policies were also raised by the former staff, highlighting discrepancies between company policies and actual practices.
- Despite a three-hour closure, Dollar General swiftly addressed staffing issues and reopened the store, emphasizing a commitment to employee well-being and customer service.
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