It’s never been more expensive in the U.S. to fill up the tank and take one last summer trip over the Labor Day weekend. The average price of regular gas was $4.14 a gallon heading into the holiday, nearly a dollar higher than last year and well above the Labor Day weekend record of $3.82
Companies that secretly vary prices based on how much they think individual customers will pay could face federal charges under a proposed policy released Wednesday by the Federal Trade Commission. “When consumers see a listed price, they expect it to be same price that everyone else sees, not the retailer’s estimate of how much they
President Donald Trump says he slipped away from Air Force One after a trip last month in Turkey because the Secret Service and military wanted him on a “different plane” due to a threat he insisted didn’t scare him. Trump downplayed the extraordinary nature of the subterfuge involved in his flight, which saw him stow
Scott Bessent has some good news for consumers this morning: The K-shaped economy is officially over! Consumers on the lower end of the income spectrum are no longer being left behind by their richer counterparts, he insists. The Treasury Secretary said he is “sick of hearing about this K-shaped economy,” during a CNBC interview yesterday,
Apple posted a solid fiscal third quarter on Thursday, climbing past Wall Street’s expectations thanks to strong sales of the iPhone and MacBook computers. Apple raised the prices of its Macs and iPads last month, citing a memory-chip shortage brought on by the artificial intelligence boom. The company had called the demand spike an “unprecedented
Economics has a term for what food prices have done in the United States in recent years: skyrocket. Rockets, because the cost of food consumed at home skyrocketed after the pandemic. Feathers, because once prices rise, they take time to fall. This has been frustrating for Americans hit by the largest increase in food prices