Simone Del Rosario
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The Fed is set to taper. What the heck does that mean for consumers and inflation?
The word ‘taper’ has been on the lips of nearly everyone on Wall Street this year. After months of speculation, the Federal Reserve announced it does plan to taper its monthly asset purchases. “It is time to taper, we think, because the economy has achieved substantial further progress toward our goals,” Federal Reserve Chairman Jerome Powell… -
Prices for these 5 things are actually cheaper despite inflation
Inflation is soaring and consumer prices are up on pretty much everything. But here are five things actually cheaper today. #5: Frankfurters Most meat has been way more expensive of late, so it’s surprising that hot dogs are down 3.3% from last year. But get them while the deal is hot because packaged meat suppliers… -
John Deere, workers union work out deal, ending month-long strike
Just over a month after more than 10,000 John Deere workers went on strike across the country, the company reached a deal with the United Automobile, Aerospace and Agricultural Implement Workers of America (UAW) to end the strike Wednesday. According to UAW, the deal “includes an $8,500 signing bonus; 20% increase in wages over the lifetime… -
Staples Center name change to Crypto.com Arena draws pushback
Anschutz Entertainment Group (AEG) announced Tuesday the name of the iconic Staples Center in downtown Los Angeles will soon change to Crypto.com Arena. According to a news release on the Staples Center website, the name change is part of an “historic, 20-year naming rights agreement” costing $700 million. AEG and Crypto.com will unveil the venue’s… -
Want to own an NFL team? Green Bay Packers begin selling stock
The Green Bay Packers began selling stock of the team Tuesday, with shares of the NFL’s only community-owned team going for $300. The team is offering 300,000 shares, for a total value of $90 million. Tuesday’s stock offering is just the sixth to happen in team history. The other five happened in 1923, 1935, 1950,… -
Inflation mentions rise during S&P 500 earnings calls
More than half of the S&P 500 companies have “cited the term ‘inflation’ during their earnings calls for the third quarter” according to a report released last week by financial data and software company FactSet. The report said 285 companies mentioned inflation on their earnings calls. The number rose to its highest in 10 years… -
Biden’s infrastructure bill may not be short-term silver bullet for supply chain struggles
President Biden announced a three-month plan to help address the current supply chain crunch and backups at shipping ports nationwide. However, that three month plan may not fix the solution immediately. The Bipartisan Infrastructure and Investment and Jobs Act, or BIF as it is commonly called, has a $1.2 trillion price tag. That figure includes… -
Thanks, inflation: Thanksgiving dinner will be more expensive this year
Due to ongoing inflation concerns that have persisted for months now, this year’s Thanksgiving festivities could be the most expensive in years. Price increases are poised to affect all aspects of the holiday, from travel to see loved ones to the price of the turkey day dinner itself. As is the case for most holidays,… -
Rivian delays deliveries after electrifying Wall Street
Update (Dec. 29, 2021): About a month and a half after going public on Wall Street, all-electric carmaker Rivian Automotive announced Tuesday it will delay deliveries of its electric pickup truck and sports utility vehicle with big battery packs to 2023. Rivian Chief Executive RJ Scaringe said the majority of the roughly 71,000 preorders for Rivian’s… -
Need a job this holiday shopping season? Hiring forecast looks bright
As the holiday shopping season nears, major companies are already competing to attract potential workers from a limited workforce. With COVID-19 still a threat, experts say workers are particularly hesitant to return to jobs that expose them to the masses. Because the labor shortage is so extreme, workers can afford to be pickier. In a… -
Musk consults Twitter, says he will sell 10% of his Tesla stock
Tesla CEO Elon Musk made noise on Twitter again over the weekend, asking his 62.8 million followers if he should sell 10% of his Tesla stock. That amounts to $20 billion in stocks. According to analyst Daniel Ives of WedBush Securities, Musk owns about 23% of Tesla’s stock. “I will abide by the results of this… -
New York Mayor-elect Eric Adams to get first three paychecks in Bitcoin
New York Mayor-elect Eric Adams announced on Twitter Thursday he is going to take his first three paychecks as mayor in Bitcoin. His tweet, sent two days after winning the city’s mayoral election, came in reply to Miami Mayor Francis Suarez, who said he was going to take his next paycheck in bitcoin. It all… -
US turns around weak jobs reports, adds more than half a million jobs
According to the October jobs report, released Friday by the Labor Department, the United States added 531,000 jobs last month. That’s a step up from recent, weaker jobs reports. It’s also the most jobs added in the U.S. since July. Nearly a third of the jobs added came from the leisure and hospitality sector. This indicates more…
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