Declining Food Costs Linked to Drop in Producer Price Index
The price of food surged over the last year but there is a sliver hope that rates could be on the downswing. Marty Cantor, CPA and economic development consultant, joined Cheddar News to provide some insights into declining food prices and whether or not consumers should expect them to climb again. "A big component of the producer price index is gasoline -- transportation -- but that's coming down. But that could turn around because oil prices are now up," he said. "The producer price index is the final prices for goods and services that a retailer will have to pay and then the retailer, in turn, will put their profit margin on it and sell it to you as a consumer and that's the consumer price index."
WWE’s weekly television show, “Raw,” will move to Netflix next year as part of a major streaming deal worth more than $5 billion. WWE, which is part of TKO Group Holdings Inc., said Tuesday that “Raw” will air on Netflix starting in January 2025.
Propublica national reporter Peter Elkind shares details on his investigation into how scammers stole over $1 billion using Walmart's gift cards and financial services, and how consumers can protect themselves.
Ed Siddell, CEO and Chief Investment Advisor at EGIS financial explains why election years tend to cause bull markets, the latest inflation data, and why he’s concerned about the ‘debt bubble.’
Archer Aviation founder and CEO Adam Goldstein shares big news about the aerospace company's new partnership with NASA and why they want to make your trip to the airport just five minutes long.
iFit CEO Kevin Duffy shares how the company is bringing artificial intelligence-powered workouts to consumers, plus other fitness trends to be on the lookout for in 2024.
Macy’s is rejecting a $5.8 billion takeover offer from investment firms Arkhouse Management and Brigade Capital Management, saying they didn’t provide a viable financing plan. The firms offered $21 per share for the stock they don’t already own.
Sports Illustrated's employee union said in a statement that the layoffs would be a significant number and possibly all, of the NewsGuild workers represented.
