Tag Archives: MoneyWatch

The steepest inflation in four decades and severe product shortages have evoked comparisons to the economic doldrums faced by the U.S. in the 1970s. The echoes are reviving concerns about “stagflation,” a term coined during that earlier period that has become synonymous with double-digit price increases, job losses and images …

Milk banks across the country are collecting donated breast milk from lactating women and distributing it to babies struggling amid a national shortage of baby formula that experts are calling a “crisis.” If you’ve never heard of a mothers’ milk bank, you’re not alone.  “It’s my impression that it’s very …

Starbucks is objecting to a meeting this week between President Joe Biden and Starbucks union organizers, saying that because it wasn’t invited to the event the meeting had a “lack of representation.” In a May 5 letter provided to CBS News by Starbucks, the coffee chain said it is requesting …

Arkansas is suing Family Dollar over the discovery of more than 1,000 dead rodents in a distribution facility in the state that prompted the discount retail chain to recall items purchased from hundreds of stores in the South. The lawsuit, filed Thursday by Attorney General Leslie Rutledge in state court, …

The U.S. Postal Service said on Wednesday that it wants to increase postage rates this summer — less than one year after it last increased the price for a first-class Forever stamp. The new price would rise to 60 cents from its current 58 cents, which the postal service said …

Perhaps this scenario is familiar to you. Your car broke down and now you’re faced with a costly repair bill. It may not have been the first time this has happened and you’re getting tired of pouring money into an aging machine. A new car would be nice, but is …

Workers at Target stores and distribution centers in places like New York, where competition for finding and hiring staff is the fiercest, could see starting wages as high as $24 an hour this year. The Minneapolis-based discount retailer said Monday that it will adopt minimum wages that range from $15 …

Investors have cooled on so-called meme stocks, spurred in part by worries about inflation and the Federal Reserve’s efforts to control spiraling consumer prices. Yet while the shares of companies like GameStop and AMC Entertainment have slumped since skyrocketing early last year, they haven’t nosedived as many establishment experts predicted. That’s …

On the first trading day of 2022, Apple marked a new milestone: it became the first U.S. company to reach a market value of $3 trillion.  Apple’s shares briefly touched a record $182.88 per share in Monday’s trading. At that price, the iPhone maker’s value topped $3 trillion. In early …

The tax code saw some major overhauls in 2021 amid the pandemic. With many families and businesses struggling to stay afloat, lawmakers put in place a dizzying array of changes, including tax breaks, to provide extra help. Some of those tax breaks, however, may not return in 2022, which means …