Many consumers are feeling the pain from higher prices With the advent online grocery shopping, like with Amazon's (AMZN) recently announced grocery delivery service, the way in which consumers buy groceries is shifting. USDA Regional Food Business Center's Dawn Thilmany joins Wealth! to break down the best ways for consumers to save money on groceries in an evolving consumer landscape. Thimnay offers this insight into which category will grow in expense:" I think you're going to start and continue to see it in the processed foods. So sometimes people are eating out away from home at restaurants. Those are the prices seeing the most pressure right now and that's because of labor costs. We've made a commitment across the country in many states to start bringing up the labor and wages and if not because of policies, because of the workforce pressure that there's just not enough workers. Labor is really driving this. So if you think about where labor is most intense in the food systems, it's those prepared meals." Watch the video above to hear Thilmany's tips for saving some cash. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
Shares of United Parcel Service (UPS) are moving higher Tuesday morning as the company posted its first-quarter earnings to mixed results, topping estimates by posting adjusted gains of $1.43 per share while its revenue figures fell short of analyst forecasts. In addition, the report revealed slowing delivery demand for both the US and international markets. Yahoo Finance's Rachelle Akuffo joins Wealth! to break down the top takeaways from UPS's first-quarter earnings and what investors can expect moving forward. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
Caitlin Clark appears to be on the cusp of setting another record. The most prolific scorer in NCAA Division I history and the No. 1 overall pick in the WNBA draft will continue her association with Nike by signing a $28 million contract that spans eight years and includes a signature shoe. The Wall Street Journal and The Athletic reported the pending deal, citing unnamed people familiar with the negotiations between the sportswear giant and Clark's agents. Excel Sports Management, which represe
Economic output scaled back in April as business digested that interest rates could remain higher for longer than initially hoped.
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