An East Coast grocery chain confirmed that it is attempting to keep its stores open in the midst of rampant retail theft and crime across the United States. Giant Food, which operates more than 160 locations in several states, is now restricting location entrance points, boosting store security, having fewer high-dollar items on its shelves,…
Major Grocery Chain Trying to Keep Stores Open Due to Increase in Theft, Violence
Robust Consumer Spending Could Be Bad News for Inflation
American consumers are proving to be more resilient than many market experts had expected in the tough economic climate, and this strength in spending is fueling the reacceleration in inflation. This might not, however, be good news for consumers or the Federal Reserve. In April, the Fed’s preferred inflation gauge—the Personal Consumption Expenditures (PCE) price…
ANALYSIS: Will Zimbabwe Pave the Way for Gold-Backed Money?
Will gold rescue Zimbabwe from the ashes of economic despair and usher in a new economic era? Since Zimbabwe declared independence from the former Republic of Rhodesia in 1980, the southern African country has been ravaged by inflation and overall economic turmoil. Over the past 40 years, the annual inflation rate has only touched single-digit…
Number of Americans Taking Accounting Exams Drop to Lowest Level Since 2006
The number of Americans taking exams to enter the accounting profession has plunged to the lowest level in 17 years, according to new data from the American Institute of Certified Public Accountants (AICPA). In 2022, the number of new entrants sitting Certified Public Accountants (CPA) exams dropped to just over 67,000, down from 72,000 in 2021, according to…
Number of Americans Taking Accounting Exams Drops to Lowest Level Since 2006
The number of Americans taking exams to enter the accounting profession has plunged to the lowest level in 17 years, according to new data from the American Institute of Certified Public Accountants (AICPA). In 2022, the number of new entrants sitting Certified Public Accountants (CPA) exams dropped to just over 67,000, down from 72,000 in 2021, according to…
Vote With Your Wallet!
Commentary In graduate school, I encountered the disturbing theory that your vote doesn’t actually count for much. We have a winner-take-all system of voting in this country. That means that one vote for x is always canceled out by a vote for y. So a husband and wife who disagree might as well stay home….
Ex-Lululemon Employees Say They Were Fired for Calling Police on Looters
Two former Lululemon employees in Georgia say they were fired for allegedly breaking company policy when they called the police to report a robbery at their store earlier this month. Jennifer Ferguson, a former assistant manager at a Lululemon store in Peachtree Corners, and one of her employees, Rachel Rogers, told local outlets they reached…
UK Food Inflation Eases in May But Remains High, Says Retailers Group
Food inflation in the UK has fallen for the first time in almost two years, with experts suggesting that lower energy and commodity costs are driving food prices down. A report by the British Retail Consortium (BRC) and Nielsen, published on Tuesday, showed a deceleration from 15.7 percent to 15.4 percent in food inflation in…
Debt-Ceiling Bill Faces Challenge of Getting Enough Bipartisan Support
May 30, 2023
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With President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) agreeing to a deal to raise America’s debt ceiling, the tough task ahead will now be to secure enough support from both parties to get the bill passed. McCarthy and Biden announced their debt-ceiling bill on Saturday. Both have praised the deal, calling it a…
Wall Street Opens Higher on Tentative Debt Ceiling Deal; Nvidia Jumps
Wall Street’s main indexes opened higher on Tuesday as lawmakers tentatively agreed to raise the nation’s debt limit to avert a default, while shares of Nvidia led a rally among chipmakers and AI-related firms. The Dow Jones Industrial Average rose 10.31 points, or 0.03 percent, at the open to 33,103.65. The S&P 500 opened higher…
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