Americans stepped up their spending at retail stores and restaurants last month in a clear sign that consumers are still able and willing to shop.
This Week in Jacksonville: Business Edition - Art, culture meet at Amelia Island music festivalAnalyst: Biden’s farewell address reveals deep reservations about handing presidency back to TrumpHere's how to get fabulous items to make life around the house easier, more organized and tidy — all while saving big.FILE - A shopper looks at handbags at Macy's department store on Sunday, Nov. 24, 2024, in New York.
After dropping precipitously in 2023, inflation has been stuck at about 2.7% in recent months, and prices are still much higher than four years ago. Still, on Wednesday the Labor Department said that core prices — excluding the volatile food and energy categories — rose more slowly last month, as clothing prices barely increases and apartment rental costs climbed at a slower pace.
The conference came on the heels of a solid holiday shopping season, though consumers remain bifurcated. Wealthier shoppers, boosted by rising home values and stock investments, continue to spend more, but lower-income shoppers, their wallets strained by still high inflation, have pulled back. “I always say to my merchants, ‘I want every single customer who walks in our door to find something that works within their budget and every category where we run our business,'” said Sonya Gafsi Oblisk, chief merchandising and marketing officer at Whole Foods, during an interview with The Associated Press on Monday.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Americans Shared Things They Wish Non-Americans Knew'I went to college with a guy from Germany, and this confused him quite a bit when he first got here.'
Read more »
Things Most Americans Have That Non-Americans Find SurprisingA recent online discussion revealed some interesting differences in household items between Americans and people from other countries.
Read more »
Global Perspective on US Politics: Non-Americans React to Trump, Election, and Political ClimateThis article gathers reactions from 27 non-Americans who offer their honest and often critical views on the US election, Donald Trump, and the current political landscape.
Read more »
Yellowstone Ranch Sold to Native Americans in Season 5 FinaleThe Season 5 finale of Yellowstone reveals the fate of the Dutton family and their Montana ranch. After patriarch John Dutton's death, his children Beth and Kayce face a dilemma: pay hefty inheritance taxes or sell to developers. Kayce resolves the issue by selling the ranch to Chief Thomas Rainwater for a symbolic amount, fulfilling a promise made to Native Americans generations ago. The ranch will no longer be operational, forcing the cowboys to find new jobs. Meanwhile, Beth seeks revenge on her adopted brother Jamie, whom she blames for their father's death.
Read more »
Poll Shows Americans Support Kennedy's Food and Health ReformsA new poll reveals that a majority of Americans support Robert F. Kennedy Jr.'s proposed reforms to the food industry and public health.
Read more »
Harris Urges Americans To 'Stay In The Fight' After Election LossVice President Kamala Harris addressed the disappointment surrounding her election loss, urging Americans to remain engaged and 'stay in the fight' for their values and a better future.
Read more »