Americans keep spending despite rising prices
November 16, 2021
U.S. retail sales in October increased 1.7 percent, an indication that consumers will continue to spend during the holiday season despite rising prices. “Consumers say they’re pessimistic — we have had very high inflation — but the truth is they’re in very good shape right now,” said Gus Faucher, chief economist at PNC Financial Services Group.
Recent News
Uber and Lyft Strikes in Metro Atlanta
Uber and Lyft rideshare and delivery drivers in the sprawling metro Atlanta area came together in solidarity with their counterparts nationwide for a significant cause on May 1.
Johnson & Johnson Announces Plan To Resolve All Current and Future Ovarian Cancer Talc Claims
The settlement is worth $6.48 billion.
Some Americans Will Get a Rare Extra Social Security Check This Month
Some Americans may get a rare extra social security check on the last day of May, though it doesn’t mean they will receive extra money.
Krispy Kreme Expands Into Germany
Krispy Kreme is set to extend its sweet reach to Germany through a recent agreement with ISH Kreme, marking its largest franchisee collaboration yet.