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Inflation

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Shoplifting Costs Retailers Billions: These Are Most Frequently Stolen Items Shoplifting Costs Retailers Billions: These Are Most Frequently Stolen Items
Shoplifting Costs Retailers Billions: These Are Most Frequently Stolen Items Shoplifting in the US is a costly epidemic, with retailers losing over $120 billion last year. The trend focuses on easily concealed, high-demand products at major retailers like Walmart and Target, posing a nationwide challenge for store owners and law enforcement. Electronics, health and beauty products, and food items are among the most commonly stolen goods, Capital One Shopping reports.  Small gadgets such as headphones and phone chargers, alongside over-the-counter medications and cosmetics, are frequent targets.  Alcohol, baby formula, and packaged meats are also popular …

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by Joe Lombardi
Business
Popular Fast Casual Dining Chain Files For Bankruptcy Popular Fast Casual Dining Chain Files For Bankruptcy
Popular Fast Casual Dining Chain Files For Bankruptcy A popular fast casual dining chain has filed for bankruptcy after months of reporting financial distress. BurgerFi International, Inc., announced the Chapter 11 filing on Wednesday, Sept. 11. The Florida-based company is also the parent company of Anthony’s Coal Fired Pizza. All 144 locations of the two brands across the the nation will remain open and continue normal operations. BurgerFi makes up 93 of the eateries, and Anthony's the other 51. The Chapter 11 filing includes the 67 corporate-owned locations of both brands. "BurgerFi and Anthony's Coal Fired Pizza & Wings are dyn…

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by Joe Lombardi
Business
Big Lots To Close Pair Of NY Stores Big Lots To Close Pair Of NY Stores
Big Lots To Close Pair Of NY Stores Discount retail chain Big Lots plans to close around 40 stores this year, according to a filing with the Securities & Exchange Commission (SEC). It currently has around 1,425 stores nationwide. Six stores in New York, Connecticut, and Massachusetts are slated to close, with both New York stores on Long Island. No store closures are scheduled for New Jersey. The company cited rising costs and inflation as reasons for the move and said a bankruptcy filing could be coming. Stores in the Northeast slated for closure are as follows: New York 260 Voice Road, Carle Place 231 Centere…

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by Joe Lombardi
Lifestyle
'McFlation': $7 Egg McMuffin At McDonald's In Region Sparks Outrage 'McFlation': $7 Egg McMuffin At McDonald's In Region Sparks Outrage
'McFlation': $7 Egg McMuffin At McDonald's In Region Sparks Outrage A pricey breakfast sandwich purchased at a Connecticut McDonald’s is sparking outrage on social media. The Fairfield County breakfast order, which was shared by Bespoke Investment Group on X, was placed on Saturday, Jan. 27 just off of I-95 in the town of Fairfield, according to the posted picture of the receipt. “What has the world come to??” the user asked, showing that the receipt included two Egg McMuffins, costing a total of $14.58 — or $7.29 each — and a bacon, egg, and cheese McGriddle for another $7.19. “Outrageous pricing,” Bespoke wrote. $7.29 for one McDonald’s Egg McMuf…

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by Sophie Grieser
Lifestyle
You're Making More Money But It Doesn't Feel Like It, Especially In Boston Metro Area You're Making More Money But It Doesn't Feel Like It, Especially In Boston Metro Area
You're Making More Money But It Doesn't Feel Like It, Especially In Boston Metro Area All Americans are feeling the effects of rising inflation rates, but people living in Boston, Cambridge, and Newton have the hardest time stretching a dollar, a new study by SmartAsset found.  The Boston metropolitan area requires the third-highest paycheck out of the 25 metropolitan cities including in the SmartAsset study, requiring an after-tax salary of $78,752 for a single person to live comfortably. This figure is considerably higher than the average after-tax salary needed to live comfortably in metro areas, which is calculated at $67,060.  A $100,000 salary is worth $84,498 in O…

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by Morgan Gonzales
Lifestyle
New Report Reveals Percentage Of Americans Living Paycheck To Paycheck New Report Reveals Percentage Of Americans Living Paycheck To Paycheck
New Report Reveals Percentage Of Americans Living Paycheck To Paycheck Many Americans are living paycheck to paycheck as inflation continues to impact their finances, according to a new report.  PYMNTS and LendingClub published their September 2022 report on inflation and the United States paycheck-to-paycheck landscape. Researchers found that 60 percent of consumers reported that inflation has impacted how they manage their finances. The report also found that 60 percent of US consumers are living paycheck to paycheck as of August, an increase from 57 percent in September of 2021. According to the report, 45 percent of consumers who are earni…

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by Nicole Valinote
News
Here's When Massachusetts Will Start Returning $2.94 Billion To Taxpayers Here's When Massachusetts Will Start Returning $2.94 Billion To Taxpayers
Here's When Massachusetts Will Start Returning $2.94 Billion To Taxpayers Massachusetts taxpayers can expect their piece of a $2.94 billion pie starting this November, Governor Charlier Baker announced Friday, Sept. 16. With the state making "stronger-than expected" tax revenues for the Fiscal Year 2022, Massachusetts plans on giving those funds back to eligible taxpayers starting next month. “With families facing continued pressure from high prices and inflation, these returns will provide some needed relief," Baker said.  Taxpayers must have filed their 2021 state tax return on or before October 17, 2022 to be eligible. Funds may be reduced if someon…

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by David Cifarelli