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Saturday, jun 6
Business
Trump Tariffs Hit Ford Harder Than Foreign Rivals, US Automaker Says
The automaker that builds more cars in the US than any other company says it may actually be hurt more by President Donald Trump's tariffs than foreign manufacturers. Ford said it's at a disadvantage compared to companies based in the European Union, Japan, and South Korea, The Wall Street Journal reported. Trump has set the tariff rate for those nations at 15%, significantly lower than the broad 25% duty on autos and light trucks that began in the spring. The 15% duties are the newest in Trump's rapidly changing tariff policies, with the latest rates going into effect on Friday, Aug. 1. Be…
Business
IKEA To Sell Products Inside Some Best Buy Stores: What To Know
IKEA is testing out a collaboration with Best Buy to sell some of its furniture at the electronics giant's stores. Best Buy and IKEA will begin a pilot program in the fall to have IKEA products in Best Buy locations, the chains announced in a joint news release on Thursday, July 31. This marks the first time IKEA merchandise will be available through another US retailer. Ten Best Buy locations across Florida and Texas will feature 1,000-square-foot IKEA showrooms where shoppers can get design help, along with purchasing furniture, appliances, and storage setups. "When you're shop…
Schools
Back-To-School 2025 Deals: More Families Shopping Early To Dodge Rising Prices
Most families are already hunting for back-to-school deals in the summer heat. Roughly two-thirds (67%) of families with children in kindergarten through 12th grade had started shopping by early July, according to the National Retail Federation. That's up from 55% in 2024 and the highest level since NRF began tracking early shopping in 2018. More than half (51%) of families said they're shopping ahead of time because they expect prices to rise due to President Donald Trump's sweeping tariffs. "Consumers are being mindful of the potential impacts of tariffs and inflation on b…
Business
P&G Hiking Prices On Household Essentials As Trump's Tariffs Bite
The company behind popular products like Bounty paper towels, Tide detergent, and Crest toothpaste will soon start raising prices due to President Donald Trump's tariffs. Procter & Gamble will start the price hikes in August as the company expects about $1 billion in added costs from Trump's tariffs during the 2026 fiscal year. P&G revealed the financial impact in its latest earnings report on Tuesday, July 29. The increases will apply to about a quarter of P&G's products sold in the US, Reuters reported. A company spokesperson said prices will rise by "mid-single…
Business
Hershey Raising Candy Prices By Double Digits: Here's Why
Hershey is significantly raising prices on candy products as global shortages fuel a large spike in cocoa costs. A spokesperson for The Hershey Company confirmed the double-digit price increases to the Daily Voice on Wednesday, July 23. The decision is tied to rising ingredient costs, not President Donald Trump's sweeping tariffs that have increased prices of other consumer goods. While the eastern Pennsylvania company said it will hike prices, Halloween candy won't be affected. "We're committed to delivering the treats consumers love while continuing to invest in making our products …
Business
GM Suffers $1.1B Hit Because Of Trump's Tariffs
General Motors had a $1 billion hit over three months due to President Donald Trump's sweeping tariffs that have shaken the auto industry. GM reported a net income of $1.9 billion for the second quarter of 2025, down by about $1.1 billion from Q2 2024. Revenue slipped 1.8% to $47.1 billion. The automaker's North American operations were hit hardest, with profits falling nearly 46%. GM previously lowered its full-year outlook in May to account for a projected $4 billion to $5 billion tariff hit, which didn't change in the Q2 earnings report. Chief financial officer Paul …
Business
Target Reportedly Ends Popular Price-Matching Perk Amid Slumping Sales
Target is ending its perk that matches competitors' prices as the retail giant struggles throughout 2025, according to reports. The price-matching program for deals on Amazon, Walmart, and other online retailers will end on Monday, July 28, Retail Dive reported. Target will only match its own prices up to 14 days after a purchase, either through cheaper prices online or if an item is discounted. A spokesperson said the decision comes after the chain found that shoppers "overwhelmingly price match Target and not other retailers." "We're always working to deliver consumers outstanding value …
Business
Beef Prices Soar To All-Time Highs During Summer Cookout Season: Here's Why
Hot weather isn't the only thing hitting summer cookouts – beef prices are also on the rise. The average price of a pound of ground beef hit a record high of $6.10 in June, according to the Bureau of Labor Statistics. That's 13.7% higher than the average in June 2024. Uncooked steak climbed 8% to $11.49 per pound, according to the Associated Press. The surging beef costs come as the US cattle herd has fallen to its smallest size since 1951, with the US Department of Agriculture reporting just 86.7 million cattle and calves nationwide as of Wednesday, Jan. 1. David Anderson, a liv…
Business
Dollar Tree Completes Family Dollar Sale For $1B Amid Discount Chain's Struggles
Dollar Tree has finalized the sale of its struggling Family Dollar chain to two investment firms for a little more than $1 billion. Brigade Capital Management and Macellum Capital Management have completed their $1.007 billion cash purchase of Chesapeake, Virginia-based Family Dollar. The deal was first revealed in March and Dollar Tree announced the sale's completion in a news release on Tuesday, July 8. Dollar Tree said it expects to receive about $800 million after taxes and other adjustments, including $665 million paid at closing. "The completion of this transaction marks a defining m…
Business
Private Sector Loses Jobs For First Time Since 2023 Amid Trump Tariffs, Inflation: ADP
Private employers lost more jobs than they added for the first time in more than two years, as new data shows Americans pulling back on spending under the weight of inflation and President Donald Trump's sweeping tariffs. Businesses lost 33,000 jobs in June, according to the ADP National Employment Report released on Wednesday, July 2. That was the first monthly drop since March 2023 and behind May's downwardly revised figure of 29,000. June's numbers came in far below Wall Street's expectations, with Dow Jones economists forecasting a gain of 100,000 jobs, CNBC reported. "Though…
Business
Ground Beef Prices Surge To Record High Before Fourth Of July Cookouts: Here's Why
If you plan on enjoying a burger on the Fourth of July, it may be more expensive than ever. The retail price of a pound of ground beef hit a record high of $5.98 in May, according to the Bureau of Labor Statistics. That's up by 18 cents from April and a 16.2% increase from the May 2024 average of $5.15. An American Farm Bureau Federation (AFBF) survey puts the retail price even higher, now averaging $6.67 a pound. Feeding 10 people a standard Independence Day cookout – including burgers, chicken, beans, and potato salad – costs about $70.92, or $7.09 a person. While the …
Lifestyle
Inflation, Trump Tariffs Hurting Americans' Fourth Of July Plans, Survey Finds: Here's How
The stars and stripes may fly high on the Fourth of July, but most Americans say they're feeling financially grounded in 2025. WalletHub conducted a survey, along with compiling facts and figures, about how the US will celebrate Independence Day in 2025. The studies were released on Wednesday, June 25. The personal finance website found that 79% of Americans believe the country's independence is threatened by the rising federal debt. More than half are adjusting their Fourth of July plans because of inflation, high prices, and a shaky economy under President Donald Trump's sweepin…
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