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Thursday, jun 4
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Business
Grocery Bills Causing Major Stress For Most Americans As Food Costs Rise: Poll
Most Americans say grocery prices are now a top source of stress, as inflation and President Donald Trump's tariffs drive up the cost of many everyday essentials, a new poll shows. About 86% said the cost of groceries is a "major" or "minor" source of stress in their lives, according to a national survey from the Associated Press-NORC Center for Public Affairs Research. More than half (53%) said supermarket prices were a major stressor, while just 14% said that groceries aren't a source of stress. Pollsters also found that two-thirds of households earning under $30,…
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
Proctor & Gamble Plans Price Hikes For These Products
Proctor & Gamble plans to raise prices on some of its products, according to a new report. CNBC reported last week that the company has announced plans to raise prices on fabric care products, such as Tide detergent, and certain personal health care products. The rise in prices of fabric care products is set to take effect on Monday, Feb. 28, and the rise in prices for personal health care products will take place in April, CNBC reported. The news outlet said P&G has already raised prices across 10 other product categories. CNBC said the decision was made as inflation rates increa…