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Financial Impact

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Here's Percentage Of NYers Who Say Gas Prices Are Having Serious Impact On Their Finances Here's Percentage Of NYers Who Say Gas Prices Are Having Serious Impact On Their Finances
Here's Percentage Of NYers Who Say Gas Prices Are Having Serious Impact On Their Finances The spike in prices at the gas pump has led to struggles for some New Yorkers who have to contend with inflating prices, according to a new report. Siena College released the results of its most recent study that found that current gas prices are “very seriously” or “somewhat seriously” impacting 61 percent of all New Yorkers - up from 54 percent in a previous poll - who reported it was affecting their financial standing. According to AAA, the average price per gallon of gas in the US on Thursday, Jan. 13 is up to $3.30, roughly the same as a month ago, but nearly a full dollar ahead of wha…

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by Zak Failla
Business
Stop & Shop Could Lose $100M As Result Of 11-Day Workers' Strike Stop & Shop Could Lose $100M As Result Of 11-Day Workers' Strike
Stop & Shop Could Lose $100M As Result Of 11-Day Workers' Strike The Stop & Shop workers strike that lasted 11 days in Connecticut, Massachusetts and Rhode Island could cost the chain over $100 million in profits, Supermarket News reported. Parent company Ahold Delhaize gave the estimate following the end of the strike Sunday, April 21 of a one-off impact of $90 million to $110 million on the retail giant's underlying operating profit for 2019, according to the article. Lower sales, increased shrink of seasonal and perishable inventory, and additional supply-chain expenses are what makes up the amount, said the report. Ahold Delhaize said the strike…

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by Donna Christopher