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Electricity Prices
Northampton, MA
On Your Side
Electricity, Gas Bills Surge Nationwide: Here's Why
If your latest utility bill made you do a double take, you are far from alone. Across the country, Americans are seeing their electricity and natural gas costs soar, squeezing household budgets just as summer temperatures peak. Several key factors are fueling these price hikes. Experts say the combination of increased energy demand, supply chain disruptions, and decades of underinvestment that have left the US grid with aging infrastructure are all contributing to the higher bills. In addition, the growing need for power from AI-driven data centers, expanded oil and gas …
Fairfield, CT
On Your Side
Largest US Banker Warns US Economy Could 'Deteriorate' As Global Growth Forecast Dims
The head of one of the nation’s largest banks says the U.S. economy may be slowing — and that could hit local households and businesses hard in the months ahead. “I think there’s a chance real numbers will deteriorate soon,” JPMorgan Chase CEO Jamie Dimon said during a financial conference this week, per CNBC. He explained that while the country has seen gains in jobs and spending, there are signs that the economy may be cooling. “Employment will come down a little bit. Inflation will go up a little bit. Hopefully, it’s just a little bit,” Dimon said. He added that lower immigration …
