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Friday 28 June 2024

No relief at the supermarket

Also: The high price of summer parenting ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Fri Jun 28 2024

 

Daniel de Visé Personal Finance Reporter

Good morning! It's Daniel de Visé with your Daily Money.

Happy Consumer Friday. I'm filling in for Betty Lin Fisher.

Latasha Warner does everything she can to keep food costs down. 

She avoids restaurants, buys off-brand products, avoids meat that's not on sale and travels out of town to shop at bigger, more affordable chains. And still, she says the $200 she spent on groceries Tuesday didn't buy enough food to last the week for her, her husband and two children.

Grocery inflation has cooled substantially since its 2022 peak, and groceries are causing less of a hit on Americans' budgets. 

Yet, despite the cooldown, surveys show consumers are still struggling to come to terms with how much food costs today.  

The high price of summer parenting

Summer vacation lasts 11 weeks for the Restrepos. And the Michigan family has nine of them covered, thanks to a Kids Club program offered by the local public schools.

But summer camp is not free. The Restrepos are paying $225 per kid per week: $4,050 for both children for those nine weeks.

"Honestly, I don't know what we'd do without it," William Restrepo said.

The price of parenting tends to spike in summer, when tax-funded public education gives way to parent-funded daycare and sleepaway camps. Inflation pads the bill.

📰 More stories you shouldn't miss 📰

Who's to blame for inflation, Biden or Trump?
Who would be better for the economy, Biden or Trump?
American cars fare well in J.D. Power study
Walgreens to close stores
Cooling your home on a budget

📰 A great read 📰

Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it!

A Florida woman upset that Reese's holiday-themed chocolates did not feature the same cute designs she claims were shown on its packaging sued manufacturer Hershey's for false advertisement.

In a lawsuit filed on Dec. 28 in Florida's Middle District Court, Cynthia Kelly sued Hershey's for $5 million, alleging that the company misled buyers with "false and deceptive advertising" on their packaging.

What, exactly, did the woman think she was buying?

About The Daily Money

Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.

Daniel de Visé covers personal finance for USA Today.

The produce section at Trader Joe's on Wednesday, June 26, 2024.

Grocery inflation has cooled since its 2022 peak, but consumers say they are still struggling with higher food prices.

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Dylan Grosz, 11, sits in his best Yoga pose as water splashes around him as children from Ocala's Best Summer Camp were trying to beat the heat Monday July 10, 2023 by playing at Lily's Pad, a splash pad located at Lillian Bryant Park. The park also offers basketball courts, a covered pavilion with picnic tables, a playground, walking trail and a little league baseball field.
 

Kids get costly in summer. Camp, daycare prices are rising

The annual summer scramble for camp and daycare coverage is underway. Prices are rising.

Photo included in class action lawsuit against The Hershey Company on behalf of Cynthia Kelly and all other similarly situated individuals who purchased a Reese's Peanut Butter product based on false and deceptive advertising.
 

Peanut butter problem: Woman sues, says Reese's did not look 'cute'

The woman said she would not have bought the Reese's pumpkin candy if she knew the chocolate did not have the intricate face details on the packaging.

Democrat candidate, U.S. President Joe Biden, and Republican candidate, former U.S. President Donald Trump, attend a presidential debate in Atlanta, Georgia.
 

Whose fault is inflation? Trump and Biden blame each other

President Joe Biden and former President Donald Trump sparred over their economic records during Thursday night's presidential debate.

Composite photo of President Joe Biden and former President Donald Trump.
 

Who would be better for the economy – Biden or Trump?

A look at the economic plans of Trump and Biden. Trump would raise tariffs, restrict immigration and extend tax breaks for companies and the wealthy.

The 2025 Ram 1500 RHO is billed as a high-performance off-roading truck, and it's starting price is lower than the base model Ford F-150 Raptor.
 

American car makers fare well in major J.D. Power study

The Big Three automakers took high marks in J.D. Power's Initial Quality Study. See where your favorite car brand ranked.

18. Walgreens     • Average 2020 score:  74 (tied)     • Walgreens' worst 2020 category:  Health and personal care stores, 74     • Health and personal care stores 2020 avg score:  75    ALSO READ: America's Biggest Companies That Didn't Exist a Decade Ago
 

Walgreens plans to close significant amount of underperforming stores

Walgreens said Thursday it is planning to close a significant amount of its underperforming stores in the United States.

Rows of Toyotas are parked in a line at the world's largest auto dealership, Longo Toyota, which enjoys continued strong sales after a record quarterly report for Toyota April 24, 2007 in El Monte, California.
 

CDK Global: Small group of dealers get systems online after hack

Software supplier CDK Global said a small number of car dealers had hacked computer systems return during testing as cyberattack response continues..

Lightning strikes behind the historic Rosson House in downtown Phoenix.
 

Insurance claims for lightning strikes are rising. We have safety tips.

Damage to homes from lightning strikes is on the rise, according to the latest data from State Farm.

Online shopping
 

Google is upping its shopping search game

Google's newest shopping search updates includes a deals destination, membership pricing and price tracking.

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Thursday 27 June 2024

Peeling back the curtain on Boeing

Also: How the deficit makes us poorer ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Thu Jun 27 2024

 

Daniel de Visé Personal Finance Reporter

Good morning! It's Daniel de Visé with your Daily Money.

Boeing is having a rough year. 

The company, which has been under a microscope, is trying to peel back the curtain on its operations, Zach Wichter reports. In a tightly choreographed media open house that USA TODAY attended on Tuesday, Boeing said it's facing its safety challenges head-on. Employees, from the C-suite to the production line, insist that the airframer is turning a corner – reaffirming that its planes remain generally safe and are only getting safer.

How the deficit makes America poorer

The government's deficit problem is creating an income problem for Americans, Medora Lee reports.

Last week, the Congressional Budget Office (CBO) raised its estimate for the government deficit by a whopping 27%, to $1.9 trillion.

Paying for that debt can divert money away from private investment, which, in turn, may dampen wage growth, economists say.

📰 More stories you shouldn't miss 📰

Mapping the Hooters closures
Impossibly affordable cities
What if everyone got an IRA?
Why Amazon stock is popping

🍔 Today's Menu 🍔

Many a struggling artist and underemployed Gen-Zer has turned to Taco Bell for sustenance.

Now, Taco Bell has rolled out a new combo meal deal meant to address fast-food affordability head-on.

The new $7 Luxe Cravings Box hits the Taco Bell menu Thursday, Mike Snider reports. The meal comes with a Chalupa Supreme, Beefy 5-Layer Burrito, Double Stacked Taco, chips and nacho cheese sauce, and a medium drink. The restaurant chain says the combo is priced about 55% lower than what the menu items would cost separately.

About The Daily Money

Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.

Daniel de Visé covers personal finance for USA Today.

737 MAX aircraft are seen in various states of assembly at the Boeing 737 factory on June 25, 2024, in Renton, Washington.

In a tightly choreographed media open house of its Renton, Washington, manufacturing facility, Boeing said it's facing its safety challenges head-on.

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WASHINGTON, DC - JULY 06: Pedestrians walk past a poster and electronic billboard displayed at 18th and K St's NW that displays the current U.S. National debt per person and as a nation at 32 Trillion dollars on July 06, 2023 in Washington, DC.
 

Swelling U.S. deficit makes Americans poorer, economists say

A soaring U.S. budget deficit will lead to lower incomes for Americans, economists say. That could kill the American dream for future generations.

A stop sign as seen on traffic light near a statue at the Supreme Court in Washington, DC, February 26, 2024 as Justices are set to make a decision on landmark cases over social media content moderation. The Supreme Court on Monday will determine whether states can forbid social media companies from blocking or removing user content that goes against platform rules in the NetChoice v. Paxton and Moody v. NetChoice case. The state laws at issue also allow   individuals to sue tech companies for alleged violations.
 

Did Biden and Big Tech censor conservatives? Debate still rages

Murthy v. Missouri was the latest conservative grievance that the Biden administration colludes with tech companies to violate Americans' free speech.

Taco Bell's new $7 limited-time Luxe Cravings Box comes with a Chalupa Supreme, Beefy 5-Layer Burrito, Double Stacked Taco, chips and nacho cheese sauce, and a medium drink.
 

Taco Bell rolls out new $7 value meal combo. Here's what's in it.

Consumer concerns over high prices and inflation have led to limited-time value meal deals from Burger King, McDonald's, Wendy's and Taco Bell.

Amazon packages are stacked on a cart on Tuesday, March 29, 2022, at the Amazon Delivery Station in Sioux Falls.
 

Here's why Amazon stock popped on Wednesday

The company got a vote of confidence from Wall Street and a windfall, courtesy of electric-vehicle maker Rivian.

Feb 6, 2016; San Francisco, CA, USA; General view of the downtown San Francisco skyline prior to Super Bowl 50. Mandatory Credit: Kirby Lee-USA TODAY Sports
 

Charts explain: These cities in US, abroad are 'impossibly unaffordable'

Hong Kong ranked topped the list of least affordable housing market across the globe but the US had a strong showing, too.

A smiling person looking out a window while holding a financial newspaper in their hands.
 

IRA overload? Here's what would happen if every worker had one

Princeton researchers set out to study whether a national retirement plan would spark savings, especially for low-income employees.

Rows of Toyotas are parked in a line at the world's largest auto dealership, Longo Toyota, which enjoys continued strong sales after a record quarterly report for Toyota April 24, 2007 in El Monte, California.
 

CDK Global: Small group of dealers get systems online after hack

Software supplier CDK Global said a small number of car dealers had hacked computer systems return during testing as cyberattack response continues..

USA TODAY, in partnership with Plant-A, presents America's Top Online Shops for 2024.
 

Which companies are the top online shops? Here's the list.

USA TODAY, in collaboration with Plant-A, presents America's Top Online Retailers.

While the sign outside the Hooters on Airport Road in Warwick, Rhode Island indicates hours of operation, signs on the door note the restaurant has closed indefinitely.
 

Hooters closing several underperforming locations across US

Hooters said several underperforming restaurants will close their doors permanently across the US due to "pressure from current market conditions."

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