Inflation is ravaging shoppers' wallets and the Federal Reserve has responded by instituting a regimen of painful interest rate hikes that could land the economy in a recession. But corporate profits are surging. US profit margins have reached record levels not seen since the immediate aftermath of World War II.
Similar Stories to Corporate Greed Is Jacking Prices Higher. It Could Push Customers Over The Edge on Bing News
CNN.com - RSS Channel - World, CNN: World
Wed, 03/29/2023 - 3:48am
BING NEWS:
- Retailers jacked up prices and squeezed consumers. They might have just blinked
Retailers are feeling jittery. Consumers aren’t shopping like they used to. In a game of chicken between stores and shoppers, it’s the stores that appear to be yielding first, by dropping prices on ...
05/5/2024 - 7:00 am | View Link - Fast-food businesses hiking prices because of higher minimum wage sound like Gordon Gekko
Conservative economists have long warned against raising the minimum wage. California just proved that 'greed works,' as Gordon Gekko said.
04/23/2024 - 10:09 pm | View Link - More
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