Tag business news usa

The average American saved $5,011 last year. That means it would take them about 75 years to save up enough cash to send one child to a top-rated US university. College is really expensive. And it just keeps getting more expensive. The average tuition at US private colleges grew by about 4% last year to just under $40,000 per year, according to data collected by US News & World Report. For a public in-state school, that cost was $10,500, that’s an annual increase of 0.8% for in-state students and about 1% for out-of-state. But at highly rated or selective schools,…

Spam calls — or “scam calls” as they’re also known — have become an infuriating part of life. By now, most people are well acquainted with fraudsters trying to dupe you out of your cash by impersonating government officials or Amazon employees. “I’m still getting a lot of spam calls,” said Pradeep Selvaraj, an IT professional in Whitby, Ont., who has posted about the issue on his YouTube channel. Salvaraj estimates he receives two to three calls a week from scammers — often while at work. They claim they’re from the “CRA, RCMP, duct cleaning, Amazon, UPS shipping and the…

BENTONVILLE, ARK. — Lower prices compared to competitors and convenience brought about through digital capabilities lifted Walmart US to same-store sales growth of 7% in the first quarter ended April 30. The growth was due to higher store traffic trends as well as growth in store-fulfilled pickup and delivery, said John D. Rainey, chief financial officer, in a May 18 earnings call. “From a category perspective, comp sales were driven by strong growth in food and health and wellness, partially offset by a decline in general merchandise sales,” he said. E-commerce sales increased 27% in the United States when compared…

Article content Federal Reserve issues FOMC statement May 03, 2023 Economic activity expanded at a modest pace in the first quarter. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated. The US banking system is sound and resilient. Tighter credit conditions for households and businesses are likely to weigh on economic activity, hiring and inflation. The extent of these effects remains uncertain. The Committee remains highly attentive to inflation risks. The Committee seeks to achieve maximum employment and inflation at the rate of 2 per cent over the longer run. In…

PITTSBURGH — Even as consumers shifted buying behaviors because of higher costs, Kraft Heinz Co. managed to generate higher sales and profits in the first quarter while raising its earnings guidance for the year. Carlos A. Abrams-Rivera, executive vice president and president of North America, said the company had anticipated a move by lower-income consumers to value retailers. “There have been some channel shifts, which we expected,” Mr. Abrams-Rivera said May 3 in a call with investment analysts. “And for the lower-income consumers, this means kind of moving to more value-focused retailers or into dollar channels. Now for high-income consumers,…

Breadcrumb Trail Links News Executive Summary Executives Three provinces make the top 10, according to Fraser Institute Published May 05, 2023 • Last updated 14 hours ago • 4 minute read An employee of Sayona Quebec in front of a lithium deposit at the company’s North American Lithium Complex in La Corne, central Quebec. Photo by MATHIEU DUPUIS/SAYONA/AFP via Getty Images files Article content Saskatchewan is the world’s third-most attractive region for mining investment, topped only by Nevada and Western Australia, according to the Fraser Institute’s latest Annual Survey of Mining Companies. Advertisements 2 This advertisement has not been loaded…

LAS VEGAS — The 2023 Winter Fancy Food Show saw more than 1,100 exhibitors showcase their newest products Jan. 15-17 in Las Vegas. The $175 billion specialty food industry homes in on consumers looking for premium products, often made in small batches. This year, the Specialty Food Association’s Trendspotter Panel predicted an interest in bold and intense flavor experiences, specifically within the sauce and condiment categories. “What began in the hot sauce category is exploding into honey, spreads, confections, beverages, and snacks, snagging new markets like younger consumers, especially, and inspiring specialty food companies to introduce heat and spice into…