What's causing inflation? One expert walks through some of the factors
As many Americans continue to struggle financially because of inflation, we set out to clear the air on some common claims about what's going on.
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Wednesday, June 29, 2022
NPR News: The pain of rising mortgage rates when you're waiting for your home to be built
The pain of rising mortgage rates when you're waiting for your home to be built
Many Americans put down deposits of $20,000 or more with builders to put up new homes. But with mortgage rates rising, some can no longer afford the homes. And they could lose their deposits.
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Many Americans put down deposits of $20,000 or more with builders to put up new homes. But with mortgage rates rising, some can no longer afford the homes. And they could lose their deposits.
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Sunday, June 26, 2022
NPR News: How a massive refinery shortage is contributing to high gas prices
How a massive refinery shortage is contributing to high gas prices
Oil refineries have lost capacity over recent years, making it nearly impossible to increase supply and stabilize gas prices at the pump.
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Oil refineries have lost capacity over recent years, making it nearly impossible to increase supply and stabilize gas prices at the pump.
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Friday, June 24, 2022
NPR News: Are rising interest rates giving you grief while you wait for your home to be built?
Are rising interest rates giving you grief while you wait for your home to be built?
Many people are getting hurt financially because mortgage rates rose sharply while they were waiting for their new homes to be built. And now it's hard or impossible to buy them. Share your story.
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Many people are getting hurt financially because mortgage rates rose sharply while they were waiting for their new homes to be built. And now it's hard or impossible to buy them. Share your story.
Read more on NPR #njsmallbusinessdepot #entrepreneur #smallbusiness
NPR News: The housing market squeeze pushes renters into bidding wars
The housing market squeeze pushes renters into bidding wars
Rising mortgage rates and a wave of millennials put more pressure on the rental market. Rents have soared by double digits, but landlords say they're also struggling with higher costs.
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Rising mortgage rates and a wave of millennials put more pressure on the rental market. Rents have soared by double digits, but landlords say they're also struggling with higher costs.
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Tuesday, June 21, 2022
NPR News: No, this 7-Eleven isn't charging $7.11 for gas, even if the internet says so
No, this 7-Eleven isn't charging $7.11 for gas, even if the internet says so
A viral image of a 7-Eleven charging $7.11 was taken in 2021, and doesn't reflect the current state of gas prices in the U.S.
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A viral image of a 7-Eleven charging $7.11 was taken in 2021, and doesn't reflect the current state of gas prices in the U.S.
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NPR News: Cryptocurrency tech is vulnerable to tampering, a DARPA analysis finds
Cryptocurrency tech is vulnerable to tampering, a DARPA analysis finds
A new analysis commissioned by DARPA quantifies how the decentralized tech that runs the currency system could be compromised.
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A new analysis commissioned by DARPA quantifies how the decentralized tech that runs the currency system could be compromised.
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Monday, June 20, 2022
NPR News: Gas prices fall below $5 per gallon in the first weekly drop since April
Gas prices fall below $5 per gallon in the first weekly drop since April
The drop doesn't signal a rapid descent to the low prices of 2021, but drivers could see modest decreases continue in the coming weeks, analysts say.
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The drop doesn't signal a rapid descent to the low prices of 2021, but drivers could see modest decreases continue in the coming weeks, analysts say.
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NPR News: He's the first buyer of the electric F-150. Why he's the future of the car industry
He's the first buyer of the electric F-150. Why he's the future of the car industry
Legacy auto makers such as Ford and GM are racing to catch up to Tesla by investing billions of dollars to develop electric cars.
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Legacy auto makers such as Ford and GM are racing to catch up to Tesla by investing billions of dollars to develop electric cars.
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NPR News: Pain at the gas pump is being felt around the world
Pain at the gas pump is being felt around the world
Across the globe drivers are rethinking their habits and personal finances amid skyrocketing prices for gasoline and diesel.
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Across the globe drivers are rethinking their habits and personal finances amid skyrocketing prices for gasoline and diesel.
Read more on NPR #njsmallbusinessdepot #entrepreneur #smallbusiness
Friday, June 17, 2022
NPR News: Americans support student loan forgiveness, but would rather rein in college costs
Americans support student loan forgiveness, but would rather rein in college costs
A new NPR/Ipsos poll finds majority support for forgiving $10,000 in federal student loan debt, but even broader support for making college affordable for future students.
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A new NPR/Ipsos poll finds majority support for forgiving $10,000 in federal student loan debt, but even broader support for making college affordable for future students.
Read more on NPR #njsmallbusinessdepot #entrepreneur #smallbusiness
Sunday, June 12, 2022
NPR News: Who actually pays with buy now, pay later companies like Klarna and Affirm
Who actually pays with buy now, pay later companies like Klarna and Affirm
These businesses have exploded in popularity during the pandemic, and now Apple is getting on board. But are these interest-free payment installments too good to be true?
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These businesses have exploded in popularity during the pandemic, and now Apple is getting on board. But are these interest-free payment installments too good to be true?
Read more on NPR #njsmallbusinessdepot #entrepreneur #smallbusiness
Thursday, June 9, 2022
NPR News: Rents across U.S. rise above $2,000 a month for the first time ever
Rents across U.S. rise above $2,000 a month for the first time ever
A new report shows the cost of renting a home or apartment is up 15% nationally to a new record high.
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A new report shows the cost of renting a home or apartment is up 15% nationally to a new record high.
Read more on NPR #njsmallbusinessdepot #entrepreneur #smallbusiness
Wednesday, June 8, 2022
NPR News: Have you faced a bidding war trying to rent an apartment?
Have you faced a bidding war trying to rent an apartment?
In an incredibly tight rental market, more people are finding themselves outbid in the kind of competition usually only seen with buying houses. If you've experienced this NPR wants to hear from you!
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In an incredibly tight rental market, more people are finding themselves outbid in the kind of competition usually only seen with buying houses. If you've experienced this NPR wants to hear from you!
Read more on NPR #njsmallbusinessdepot #entrepreneur #smallbusiness
NPR News: 'Shrinkflation' accelerates globally as manufacturers quietly shrink package sizes
'Shrinkflation' accelerates globally as manufacturers quietly shrink package sizes
Shrinkflation isn't new, experts say. But it proliferates in times of high inflation as companies grapple with rising costs for ingredients, packaging, labor and transportation.
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Shrinkflation isn't new, experts say. But it proliferates in times of high inflation as companies grapple with rising costs for ingredients, packaging, labor and transportation.
Read more on NPR #njsmallbusinessdepot #entrepreneur #smallbusiness
Monday, June 6, 2022
NPR News: In 10 states, a gallon of gas now costs more than $5
In 10 states, a gallon of gas now costs more than $5
Consumers are paying more around the country. No state's average is below $4.28, according to AAA. But in California, drivers are paying $2 more than that amount.
Read more on NPR #njsmallbusinessdepot #entrepreneur #smallbusiness
Consumers are paying more around the country. No state's average is below $4.28, according to AAA. But in California, drivers are paying $2 more than that amount.
Read more on NPR #njsmallbusinessdepot #entrepreneur #smallbusiness
Sunday, June 5, 2022
NPR News: College debt is one of the largest financial burdens young people face today
College debt is one of the largest financial burdens young people face today
Nearly half of college students who take out loans for school don't finish within six years. Isabelle Praget is struggling with this kind of debt, and she speaks with Ayesha Rascoe about it.
Read more on NPR #njsmallbusinessdepot #entrepreneur #smallbusiness
Nearly half of college students who take out loans for school don't finish within six years. Isabelle Praget is struggling with this kind of debt, and she speaks with Ayesha Rascoe about it.
Read more on NPR #njsmallbusinessdepot #entrepreneur #smallbusiness
Friday, June 3, 2022
NPR News: Elon Musk has a 'super bad feeling' about the economy and wants Tesla to cut jobs
Elon Musk has a 'super bad feeling' about the economy and wants Tesla to cut jobs
Musk wants the electric auto maker to cut 10% off its staff according to a Reuters report.
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Musk wants the electric auto maker to cut 10% off its staff according to a Reuters report.
Read more on NPR #njsmallbusinessdepot #entrepreneur #smallbusiness
Thursday, June 2, 2022
NPR News: U.S. will forgive $5.8 billion of loans to Corinthian Colleges students
U.S. will forgive $5.8 billion of loans to Corinthian Colleges students
Students affected do not have to take any further action to secure their funds, and the Department of Education will begin notifying those students soon, the agency said.
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Students affected do not have to take any further action to secure their funds, and the Department of Education will begin notifying those students soon, the agency said.
Read more on NPR #njsmallbusinessdepot #entrepreneur #smallbusiness
NPR News: Demand at food banks is way up again. But inflation makes it harder to meet the need
Demand at food banks is way up again. But inflation makes it harder to meet the need
High food and gas prices are squeezing working families, sending some to food pantries for the first time. But providers are struggling with high costs, fewer donations and supply chain woes.
Read more on NPR #njsmallbusinessdepot #entrepreneur #smallbusiness
High food and gas prices are squeezing working families, sending some to food pantries for the first time. But providers are struggling with high costs, fewer donations and supply chain woes.
Read more on NPR #njsmallbusinessdepot #entrepreneur #smallbusiness
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