A century ago, Americans spent nearly half of their income on food. Today, that figure is closer to one-tenth. Bryan Walsh at Vox talks about how we got here.
As freight ships are rerouted away from the Red Sea, air cargo can be a pricy alternative. Plus: holiday earnings, a child care desert, and America as a source of risk premium.
In response to the U.S. and Israel-Iran war, Qatar has cut natural gas production, bond yields and gas prices are up, and shipping firms are rerouting cargo away from the Red Sea.
As consumers are increasingly cash-strapped, more chain restaurants are offering “value” options. Plus: rent payments, data center construction, and an urban flower farm.
The industry has grown fivefold since the Great Recession. Plus: wholesale inflation, “baked in” economic announcements, and a children’s clothing manufacturer.
Atlanta Fed president Raphael Bostic says it’s a tough time to be a central banker. Plus: Meta’s chipmaking deal and the ongoing U.S.-China trade struggle.
