Eggflation's back

Eggflation's back

Welcome to The Money, where we break down financial news and provide the TL;DR version of how decisions by the Federal Reserve, government and companies impact you.

Inflation's trending lower , but egg prices are not .

The price of a dozen eggs jumped more than 28% in August to $3.20 compared to $2.00 the same month last year. Prices were also up from July's $3.08, according to data from the Bureau of Labor Statistics.

Why are they so expensive? Millions of birds are becoming sick across the U.S., causing egg production to drop which leads to higher prices of eggs at the supermarket. As of September, more than one hundred million birds have been affected by bird flu since January 2022, according to the Centers for Disease Control and Prevention .

Is there a flu vaccine for birds anywhere?

Holiday hiring blitz begins

The overall job market may be cooling, but the need for temporary holiday jobs is just getting started.

UPS said it intends to hire over 125,000 employees to handle deliveries this holiday season.

The package delivery giant said in a post on its website that nearly 75% of its seasonal jobs do not require an interview and "applicants can get a job offer?in just 10 minutes."

The company said it is looking for Commercial Driver's License drivers, seasonal delivery drivers and package handlers. UPS is offering a $250 bonus to current employees that refer seasonal hires.

Is Visa's alleged monopoly costing you?

The Department of Justice filed an antitrust lawsuit against Visa , accusing the company of running a debit card monopoly that imposed “billions of dollars” worth of additional fees on American consumers and businesses.?

While Visa's fees are paid by merchants, the Justice Department said costs are passed along to consumers through higher prices or reduced quality.

“As a result, Visa’s unlawful conduct affects not just the price of one thing – but the price of nearly everything.” Attorney General Merrick Garland said in a news release.?

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Ming Hai Chow

revenue | resiliency | innovation | analysis | art & culture | economy | luxury | sustainability | hospitality | gender equality | growth | philosophy | history

1 个月

No egg!

Pushpendra Jain, MD

Founder/CEO/Medical Director at Cookeville Clinic, PLLC & Affiliated Entities

1 个月

Cleared Misconception with Economic impacts and Temporary jobs will add to Consumer Confidence?

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