Plus, clothing brands cut back on quality to keep prices down, and people in North Carolina struggle to pay rent in the aftermath of Hurricane Helene.
High interest rates have held back investment in production. They’ve eased, but firms are wary of the effects of potential tariffs and tax cuts.
Shrinkflation is affecting clothing brands. Companies are attempting to balance quality with price for consumers.
That statistic has risen to almost a three-year high. But if the labor market continues to add jobs at current rates, losers may become winners.
The Biden administration’s taxes target Asian countries where Chinese producers moved after an earlier round of tariffs.
With no eviction moratorium and government assistance moving slowly, an Asheville church is helping keep hundreds of residents in their homes.
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