America just lost as much as 15% of its small-batch trucking capacity — and consumers are likely to feel the effects via higher prices as the holiday season rolls around. On Monday, Yellow, a 100-year-old carrier that built its business on combining multiple smaller shipments into a single truckload, filed for bankruptcy. The company had… Continue reading Price hikes loom for consumers with the loss of Yellow trucking
Tag: consumers
Trump pleads not guilty and phony Wells Fargo accounts confound consumers: Morning Rundown
Donald Trump’s indictments motivate throngs of small-dollar donors. Dozens of people report bank accounts in their name at Wells Fargo even though they’re not customers. And scientists think they’ve identified the heaviest animal to ever live. Here’s what to know today. Trump pleads ‘not guilty’ to illegally trying to overturn 2020 election In a Washington,… Continue reading Trump pleads not guilty and phony Wells Fargo accounts confound consumers: Morning Rundown
What a U.S. credit downgrade means for taxpayers and consumers
The U.S. had its credit rating downgraded by ratings agency Fitch on Tuesday. What does that mean for the average taxpayer and consumer? In the immediate term, not much will change for them, economists say. “For most consumers, it’s a nonevent,” said Gus Faucher, senior vice president and chief economist at PNC Financial Services Group. Following… Continue reading What a U.S. credit downgrade means for taxpayers and consumers