The flip side of inflation: “skimpflation” affects everything from food to hotels

The flip side of inflation: “skimpflation” affects everything from food to hotels

The highest inflation in 40 years prompted manufacturers to resort to “narrowing“, a cost-cutting tactic to reduce package sizes while keeping the price the same. Now companies are trying another way to save money: “skimpflation.” Some companies are reformulating their products using cheaper ingredients to reduce manufacturing costs, a ploy some have called skimpflation, according …

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Canada’s wealthiest households see their net worth plummet by 0,000 as earlier gains fade

Canada’s wealthiest households see their net worth plummet by $200,000 as earlier gains fade

Canada’s wealthiest households saw nearly $200,000 wiped out of their net worth in the second quarter of 2022. According to a Statistics Canada report released on Monday, a perfect storm of economic pressures led to a loss of wealth for households, as asset values ​​fell amid financial and housing market turmoil, while interest rates and …

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Expedia Group Open World™ Accelerator Program for Startups and SMBs Worldwide.

Expedia Group Open World™ Accelerator Program for Startups and SMBs Worldwide.

Application deadline: October 21, 2022 Expedia Group is excited to launch the Open World™ Accelerator, an initiative designed to advance innovation in the travel industry by helping startups and small and medium-sized enterprises (SMEs) accelerate their growth and innovate on its technology platform Specially designed Open World™. ELIGIBILITY If you are a startup or SME …

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Falling labor productivity could lead to stock market crash and recession

How long does it take for a server to bring your order to you? How many boxes can an Amazon employee fill in an hour? How many articles can I write per month? How efficient are American workers? While these questions might seem better suited to a performance review meeting, worker efficiency has huge implications …

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Posthate: Canada vs. the United States — Which country will take the biggest hit in an impending downturn?

Breadcrumb Links Summary Executive There are too many variables to determine who is about to endure the toughest ride, say CIBC economists Publication date : October 05, 2022 • 8 hours ago • 5 minute read • 5 comments The American and Canadian flags at the Peace Arch border crossing in Blaine, Washington. Photo by …

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Gold continues with strong bullish momentum and the potential to go higher

Gold continues to gain momentum with very strong technical potential to move significantly higher. Over the past five trading days, gold bottomed out at around $1621 and gained well over $100 in a short time. As of 5:21 p.m., EDT gold futures, the most active December contract, are currently trading at $1734.70 after factoring in …

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Why Credit Suisse is fighting rumors of a Lehman-style crash | Business and economy

Credit Suisse is at the center of market turmoil amid rumors the bank could be on the verge of collapse. Investors rushed to sell shares of the Zurich-based bank amid worries about its financial health as it prepares to unveil a costly restructuring plan due later this month. Speculation that the bank could go bankrupt …

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Paul Krugman warns Fed against fighting inflation, predicts rates near zero

Paul Krugman worries that the Federal Reserve is going too far in the fight against inflation. He noted that rate hikes have a delayed impact and pointed to signs of a cooling labor market. The economist predicted that rates would eventually return to near zero without causing inflation. Loading Something is loading. Paul Krugman warned …

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