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With Grocery Prices Soaring, This High-Tech Food Play Belongs on Your Shopping List

Aside from the continued sell-off in U.S. tech stocks, one of yesterday’s top financial news stories was the fact that U.S. inflation is accelerating – and at a pace that’s exceeding forecasts.

And the surge in food prices is one of the big catalysts…

  • Jobless Claims

  • Unemployment Monkey Loosens Grip On Economy's Back Is the dark cloud of joblessness finally starting to dissipate? Key indicators suggest it is, and while this will be a slow-moving dissipation, top economists as well as the U.S. Federal Reserve now say the picture for the coming months looks a little less bleak. Unemployment, considered to be one of the darkest spots of […] Read More...
  • Soaring Productivity, Drop in New Benefits Claims Provide Silver Lining in the Dour Jobs Market Productivity at U.S. businesses blew away forecasts in the third quarter and initial unemployment claims dropped to a 10-month low last week the Labor Department said Thursday. The reports raised hopes that the labor market may be starting to bottom.

    The news sent the stock markets soaring as the Dow Jones Industrial Average rose 204.05 points, or 2.08%%, to close at 10,006.19, while the Standard & Poor's 500 Index popped 20.13 points, or 1.92%, to close at 1,066.63 and the Nasdaq Composite Index gained 49.8 points, or 2.42%, to close at 2,105.32.

    Business productivity rose a higher-than-expected 9.5%, its fastest pace in six years, as companies squeezed more output from fewer workers. A survey of analysts by Reuters had projected productivity, or output per hour per worker, to rise at a 6.4% rate in the third quarter. Read More...
  • Government Looks to Extend Jobless Payments as Unemployment Soars With unemployment expected to remain at its highest level in decades for at least another year, the government is considering another extension of jobless benefits to help the unemployed. The House of Representatives will vote next Wednesday on a new measure that would extend jobless benefits for an additional seven weeks nationwide and for 13 […] Read More...
  • New Data Show Slow Recovery for U.S. Housing and Unemployment Recent data suggests that crises in the job and housing markets have begun to subside. But a thorough examination of the numbers suggests the U.S. economy still has a lot of healing to do. Government reports released today (Thursday) revealed the number of Americans filing initial claims for unemployment benefits was lower than forecast last […] Read More...
  • Retail Sales Rise but Unemployment Dampens Outlook By Jason SimpkinsManaging EditorMoney Morning Retail sales unexpectedly rose in January – halting a record six-month skid – but the upbeat report could easily be a one-month wonder, since U.S. unemployment continues to climb. Sales at U.S. retailers rose 1% in January, the largest monthly increase since November 2007, and followed a 3% drop in […] Read More...