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During a Senate Banking Committee hearing on Thursday, Sen. Sherrod Brown (D-OH) decried high consumer prices amid high corporate profits. <br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com

‘It’s Not Innovation— It’s Price Gouging’: Sherrod Brown Bemoans Inflation Caused By Corporate Greed

⏲ 6:55 👁 29.4M

the Insanly mentaly

Fat girl weight gain inflation feederism part 1

⏲ 1 minute 30 seconds 👁 35.7K

ramblerPL

Weight gain, belly inflation - TRAILER - coming soon!

⏲ 28 seconds 👁 1.5K

#GMAIntegratedNews #KapusoStream<br/><br/><br/>Breaking news and stories from the Philippines and abroad:<br/>GMA Integrated News Portal: http://www.gmanews.tv<br/>Facebook: http://www.facebook.com/gmanews<br/>TikTok: https://www.tiktok.com/@gmanews<br/>Twitter: http://www.twitter.com/gmanews<br/>Instagram: http://www.instagram.com/gmanews<br/><br/><br/>GMA Network Kapuso programs on GMA Pinoy TV: https://gmapinoytv.com/subscribe

PHL Statistics Authority – Inflation o antas ng pagtaas ng presyo noong Abril 2024, bumilis sa 3.8% | GMA Integrated News Bulletin

⏲ 1:41 👁 2.1M

Escalating ground rents and service fees have 13 per cent of London leaseholders considering selling up, new data from Barclays has revealed.That’s three time the national average of four per cent of leaseholders considering selling their hime.

Leasehold scandal: One in ten London leaseholders considering selling their homes over escalating costs

⏲ 0:45 👁 565K

Citi's chief U.S. economist Andrew Hollenhorst predicts a \

Citi Economist Predicts 'Hard Landing' for U.S. Economy, Expects Four Rate Cuts

⏲ 0:39 👁 415K

The Federal Reserve held its benchmark interest rate steady between 5.25% and 5.5% after its May policy meeting, opting not to cut rates. The Fed noted a \

Federal Reserve Maintains Interest Rates, Citing 'Lack of Progress.' Sees Future Rate Hikes 'Unlikely.'

⏲ 0:37 👁 965K

China saw a 28% increase in domestic tourism during the 5-day May Day holiday period compared to 2019. However, total tourism revenue was up only 13.% compared to 2019 due to travelers spending less per trip, with average spending down 6%. Weakening economic growth, job prospects, and the real estate downturn have made Chinese consumers more cautious in their spending. Retail sales growth slowed to just over 3% in March while consumer price inflation was a mild 0.1%, reflecting soft consumer demand.

China's Domestic Tourism Surges by 28% During May Day Holiday

⏲ 0:36 👁 355K

Inflation has made Series I savings bonds enormously popular with risk-averse investors. So how do they work?

What are I-Bonds?

⏲ 2:43 👁 900K

Retailers have announced price cuts on thousands of products in recent weeks in an effort to entice consumers to spend more. Inflation has pushed prices 20-30% higher than a year ago while incomes have failed to keep up. Discretionary spending on non-essential items has slowed, so retailers are hoping price cuts will convince consumers to purchase more optional items. Overall retail sales in March rose only 0.7% month-over-month, a slower pace than in February. Consumer spending, which drives two-thirds of the US economy, has weakened as higher prices cut into household budgets.

Retailers to Slash Prices to Combat Inflation's Squeeze on Consumer Spending

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Turkey's inflation rate accelerated to nearly 70% annually in April. This is the highest annual increase since November 2022, when it reached approximately 85%. Prices rose over 3% on a monthly basis, driven by increases in alcohol, tobacco, hotels, and restaurants. While high, the April inflation rate was lower than analysts' expectations. Turkey's central bank hiked rates to 50% to combat inflation, saying tight policy would continue until prices reliably declined. Analysts say inflation may fall in the second half of 2024 but are less optimistic about the pace of decrease.

Turkey's Inflation Rate Surges to an Alarming 70%, Central Bank Implements Massive 50% Rate Hike

⏲ 0:40 👁 980K

Yum! Brands, owner of KFC, Taco Bell, and Pizza Hut, reported a 3% decline in same-store sales for the first quarter, which was expected due to inflation, consumer demand pressures, and geopolitical issues. Pizza Hut and KFC saw same-store sales declines of 7% and 2%, while Taco Bell grew by 1%. Starbucks reported a 4% drop in global comparable store sales driven by a 6% transaction decline, as more cautious consumers cut back. McDonald's comparable sales grew just under 2% in the first quarter, as the CEO noted broad consumer price pressures reducing discretionary spending.

Fast Food Restaurants Reports Decline in Same-Store Sales, Reflecting Inflation and Consumer Pressures

⏲ 0:48 👁 980K

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