According to PwC, Thanksgiving dinner is expected to cost the average American family about $90, up from $88 last year, as food prices rise amid inflation at a 4-month high driven by the Iran war's effect on gasoline prices. Turkey is forecast to cost nearly 8% more, and cranberry prices are expected to rise nearly 15% due to a smaller harvest and higher production costs. A bright spot is butter, down 10%, and cream, down 6%, which will offset some of the increases. Experts recommend preparing early and buying shelf-stable essentials that go on sale ahead of time. Aldi's Thanksgiving basket for a party of 10 is priced under $39, while Sam's Club's meal deal costs about $160 and feeds up to 16 people.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Thanksgiving food forecast : Prices going up , but there are bright spots
Read the original on abc7ny.com ↗
Related news
- Thanksgiving food forecast : Prices going up , but there are bright spots
Grocery prices are rising ahead of Thanksgiving, which is six weeks away, with PwC expecting the average American family to spend about $90 this year versus $88 last year. Turkey is forecast to cost nearly 8% more and cranberries about 15% more due to a smaller harvest and higher production costs, while butter is down 10% and cream down 6%. The increases come as inflation hit a four-month high amid the Iran war's effect on gasoline prices. Experts advise planning early and buying shelf-stable essentials ahead of sales, and retailers such as Aldi (a meal basket for 10 under $39) and Sam's Club (about $160 for up to 16 people) are offering deals.
- Thanksgiving food forecast : Prices going up , but there are bright spots
PwC estimates Thanksgiving will cost the average American family about $90 this year, up from $88 last year, as grocery prices rise amid a 4-month high in inflation driven partly by higher gasoline prices from the Iran war. Turkey is expected to cost nearly 8% more than last year, and cranberry prices are forecast to rise nearly 15% due to a smaller harvest and higher production costs. Some offsets exist, as butter is down 10% and cream down 6%. Experts advise shopping early for shelf-stable essentials, and retailers are promoting deals, including Aldi's basket for a party of 10 under $39 and Sam's Club's roughly $160 meal that feeds up to 16 people.
- Boomers are buying into the promise of monthly income from options ETFs, but there's a tax catch
Covered call ETFs, which hold stocks and sell call options to generate regular income, have attracted investors seeking monthly cash flow, but they can create tax surprises. Their distributions may include ordinary dividends, capital gains and return of capital, and return of capital reduces cost basis, so tax is deferred until shares are sold, often leaving a higher capital gains tax bill later. Advisers quoted in the article warn that after-tax returns may fall short of expectations and that investors often discover the tax impact only at tax time, so holding these funds in tax-deferred accounts such as a traditional IRA is suggested. The article also points to the Morningstar Tax Cost Ratio, which measures how much taxes on distributions reduce a fund's annualized return.
- Minnesota Helium Opportunity Is Huge , But There A Big Hurdle
Pulsar Helium is developing its Topaz project near Babbitt, Minnesota, where it has discovered a huge helium deposit. The company plans a rare gas hub in Two Harbors to process helium and other gases from the project, which Fox21 says will be one of the 5 biggest of its kind. Pulsar is working with the state on approval for full-scale drilling, but so far work has been exploratory and drilling has never taken place in Minnesota, so regulations must be built from scratch. Pulsar President Cliff Clain sees the project revitalizing industries such as shipbuilding, aerospace and semiconductors in the Northland.
- This High - Yield Stock Pays Investors 7 % + , but There a Catch
- Gold price today : Gold rate recovers after consecutive losses but there is a concern . Details here
Related markets
Latest news
- Bitcoin ETFs just saw their biggest day in a month thanks entirely to BlackRock
U.S. spot bitcoin ETFs took in $526.6 million on Monday, the largest daily net inflow in nearly a month, driven entirely by BlackRock's iShares Bitcoin Trust (IBIT), which pulled in $665.2 million, its biggest daily inflow since Oct. 7 last year, according to SoSoValue data. Fidelity's FBTC lost $83.6 million and Grayscale's GBTC shed $54.9 million, while the remaining funds recorded no net flows. The inflow more than erased last week's $228.5 million of withdrawals, but funds remain about $90.5 million in net outflows for October, according to CoinDesk calculations. Ether funds moved the opposite way, losing $103.3 million in their fourth consecutive session of outflows, with BlackRock's ETHA accounting for $95.4 million of that.
- A Big4 bank cut deposit rates in the morning, then raised them again in the afternoon
VietinBank cut its deposit rates for terms of 6 months and longer on the morning of Oct. 20, then restored them to pre-adjustment levels by the afternoon. Its afternoon rate board showed 3.5% per year for 6 to under 12 months, 5.9% for 12 to under 24 months and 6% for 24 months and longer, versus 3%, 5.4% and 5.5% in the morning. Rates for terms under 6 months stayed unchanged, including 2.1% for 1 to under 3 months and 2.4% for 3 to under 6 months. The move came as banks followed the State Bank of Vietnam's guidance to cut deposit rates by at least 0.5 percentage points for terms of 6 months and longer, and Vietcombank and Agribank were among those reducing rates.
- IVV vs. SPY: Which S&P 500 ETF Is the Better Buy for Long-Term Investors?
The article compares two ETFs that track the S&P 500, iShares Core S&P 500 ETF (IVV) and State Street SPDR S&P 500 ETF (SPY), which have nearly identical holdings. The main difference is the expense ratio: IVV charges 0.03% a year, one-third of SPY's 0.09%, and its distribution yield is about 1.1% versus 1% for SPY. SPY's high liquidity remains valuable for active traders. The article concludes that IVV is the better choice for long-term investors, since lower costs can compound over time.
- Warren Buffett Is Issuing a Stark Warning About the Stock Market. Here's What History Says Comes Next.
Warren Buffett has warned that investors are taking on too much risk, likening the market to 'a church with a casino attached' and saying people have never been in a more gambling mood. The article points to the S&P 500 Shiller CAPE Ratio, which has stayed above 40 since May of this year; historically, the only other time it held above that level for months was during the dot-com bubble, when it peaked around 44 before the bear market began in March 2000. The article notes that 40 is not an automatic trigger for a downturn, and no metric can predict timing. It suggests investors focus on quality stocks with solid fundamentals and be ready to hold them for at least a few years.
- Early Uber Investor Jason Calacanis Predicts Waymo Could Buy Lucid Or Rivian — Calls Its Chinese-Car Optics ‘Really Bad’
Early Uber investor Jason Calacanis predicts Waymo will buy Lucid Group (LCID) or Rivian Automotive (RIVN), arguing that its reliance on Chinese-made Zeekr vehicles creates cost and reputational problems. He says the arrangement is technically not illegal today, but Waymo would need to pay a tariff of over 100%, and it has drawn national-security concerns on Capitol Hill. According to Semafor, Waymo aims to grow its fleet from about 4,000 vehicles to 8,000 by the end of 2026 and 20,000 by the end of 2027, after closing a $5 billion term loan and a $16 billion equity raise this year. Uber has committed to buying at least 35,000 Lucid vehicles, while its Rivian deal starts with 10,000 autonomous R2 SUVs, with rides expected to begin in 2028. Calacanis, who recently bought small stakes in Lucid, Rivian, WeRide (WRD) and Pony.ai (PONY), expects consolidation in the autonomous-driving sector within 24 months.
- Prediction: Oct. 21 Will Be a Huge Day for the Stock Market
The article predicts October 21 could be a pivotal day for the stock market, as Meta Platforms (META) becomes the first of the "Magnificent Seven" tech giants to report third-quarter earnings after the close. In its latest quarter, Meta's total revenue rose 28% to $60 billion, with ad revenue at $59 billion. Investors will be watching whether its capital spending, now about 35% of revenue, is translating into growth. Meta's report could hint at the earnings outlook for other tech giants and set the direction for the S&P 500 in the coming days, with the first trading session after the report on Thursday.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.