DIRS.INFO The most relevant business & tech news

☆ Fact check: Sea levels are already rising faster per year than Trump claims they might rise over ‘next 497 years’
▼ + stars: | 2024-06-28 | by ( Daniel Dale | ) edition.cnn.com time to read: +3 min

And he said of Biden: “He said it again last night, that global warming is an existential threat. The global average sea level is currently rising more per year than Trump claimed that people say it will rise “in the next 497 years.”NASA reported in March that the current global average sea level rise in 2023 was 0.17 inches per year, more than double the rate in 1993. And a World Meteorological Organization report this year said the rate of sea level rise between 2014 and 2023 was about 0.19 inches per year. In other words, sea level rise is already more than an eighth of an inch annually – and it is accelerating. In fact, Trump’s claims about sea levels are highly inaccurate for the area near Mar-a-Lago, which is on the Atlantic.

Persons: Donald Trump, Joe Biden’s, ” Trump, Biden, “, Trump, Gary Griggs, Griggs Organizations: CNN, NASA, Meteorological Organization, University of California, Oceanic Locations: Virginia, Santa Cruz, Gulf of Mexico, Trump’s, Florida, Mar

☆ U.S. oil trades near two-month high, heads for third-straight weekly gain on Israel-Hezbollah war fears
▼ + stars: | 2024-06-28 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

U.S. crude oil on Friday traded near a two-month high and is on pace for a third-straight weekly gain as fears of war between Israel and the Iran-backed militia Hezbollah grow. West Texas Intermediate hit an intraday high of $82.72 per barrel, the highest level for the U.S. benchmark since April 30. U.S. oil is up about 1.8% for the week and 6.7% for the month of June. Hezbollah could target Israel's offshore gas operations if war breaks out, and Israel could seek to hit Iranian oil facilities, according to RBC Capital Markets. There is also a risk that Iran could attack tankers in the straight of Hormuz or abandon a détente with Saudi Arabia and hit the kingdom's oil facilities, according to the firm.

Persons: Brent, stoking, Saudi détente, Helima Organizations: Hezbollah, Texas Intermediate, RBC Capital Markets, Pentagon, NBC News, The State Department, U.S, RBC Locations: Khiam, Lebanon, Israel, Gaza, Iran, U.S, Hormuz, Saudi Arabia, Saudi

☆ Trump lied and misled. He still won the debate against Biden.
▼ + stars: | 2024-06-28 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

Read previewFormer President Donald Trump, 78, may have lied throughout the first presidential debate of the 2024 election, but the evening still may have provided a lift for his campaign as President Joe Biden, 81, struggled to find his footing during the debate. Trump and Biden had their first face-off on Thursday evening, breaking with election norms by holding a debate months before voters head to the polls in November. CNN's fact-checker, Daniel Dale, estimated that Trump said false or misleading statements 30 times during the debate. Throughout the Thursday debate, Biden's voice sounded raspy as the president struggled at moments to hold in a cough. "That's a question we can't answer because we've never had a debate this early," Siegfried told BI.

Persons: —, Donald Trump, Joe Biden, Trump, Biden, Evan Siegfried, Daniel Dale, Robert Hur, he's, Siegfried, Obama White, David Axelrod, we've, Obama, Mitt Romney Organizations: Service, Business, CNN, GOP, Biden, Associated Press, The New York Times, Obama Locations: Mexico, China, Denver

☆ 'Black jobs'? Trump draws pushback after anti-immigration rant
▼ + stars: | 2024-06-28 | by ( Rob Wile | Char Adams | ) www.cnbc.com time to read: +6 min

What exactly are "Black jobs" — and are they really at risk from the recent surge of immigrants? "They're taking Black jobs, and they're taking Hispanic jobs, and you haven't seen it yet, but you're going to see something that's going to be the worst in our history." It's true that Black workers have historically been overrepresented in certain sectors like government and home health care. When it comes to pay, inflation-adjusted weekly earnings for Black workers reached a two-decade high of $314 under Trump. But amid persistent inflation and a cooling job market, Black workers' average weekly earnings declined in the most recent quarter to $293.

Persons: Donald Trump, Joe Biden, Derrick Johnson, Johnson, Trump, —, Clinton, Keisha Lance Bottoms, Cherron Perry, Thomas, Biden, haven't, Seth Anderson Organizations: Republican, NAACP, NBC, Black, Americans, Biden, Trump, U.S, Former Atlanta, NBC News, Labor Statistics, Economic Policy Institute Locations: Atlanta , Georgia, U.S, U.S ., Pennsylvania

☆ Wall Street praises Eaton's AI bona fides. But don't overlook our other data center play
▼ + stars: | 2024-06-28 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim Cramer described the PCE report as "very good," representing an encouraging sign that the central bank's fight against inflation has been working. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jim, Donald Trump's, Friday's, there's, Raymond James, Eaton, Jim Cramer's, DOV, ETN Organizations: CNBC, Federal Reserve, Nasdaq, Dow, Apple, Vision, Nvidia Locations: China, Hong Kong, Japan, U.S, Dover

☆ Stocks making the biggest moves premarket: Nike, Trump Media & Technology, Infinera
▼ + stars: | 2024-06-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Nike — Nike shares sank more than 14% after the athletic retailer posted disappointing revenue for the recent quarter and cut its guidance, saying it expects sales to drop 10% in the current period. Trump Media & Technology — Shares of Trump Media & Technology jumped more than 10% on the heels of the first presidential debate between former president Donald Trump and President Joe Biden. JPMorgan upgraded Digital Realty Trust to overweight, saying that shares look poised to benefit from AI and cloud growth. SAP — SAP rose about 1% before the bell. BMO Capital Markets upgraded shares to outperform and lifted its price target, citing "high visibility" into bookings and revenue.

Persons: Donald Trump, Joe Biden, Infinera, —, Jesse Pound Organizations: Nike — Nike, Trump Media & Technology, Nokia, JPMorgan, Realty Trust, SAP, BMO Capital Markets

Washington CNN —President Joe Biden’s debate performance has set off alarm bells among top Democrats, leaving some to openly question whether Biden can stay atop of the Democratic ticket. Pressed by Cooper on Biden’s performance, Harris offered a defense of her boss. Austin Steele/CNNBiden brushed off concerns about his debate performance, telling reporters that he thought he performed well while visiting patrons at a Waffle House after the debate. When asked about calls for him to drop out and if he had any concerns about his debate performance, Biden attacked former president Donald Trump. Democratic Party officials questioned why Biden missed other opportunities to slam Trump’s comments, particularly on the issue of abortion.

Persons: Joe Biden’s, Biden, ”, David Axelrod, Axelrod, Donald Trump, Trump’s, Kamala Harris, Joe Biden, ” Harris, CNN’s Anderson Cooper, Cooper, Harris, “, I’m, Trump, Austin Steele, CNN Biden, ” Biden, who’s, Gavin, Newsom, Gretchen, Whitmer, I’d, “ Trump, Kate Bedingfield, ” Bedingfield, “ Biden, Trump’s mistruths, Jill Biden, Jake Tapper, Dana Bash, Will Lanzoni, Jill, Joe Organizations: Washington CNN, Democratic, CNN, Capitol, White House, Waffle, “, Biden, Convention, Biden White House Locations: United States, Chicago, Trump’s

☆ Scientists inject rhinos with radioactive material in attempt to curb poaching
▼ + stars: | 2024-06-28 | by ( Story The Associated Press | ) edition.cnn.com time to read: +3 min

Mokopane, South Africa AP —Researchers in South Africa have injected radioactive material into the horns of 20 rhinos as part of a research project aimed at reducing poaching. This week, researchers at the University of the Witwatersrand ‘s Radiation and Health Physics Unit in South Africa injected 20 live rhinos with these isotopes. It now stands at around 27,000 due to continued demand for rhino horns on the black market. South Africa has the largest population of rhinos, an estimated 16,000, making it a hotspot with more than 500 rhinos killed every year. Denis Farrell/APThe country experienced a significant decline in rhino poaching around 2020 at the height of the Covid-19 pandemic, but the numbers increased when virus lockdown restrictions were eased.

Persons: ”, James Larkin, Denis Farrell, “ We’ve, they’ve, Larkin, “, Pelham Jones, Nithaya Chetty Organizations: South Africa AP —, University of, Witwatersrand, Unit, International Union for Conservation of Nature, Rhino Owners Association Locations: South Africa

☆ Microsoft and Eli Lilly are among the most overbought stocks as the first half ends
▼ + stars: | 2024-06-28 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Shares of Microsoft registered a 14-day RSI reading of 74. MSFT YTD mountain MSFT YTD Shares of Eli Lilly are also overbought, with a 14-day RSI of 83, putting the drug manufacturer at the top of the list. FedEx is also overbought, with a 14-day RSI of 77. Among the oversold names, Walgreens Boots Alliance and Waters Corporation top the list with a 14-day RSI reading of 20, followed by Pool Corp . with an RSI reading of 22.

Persons: Friday's, Wall, Eli Lilly, Eli Lilly's Organizations: Dow Jones, Nasdaq, Nvidia, Microsoft, CNBC Pro, Union, FedEx, Walgreens Boots Alliance, Waters Corporation, Pool Corp, Walgreens

☆ Opinion | Joe Biden Is a Good Man and a Good President. He Must Bow Out of the Race.
▼ + stars: | 2024-06-28 | by ( Thomas L. Friedman | ) www.nytimes.com time to read: +2 min

I watched the Biden-Trump debate alone in a Lisbon hotel room, and it made me weep. I cannot remember a more heartbreaking moment in American presidential campaign politics in my lifetime — precisely because of what it revealed: Joe Biden, a good man and a good president, has no business running for re-election. And Donald Trump, a malicious man and a petty president, has learned nothing and forgotten nothing. The Biden family and political team must gather quickly and have the hardest of conversations with the president, a conversation of love and clarity and resolve. The Republican Party — if its leaders had an ounce of integrity — would demand the same, but it won’t, because they don’t.

Persons: Joe Biden, Donald Trump, Biden, Trump, Kamala Harris Organizations: Biden, Trump, Democratic National Convention, Republican Party, Democrats, Democratic, Atlanta, America Locations: Lisbon, America, Chicago

3:10Facing Trump’s Misleading Attacks, Biden Appears ShakyNOW PLAYINGOur Reporter on the Shape-Shifting MaldivesLIVEWhat to Expect in the First Debate2:01The Cottage Industry Spawned From a Video Game2:53Our Reporter on How Pharmacy Benefit Managers Work1:48A Look at One Way California Is Tackling Homelessness2:30Republicans Seek Retribution After Trump Conviction3:19High Interest Rates Are Hitting Poorer Americans the Hardest2:14Inside a Factory Where a Home Is Made Every 30 Minutes1:25A Look at Saudi Arabia’s Big Bet on Tourism2:47What to Know About Biden’s Executive Order on Immigration2:31

Persons: Biden Organizations: Cottage Industry, Tourism Locations: California, Saudi, Bet

☆ European markets head for negative open as inflation worries persist
▼ + stars: | 2024-06-27 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

A photo shows the bell during a bell ceremony of the Euronext Brussels Stock Exchange in Brussels on March 18, 2024. LONDON — European stocks are expected to open in negative territory Thursday as global inflation worries continue to rattle markets. Global market attention is shifting toward fresh U.S. inflation data on Friday, with May's personal consumption expenditures price index, the U.S. Federal Reserve's preferred inflation gauge, due to be released. Data releases in Europe Thursday include Italy's latest consumer and business confidence numbers, and Spanish retail sales. An EU leader' summit begins in Brussels on Thursday and the Bank of England publishes its latest Financial Stability Report.

Persons: Germany's DAX Organizations: Euronext Brussels Stock Exchange, LONDON, CAC, IG, Global, U.S, U.S . Federal, U.S ., Bank of England Locations: Brussels, U.S ., Asia, Pacific, Europe, EU

☆ Bronny James selected by Lakers with No. 55 pick in NBA Draft, joins father’s team
▼ + stars: | 2024-06-27 | by ( Mike Vorkunov | ) www.nytimes.com time to read: +4 min

Bronny James, the eldest son of Lakers star LeBron James, indeed has a home in the NBA, on his father’s team. “My dream has always just been to put my name out, make a name for myself, and, of course, get to the NBA,” James said at the NBA Draft Combine in May. Bronny: Los Angeles Laker. pic.twitter.com/TvhkzEs9sO — Los Angeles Lakers (@Lakers) June 27, 2024The Lakers went 47-35 last season, falling to the Denver Nuggets in the first round of the playoffs. pic.twitter.com/BnxozT7CGj — NBA (@NBA) June 27, 2024“It’s still lingering,” he said.

Persons: Bronny James, LeBron James, James ’, ” James, Bronny, James, BnxozT7CGj, “ It’s, ”, “, ” James ’, Bryce, Jason Merritt, stapled, LeBron, Rich Paul, @Lakers, ‘, ’ ”, I’ve, Jeff Haynes, NBAE Organizations: Lakers, NBA, Los Angeles Lakers, Los Angeles Laker, Denver Nuggets, LeBron, USC, State, ESPN, Cleveland Cavaliers, Getty, Phoenix Suns, Klutch Sports Locations: Los, Southern California, that’s

☆ Sri Lanka reaches deal on debt restructuring with bilateral creditors including China and France
▼ + stars: | 2024-06-27 | by ( ) www.cnbc.com time to read: +2 min

Sri Lanka's President Ranil Wickremesinghe announced a debt restructuring deal with countries including India, France, Japan and China in a televised address to the nation Wednesday. Sri Lanka President Media Division / Handout | Anadolu Agency | Getty ImagesSri Lanka's President Ranil Wickremesinghe announced a debt restructuring deal with countries including India, France, Japan and China in a televised address to the nation Wednesday. Furthermore, Sri Lanka will be able to repay all the loans on concessional terms, with an extended period until 2043. By 2022, Sri Lanka had to repay about $6 billion in foreign debt every year, amounting to about 9.2% of gross domestic product. The agreement would enable Sri Lanka to maintain debt payments at less than 4.5% of GDP between 2027 and 2032.

Persons: Ranil Wickremesinghe, Sri Lanka, Wickremesinghe Organizations: Sri, Sri Lanka President Media, Anadolu Agency, Getty, International Monetary Fund, China's Exim Bank Locations: India, France, Japan, China, Sri Lanka, Paris, Beijing, Sri Lankans

☆ A millennial added foldable pieces to her 312-square-foot studio. It now transforms into 4 different rooms. Take a look.
▼ + stars: | 2024-06-27 | by ( Maria Noyen | ) www.businessinsider.com time to read: +1 min

L'Espérance and Putman wanted to get a sense of Zhao's personality and lifestyle before making major design decisions. Nicholas WorleyL'Espérance and Putman had relocated to Canada when Zhao got in touch, but taking on a renovation from afar wasn't an issue. It was the middle of the COVID-19 pandemic, so they were doing most of their work from home, L'Espérance told BI. But before taking Zhao's project on, the architects had her fill out their standard client questionnaire to learn about herself and her lifestyle. "We got a sense of what she liked doing, where she works, and what are important things to her," she said.

Persons: Putman, Helen Zhao, Nicholas Worley L'Espérance, Zhao, L'Espérance Organizations: Sustainability Locations: Canada

☆ I doubled my salary by becoming a travel nurse. You can't just wait around for a raise — you need to take bold actions.
▼ + stars: | 2024-06-27 | by ( Jen Glantz | ) www.businessinsider.com time to read: +7 min

Courtesy of Louie ChanWhen the COVID-19 pandemic started, I heard there was a bigger need than usual for travel nurses. I decided to take a leap of faith, leave my family behind, and move to Texas for my first gig as a travel nurse. A typical travel nursing job lasts 13 weeks, and the rates fluctuateHospitals bring in travel nurses because they're short-staffed. Related storiesBecause travel nurses live away from home, we're given a tax-free stipend that covers housing and meals. I've always been interested in living in another country like Japan or Australia and would consider taking a travel nursing job abroad.

Persons: —, Louie Chan, Chan, It's, I've, I'd Organizations: Service, Business, Stanford Hospital, Travel, CPA Locations: Bay, California, Texas, Cedars, Sinai, Los Angeles, Palo Alto, Japan, Australia

☆ Monaco is the world's most expensive place to rent. A monthly budget of $30K will get you a 1,200-square-foot apartment.
▼ + stars: | 2024-06-27 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +1 min

Monaco is the world's most expensive residential rental market, according to Knight Frank. While a $30,000 budget would only get you a modest two-bed apartment, per The Wall Street Journal. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMonaco is the world's most expensive luxury rental market, according to analysis provided to The Wall Street Journal by global real estate agency Knight Frank. According to the analysis, the starting price in Monaco to rent a 1,100-square-foot apartment is 36% higher than in Hong Kong, the second most expensive city, followed by Singapore and London.

Persons: Knight Frank, — Organizations: Monaco, Street, Service, Wall, Business Locations: Monaco, Hong Kong, Singapore, London

☆ Los Angeles Lakers select Bronny James, son of LeBron James, with No. 55 pick in the NBA Draft
▼ + stars: | 2024-06-27 | by ( Homero De La Fuente | ) edition.cnn.com time to read: +1 min

CNN —The Los Angeles Lakers have selected Bronny James, the eldest son of superstar LeBron James, with the 55th pick in the 2024 NBA Draft on Thursday. While in high school at Sierra Canyon, James was named a 2022-23 McDonald’s High School All-American and was considered the No. Meanwhile, LeBron James has previously spoken of his strong desire to play with his son in the NBA. “My last year will be played with my son,” James told the Athletic in 2022. Bronny James will have a chance to make his first appearance wearing a Lakers uniform during the 2024 NBA Summer League from July 12 through July 22.

Persons: James, LeBron James, Bronny James, ”, “, ” James, It’s Organizations: CNN, Los Angeles Lakers, Lakers, University of Southern, USC, ESPN, NBA, Athletic, League Locations: University of Southern California, Sierra, that’s

☆ Home prices begin to cool as active listings jump 35%
▼ + stars: | 2024-06-27 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +1 min

Some of the heat is coming out of home prices, even though they're still higher than they were a year ago. Several new reports show the price gains are shrinking and home sellers are starting to give in after a stagnant spring market. A year ago at that time the typical home was selling at list price. Two years ago it was selling at about 2% above list price. While most sellers are still listing their homes at higher prices than comparable homes sold for a year ago, some are conceding that they simply can't command those prices.

Persons: they're

☆ Drug prices have risen almost 40% over the last decade, according to a new tracker
▼ + stars: | 2024-06-27 | by ( Justine Fisher | ) www.cnbc.com time to read: +2 min

The average American spends $16.26 out of pocket per prescription, according to the data. "Rising costs or rising prices are a big part of it, but it's really that with the combination of increased friction. On average, Americans pay 2 to 3 times more for prescription drugs than consumers in other developed countries, according to the White House. The Biden administration has taken several measures to lower out-of-pocket drug expenses. On Wednesday, the White House announced it would lower prices on 64 prescription drugs for some Medicare beneficiaries as a result of inflation penalties on drugmakers.

Persons: Tori Marsh, GoodRx, Marsh, Joe Biden, Biden, Scott Wagner, — CNBC's Annika Kim Constantino Organizations: House, White House Locations: U.S

☆ Bronny James picked up by the Lakers in second round of NBA draft
▼ + stars: | 2024-06-27 | by ( David K. Li | Rebecca Cohen | ) www.cnbc.com time to read: +2 min

Bronny James #0 of the Sierra Canyon Trailblazers is greeted by his father and NBA player LeBron James after defeating the the Perry Pumas in the Hoophall West tournament at Footprint Center on December 11, 2021 in Phoenix, Arizona. James was picked up by the Los Angeles Lakers, where he will join father LeBron James on the court next season, during the second round of the draft on Thursday. The first round of the NBA Draft came and went Wednesday night without Bronny James being called out at Barclays Center in Brooklyn. LeBron James has until Saturday to decide whether he wants to stay with the Lakers, where he's played since 2018-19. At the ancient basketball age of 39, Lebron James remarkably remains one of the game's most dynamic players.

Persons: Bronny James, LeBron James, James, he's, Dell, Steph Curry, Lebron James Organizations: NBA, Perry Pumas, Footprint Center, Los Angeles Lakers, Barclays Center, Lakers, University of Southern, USC, Southern Locations: Phoenix , Arizona, Brooklyn, University of Southern California

☆ Yen weakens past 160 against the dollar, reigniting intervention speculation
▼ + stars: | 2024-06-27 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Persistent weakness in the yen is raising concerns about the potential for a resurgence in cost-push inflation, likely weighing on private consumption. Bloomberg | Bloomberg | Getty ImagesThe Japanese yen hit a near-38 year low against the U.S. dollar late Wednesday, raising expectations that authorities could intervene in currency markets again. Stock Chart Icon Stock chart iconThe last time the yen crossed the 160 level, the currency subsequently strengthened sharply during the trading session, prompting analysts to speculate about an intervention. Japan's Ministry of Finance later confirmed the intervention in May, saying that it had spent 9.7885 trillion yen ($62.25 billion) on currency intervention between April 26 and May 29, according to a Google-translated statement. That was the first time that the Japanese government has undertaken such a market measure since October 2022, according to ministry records.

Organizations: National Printing Bureau, Bloomberg, Getty, U.S ., Japan's Ministry of Finance Locations: National Printing Bureau Tokyo, Tokyo, Japan

☆ YouTuber Marques Brownlee breaks down how he makes money — and his response to critics of his negative reviews
▼ + stars: | 2024-06-27 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

15-year YouTube vet Marques Brownlee has 1,200 videos and 15 employees under his belt. Brownlee said he doesn't care how companies feel about his negative reviews. AdvertisementMarques Brownlee, one of YouTube's premier tech reviewers — and Team USA Ultimate Frisbee player — shared a fresh look into his enduring success. In an interview on Ben Thompson's Stratechery podcast, Brownlee recounted launching his YouTube channel roughly 15 years ago. This story is available exclusively to Business Insider subscribers.

Persons: Marques Brownlee, Brownlee, —, Ben Thompson's Organizations: YouTube, Service, Business

☆ The housing market is ‘stuck’ until at least 2026, Bank of America warns
▼ + stars: | 2024-06-27 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

Economists at Bank of America warned this week that the US housing market is “stuck and we are not convinced it will become unstuck” until 2026 — or later. And mortgage rates may not fall much — even if the Federal Reserve finally delivers long-delayed interest rate cuts. There isn’t a magic fix,” Michael Gapen, head of US economics at Bank of America, told CNN in a phone interview. However, Bank of America expects housing starts — which is a measure of newly constructed homes — to remain flat for the coming years. Divide between haves and have-notsThe forecast for a “stuck” housing market cuts both ways.

Persons: unstuck, —, Michael Gapen, “ It’s, ”, ‘, Dave Liniger, ” Liniger, Liniger, “ Don’t Organizations: New, New York CNN, Bank of America, Federal Reserve, CNN, ”, ” Bank of America, Gallup Locations: New York, America

☆ Here's why your July 4th barbecue may be pricier this year
▼ + stars: | 2024-06-27 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Miodrag Ignjatovic | E+ | Getty ImagesAmericans firing up their grills for Fourth of July celebrations will likely pay more for some traditional barbecue staples this year. The average cookout for 10 people will cost $71.22 this year, up 5% from 2023 and about 30% five years ago, according to an American Farm Bureau Federation estimate. That said, consumers have seen prices fall for some specific barbecue items like chicken breast and potatoes, the Farm Bureau said. Meat (including ground beef, pork chops and chicken breast) accounts for 50% of the total cost of an Independence Day barbecue, according to the Farm Bureau. Two pounds of potatoes cost $1.53, down 17%, the Farm Bureau said.

Persons: Miodrag Ignjatovic, That's, Courtney Schmidt, Luke Sharrett, Adene Sanchez, Schmidt Organizations: Getty, American Farm Bureau, Food Institute, CNBC, Farm Bureau, Bloomberg, Farm Locations: U.S, Wells, Wells Fargo's, Louisville , Kentucky, Wells Fargo

Search resuls for: "19"

25 mentions found