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Global coffee, cacao prices reach historic highs due to climate change

Global coffee, cacao prices reach historic highs due to climate change

by Jiana Smith | May 20, 2024 | Featured, Inflation, Retail, Trade

Kinani Ahmed, owner of Sextant Coffee Roasters in San Francisco, opened his roastery in 2014 with a goal of sharing the finest coffees of Ethiopia with others.  But since the COVID-19 pandemic, that goal has become more and more expensive. The civil war in Ethiopia,...
Five Things to Watch For in March’s Retail Sales Report

Five Things to Watch For in March’s Retail Sales Report

by Jiana Smith | Apr 15, 2024 | Featured, Inflation, Retail

The U.S. Census Bureau will release its monthly retail sales report on Monday. Economists surveyed by Bloomberg expect a 0.4 percent gain in retail sales for March. Thus far, retail sales have trended softer this year than in 2023, with an unexpected 1.1 percent drop...

February sales fall short of expectations, though consumers are expected to remain strong

by Jiana Smith | Mar 23, 2024 | Retail

US retail sales rose less than expected in February, a possible sign of a softer economy, but not necessarily of consumer weakness. February retail sales rose a seasonally adjusted 0.6 percent according to a Census Bureau report on Thursday. This was lower than the...

Black business owners struggle as lending standards remain tight

by Jiana Smith | Mar 20, 2024 | Featured, Inflation, Uncategorized

Fashion stylist Daun Green started her company Dusk ‘Til Dawn in her home in 2015. However, as she booked more film and photo shoots and found herself carrying more supplies, she knew she needed a change of pace–a truck and a showroom. Green decided to apply for a...

January Retail Sales Show Unexpected Decline, Though Downturn Remains To Be Seen

by Jiana Smith | Feb 21, 2024 | Featured, Retail

 US retail sales dropped more than anticipated in January, a sign of economic slowdown, but not necessarily a sign of oncoming recession. January retail sales declined a seasonally adjusted 0.8 percent according to a Census Bureau report on Thursday, lower than the...

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About Us

Welcome to Dismal Science, a site covering the economy produced by young journalists in New York City. Email the editor Greg David at gregdavid49@gmail.com.

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