Global coffee bean shortages and rising fuel prices are hitting cafes hard, with price spikes here to stay

How much are you willing to pay for a cup of coffee? Key points: Cafe owners pass on rising coffee prices to consumers Input costs are rising due to high oil prices and low grain supplies Staffing shortages add to the pressures facing businesses Economist warns pressures won’t ease until next RBA interest rate hike … Read more

US industrial production up sharply in March

Numbers: Industrial production jumped 0.9% in March, the Federal Reserve reported on Friday. The gain was well above Wall Street expectations of a 0.4% gain, according to a Wall Street Journal survey. Additionally, February’s gain has been revised up to 0.9% from the initial estimate of a 0.5% increase. For the first quarter as a … Read more