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U.S. Inflation Climbs at Highest Rate Since 1982

Federal Reserve Cuts Interest Rates

The U.S. Bureau of Labor Statistics reported that the Consumer Price Index for All Urban Consumers, which measures U.S. inflation, increased 0.6 percent in January. The all items index increased 7.5 percent before seasonal adjustment, the largest 12-month increase since …

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Ace Foundation Announces 2022 Ace Cares for Kids All-Star

Ace cybersecurity incident

The Ace Hardware Foundation named 4-year-old Nile Kron of Iowa City, Iowa, as it’s ninth Ace Cares for Kids All-Star with a surprise event that included the Ace Hardware Foundation, Ace retailers, University of Iowa Stead Family Children’s Hospital and …

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U.S. Sees a Boost in Store Openings in 2021

stores openings

After the pandemic hit in early 2020, businesses across all industries took a huge hit with many closing permanently. The exact numbers are difficult to calculate, but the Federal Reserve estimates that 200,000 more businesses closed in 2020 than in …

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CNRG Acquires HomeFront

CNRG HomeFront

Brian Waldrop, Ron “Rut” Ussery, Richie Fulgham and Fred Carl Jr., owners of HomeFront Home Improvement Centers in Greenwood and Winona, Mississippi, have agreed to sell their business and operating assets to Central Network Retail Group, LLC (CNRG), a multiformat, …

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U.S. Economy Adds 467,000 Jobs in January

jobs January

In light of an influx of omicron infections, U.S. employers added 467,000 jobs in January, surprising experts who predicted only a slight increase in job additions. In the retail trade, employment rose by 61,000, with building and garden supply stores …

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