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US coffee prices spike due to tariffs and poor weather

US coffee prices spike due to tariffs and poor weather

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By DEE-ANN DURBIN and CHRIS RUGABER, AP Business Writers

It’s getting more expensive for Americans to get their caffeine fix.

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The average U.S. price of a pound of ground coffee hit $9.14 in September, a 3% increase from the August average of $8.87 and 41% higher than in September 2024, according to U.S. government figures. Coffee prices have been increasing sharply since the start of this year.

Consumer prices for food purchased for home use and away from home were 3% in September compared to the same month a year earlier, the U.S. Labor Department reported Friday. The consumer price index, which measures a broader sample of all coffee products, including instant coffee, showed U.S. coffee prices up 19% from September 2024 and flat compared to August. read more

Government shutdown likely means no inflation data next month for 1st time in decades

Government shutdown likely means no inflation data next month for 1st time in decades

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By CHRISTOPHER RUGABER, AP Economics Writer

WASHINGTON (AP) — The government shutdown now in its fourth week likely means there won’t be an inflation report next month for the first time in more than seven decades, the White House said Friday, leaving Wall Street and the Federal Reserve without crucial information about consumer prices.

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“Because surveyors cannot deploy to the field, the White House has learned there will likely NOT be an inflation release next month for the first time in history,” the Trump administration said in an email. read more

Government shutdown continues to add to stress on air traffic controllers and disrupt flights

Government shutdown continues to add to stress on air traffic controllers and disrupt flights

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By JOSH FUNK, AP Transportation Writer

The ongoing government shutdown continues to disrupt flights at times and put pressure on air traffic controllers who are working without pay.

Flights were delayed Thursday at New York’s LaGuardia Airport, New Jersey’s Newark airport and Washington’s Reagan National Airport because of air traffic controller shortages. The number of flight delays for any reason nationwide spiked to 6,158 Thursday after hovering around 4,000 a day earlier in the week, according to FlightAware.com. On Friday afternoon, the Houston airport was also reporting average delays of about half an hour because of staffing issues, and the Federal Aviation Administration warned that problems were possible at airports in the New York area, Dallas and Phoenix.

Many Federal Aviation Administration facilities are so critically short on controllers that just a few absences can cause disruptions, and Transportation Secretary Sean Duffy has said that more air traffic controllers have been calling in sick since the shutdown began. Early on in the shutdown, there were a number of disruptions at airports across the country, but for the past couple of weeks, there haven’t been as many problems. read more

EU accuses Meta and TikTok of breaching transparency rules

EU accuses Meta and TikTok of breaching transparency rules

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By SAM McNEIL, Associated Press

BRUSSELS (AP) — The European Union on Friday said Meta and TitTok had breached their transparency obligations after an investigation that could result in billions of dollars in fines.

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The inquiry found both companies had violated the Digital Services Act, the EU’s trailblazing digital rule book that imposes a set of strict requirements designed to keep internet users safe online, including making it easier to report counterfeit or unsafe goods or flag harmful or illegal content like hate speech, as well as a ban on ads targeted at children. read more

Sports betting is a booming business. The FBI’s NBA probe is putting it in the spotlight

Sports betting is a booming business. The FBI’s NBA probe is putting it in the spotlight

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By WYATTE GRANTHAM-PHILIPS, Associated Press

NEW YORK (AP) — The stunning indictment that led to the arrest of more than 30 people, including Miami Heat guard Terry Rozier and other NBA figures, on charges of illegal sports betting has drawn new scrutiny of the booming business of professional sports gambling across the U.S.

Since widespread legalization, the multibillion-dollar industry has made it easy to place wagers on everything from the outcome of games to that of a single play with just a few taps of a cellphone. It’s just about impossible to go to a basketball, football, baseball or other pro game today — or watch a matchup on TV — without seeing ads for sports betting.

Fans can place wagers from their stadium seats, while “Bet” tickers scroll on TV sports broadcasts. Star athletes are frequently at the center of ads promoting it all.

In Thursday’s indictment, federal investigators accused Rozier and other defendants of breaking the law by exploiting private information about players to win bets on NBA games. Rozier’s lawyer, Jim Trusty, said in a statement that his client is “not a gambler” and “looks forward to winning this fight.” read more