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Thousands of American restaurants closing over rising costs, declining sales

Oct 25, 2026
In the first six months of 2026, more than 7,500 restaurant locations have closed nationwide. Mark Strassmann reports that rising costs and declining sales are forcing some to make tough decisions.


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The Long History of Underreporting Inflation: It’s infuriating with each print: some economist waves off the hot headline number and tells you to focus on core. A history of how inflation gets explained away. (The Big Picture)
 

More cars, containers, and cranes: What to know about the largest expansion in Philly port's history​

With the planned expansion of Philadelphia’s port on the Delaware River, it could grow to accommodate twice as much container cargo and over 100,000 more automobiles.

Pennsylvania Gov. Josh Shapiro earlier this month pledged $371 million in state funding to help attract more goods to the Port of Philadelphia. He said the state investment, combined with hundreds of millions of dollars more in federal funds and corporate investments, would create thousands of jobs.

The Democratic governor framed the investments as a vote of confidence in Philly as a hub of global trade even as President Donald Trump’s tariffs have inflated the costs of foreign goods. Trump has cast the import taxes as part of an effort to bring manufacturing jobs back to the U.S.

More:

https://www.msn.com/en-us/money/eco...y-port-s-history/ar-AA2g4Wjh?ocid=socialshare
 
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