With the hottest July on record, and with drought conditions over much of the country, you might wonder why that matters here in New York.
The prices of corn, soybeans, and just about every other commodity have gone up -- and so have the prices of some of your favorite foods.
The sun is searing much of the country, drying up precious crops.
Economist Mike Norman warns it's not just your food that will be affected. He said you'll be paying more for gas because of the ethanol, a corn by-product.
If commodity prices fall soon, don't necessarily expect these items to drop too.
Tuesday, May 21 2013 6:06 AM EDT2013-05-21 10:06:47 GMT
Looking for some waterfront property in tony Greenwich? A 50-acre compound known as Copper Beach Farm has hit the market with an asking price of $190 million.
Looking for some waterfront property in tony Greenwich? A 50-acre compound known as Copper Beach Farm has hit the market with an asking price of $190 million.
Monday, May 20 2013 11:17 AM EDT2013-05-20 15:17:26 GMT
Seamless North America and GrubHub say they're combining to create an online food ordering service covering more than 20,000 restaurants in 500 cities across the U.S.
Seamless North America and GrubHub say they're combining to create an online food ordering service covering more than 20,000 restaurants in 500 cities across the U.S.
Actavis is buying Warner Chilcott in an all-stock transaction valued at about $8.5 billion which would create the third-biggest specialty pharmaceutical company in the U.S.
Actavis is buying Warner Chilcott in an all-stock transaction valued at about $8.5 billion which would create the third-biggest specialty pharmaceutical company in the U.S.
The price of oil fell Monday ahead of the release later this week of economic data from the U.S. and China, the world's two largest economies, and a speech by the Federal Reserve chief.
The price of oil fell Monday ahead of the release later this week of economic data from the U.S. and China, the world's two largest economies, and a speech by the Federal Reserve chief.
Sunday, May 19 2013 6:53 PM EDT2013-05-19 22:53:31 GMT
Some lucky person walked into a Publix supermarket in suburban Florida over the past few days and bought a ticket now worth an estimated $590.5 million — the highest Powerball jackpot in history.
Some lucky person walked into a Publix supermarket in suburban Florida over the past few days and bought a ticket now worth an estimated $590.5 million — the highest Powerball jackpot in history.
Friday, May 17 2013 8:53 PM EDT2013-05-18 00:53:52 GMT
The New Jersey Sports and Exposition Authority has approved the master plan for the American Dream megamall in the Meadowlands sports complex. The approval at Friday's special board meeting means the
The New Jersey Sports and Exposition Authority has approved the master plan for the American Dream megamall in the Meadowlands sports complex. The approval at Friday's special board meeting means the
Friday, May 17 2013 11:36 AM EDT2013-05-17 15:36:32 GMT
The small glass bottle filled, and refilled, with golden olive oil has long been a staple on many restaurant tables across Europe. Now, the European Union is going to ban it.
The small glass bottle filled, and refilled, with golden olive oil has long been a staple on many restaurant tables across Europe. Now, the European Union is going to ban it.
Friday, May 17 2013 11:04 AM EDT2013-05-17 15:04:49 GMT
(AP Photo/Charles Dharapak)
The Treasury Department's top investigator for tax matters is telling Congress that he is still investigating whether outside political pressure caused the Internal Revenue Service to improperly target conservative groups.
The Treasury Department's top investigator for tax matters is telling Congress that he is still investigating whether outside political pressure caused the Internal Revenue Service to improperly target conservative groups seeking tax-exempt status.
Tuesday, May 21 2013 6:53 AM EDT2013-05-21 10:53:13 GMT
A massive tornado devastated parts of Oklahoma on Monday. It destroyed entire neighborhoods, killing dozens of people. If you would like to help those in need, you can donate to relief organizations. SALVATION
A massive tornado devastated parts of Oklahoma on Monday. It destroyed entire neighborhoods, killing dozens of people. If you would like to help those in need, you can donate to relief organizations. SALVATION
Monday, May 20 2013 8:35 PM EDT2013-05-21 00:35:36 GMT
A monstrous tornado at least a half-mile wide roared through the Oklahoma City suburbs Monday, flattening entire neighborhoods with winds up to 200 mph.
A monstrous tornado at least a half-mile wide roared through the Oklahoma City suburbs Monday, flattening entire neighborhoods with winds up to 200 mph.
Monday, May 20 2013 12:19 PM EDT2013-05-20 16:19:47 GMT
The Supreme Court said Monday it will hear a new case on the intersection of religion and government in a dispute over prayers used to open public meetings.
The Supreme Court said Monday it will hear a new case on the intersection of religion and government in a dispute over prayers used to open public meetings.
Sunday, May 19 2013 6:53 PM EDT2013-05-19 22:53:31 GMT
Some lucky person walked into a Publix supermarket in suburban Florida over the past few days and bought a ticket now worth an estimated $590.5 million — the highest Powerball jackpot in history.
Some lucky person walked into a Publix supermarket in suburban Florida over the past few days and bought a ticket now worth an estimated $590.5 million — the highest Powerball jackpot in history.
Saturday, May 18 2013 6:00 PM EDT2013-05-18 22:00:01 GMT
Witnesses in southwestern Virginia said a car drove into a crowd at a parade Saturday and hurt several people, but the nature of their injuries wasn't immediately known.
Witnesses in southwestern Virginia said a car drove into a crowd at a parade Saturday and hurt several people, but the nature of their injuries wasn't immediately known.
Lawmakers are ready to question the ousted head of the Internal Revenue Service as Congress holds its first hearing on the tougher scrutiny the IRS gave tea party and other conservative groups that applied for...
Senior Treasury officials were made aware in June 2012 that investigators were looking into complaints from tea party groups that they were being harassed by the Internal Revenue Service, a Treasury inspector general said...
Friday, May 17 2013 4:38 PM EDT2013-05-17 20:38:41 GMT
DOD photo
Defense Secretary Chuck Hagel on Friday ordered the military to recertify all 25,000 people involved in programs designed to prevent and respond to sexual assault.
Defense Secretary Chuck Hagel on Friday ordered the military to recertify all 25,000 people involved in programs designed to prevent and respond to sexual assault.
