US Inflation Soars to 7.9 Percent, Biggest Spike Since 1982
Street Talk Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of…
Street Talk Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of…
By Nathan Worcester On Tuesday, while President Joe Biden announced a ban on Russian oil and gas imports, regular gasoline at one BP on Chicago’s South Side was nearly $5.00…
By Nick Ciolino President Joe Biden announced Tuesday that the U.S. will ban imports of Russian oil and other energy products, but will not be joined in doing so by…
BY: KELSEY BOLAR After blocking such sanctions last year using a national security waiver, the Biden administration announced Wednesday it would allow sanctions on the company in charge of building…
By Cristina Laila White House Press Secretary Jen Psaki blamed Vladimir Putin, not dummy Joe Biden for soaring gas prices. On his first day in office, Joe Biden killed off…
By Zachary Stieber U.S. gas prices surged on March 4 and March 5, nearing record highs. The national average struck $3.92 on Saturday, according to the American Automobile Association (AAA),…
BY DESMOND LACHMAN, OPINION CONTRIBUTOR In 2008, economists were caught flatfooted by the Great Recession that followed in the wake of the Lehman Brothers bankruptcy. The main reason for this…
Kathleen Sgamma and Dan Naatz, opinion contributors Last week, President Biden said he would “work like the devil” to bring down gasoline prices. Somehow, after more than half a year…
By Jeff Cox Prices at the wholesale level jumped twice the expected level in January as inflation pressures were unabated to start the year, the Labor Department said Tuesday. The…
By Katabella Roberts The price of gasoline has risen across the United States again as experts warn that more pain could lie ahead at the pumps for Americans. The average…
By Nicole Wells As President Joe Biden continues to delay lifting COVID-19 restrictions, and the November midterm elections loom, Connecticut Gov. Ned Lamont told CNBC that Democrat governors of several…
By Tom Ozimek Inflation in the United States picked up its pace once again, accelerating to an annual 7.5 percent in January, the highest rate in 40 years and above…