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Economy

How low-income people pay the steepest price when inflation hits : NPR

The soaring costs of basic necessities such as food and housing are disproportionately hitting people with lower incomes. Here, a house is available for rent in Los Angeles on March 15. Mario Tama/Getty Images hide caption toggle caption Mario Tama/Getty Images The soaring costs of basic necessities such as food and housing are disproportionately hitting […]

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Economy

China Is the Next Worry as Food Prices Soar

PINGGU, China — From village to village, the wheat crops in China have been inconsistent this season. One field on the flat plains east of Beijing was patchy, with knee-high emerald stalks in some spots while almost bald elsewhere, damaged by the torrential rains of last autumn. The next village over, a luxurious wheat crop […]

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Economy

US headed for inflation-driven recession: Fmr. Raymond James exec

Lane Generational founder and managing partner Fred Lane says the Biden administration is trying to compete against the American consumer. The state of the market is sending “clear” signals that the US is going into recession, former Raymond James Vice Chairman and Lane Generational founder and managing partner Fred Lane warned on “Mornings with Maria” […]

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Economy

Crude Oil Price Forecast – Crude Oil Markets Show Signs of Support

WTI Crude Oil Technical Analysis The West Texas Intermediate Crude Oil market has stabilized during the trading session on Tuesday, after initially dipping below the 50 Day EMA. The 50 Day EMA of course is an indicator that a lot of people pay close attention to, and therefore it looks to me as if there […]

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Economy

Corporate America’s debt sinks to lowest prices since 2008. Could it be a canary in the coal mine?

Stocks and crypto aren’t the only things getting walloped. Billions worth of bonds from Fortune 500 companies deemed nearly bulletproof from default also have been tagged in a yard sale for financial assets, as the Federal Reserve works to raise rates and cool inflation at the highest in four decades. The dollar price of the […]

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Economy

April inflation report wild card | Fox Business

Former DC Democratic Party Chairman Scott Bolden and Gianno Caldwell, Fox News political analyst, weigh in after Biden’s speech on America’s inflation problem. Has inflation peaked? That’s the question at the top of most economists’ minds ahead of the newest inflation data out this week, which is widely expected to show that consumer prices moderated […]

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Economy

Oil prices react to looming EU ban on Russian oil

Emine Dzhaparova, Ukaine’s Foreign Affairs First Deputy Minister, joins ‘Varney & Co.’ to weigh in on Europe’s reluctance to ban Russian gas and oil. Oil traded higher Wednesday morning, summarizing an upward move following a 9% drop over the previous two sessions. Supply concerns remain at the crux of the trade as the European Union […]

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Economy

“We’re in business not to lose money” Local businesses deal with rising costs | News

TERRE HAUTE, Ind. (WTHI) – While inflation is hurting many of you at home, it is also making it much harder for businesses across the Wabash Valley. Grand Traverse Pie Company in Terre Haute has been open for about 15 years. General Manager Stephen Huddleston said he has not seen an economic situation like this […]

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Economy

Stock futures rise ahead of key inflation data

Andrew Thrasher and Kevin Paffrath provide insight on the state of the stock market on ‘Making Money.’ US equity futures were trading higher Wednesday morning ahead of the release of a key report on inflation. The major futures indices suggest a gain of 0.7% when trading begins on Wall Street. GET FOX BUSINESS ON THE […]

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Economy

How the Inflation Rate Is Measured: 477 Government Workers at Grocery Stores

READING, Pa.—Emily Mascitis has one of the most important jobs you never knew existed. As Americans’ monthly bills climb at the fastest rate in four decades, it is Ms. Mascitis’s work that confirms the $9 you just paid for a 4-pound bag of clementines isn’t an anomaly. Newsletter Sign-up The 10-Point. A personal, guided tour […]