FOX Business host calls out the president over record-high inflation on ‘Kudlow.’ You would think with yesterday’s CPI rising 8.3%, with a 30% jump in energy, and today’s PPI rising 11%, with a 40% rise in energy, that Biden administration policymakers would support more oil and gas supplies. Right? No. You would be wrong. Instead, […]
Category: Economy
(KSEE/KGPE) — An $18.1 billion package to help reduce the impact of inflation on California residents was put forward by Gov. Gavin Newsom on Thursday. The proposal includes tax refunds to eligible vehicle owners, rental assistance, and money for hospital and nursing staff. Newsom also announced that California’s minimum wage is projected to increase to […]
DUBAI, United Arab Emirates (AP) — Iran abruptly raised prices as much as 300% for a variety of staples such as cooking oil, chicken, eggs and milk on Thursday. Scores of alarmed Iranians waited in long lines to snatch up bundles of food and emptied supermarket shelves across the country in the hours before the […]
New York CNN Business — At the height of the pandemic, as the coronavirus infected tens of thousands of meat industry workers and caused hundreds to die, executives at the nation’s largest meat producers were aware of the transmission risk in their plants and successfully lobbied the Trump White House and the USDA to circumvent […]
ATLANTA — Feel like you’re paying way more for things? It’s because you are, and now we’ve learned Atlanta is near top of the list for major cities seeing the most inflation. According to the Bureau of Labor Statistics, Atlanta came in at No. 2 for rate of inflation, only behind Phoenix. The overall inflation […]
US Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington, DC, on May 4, 2022. JimWatson | AFP | Getty Images Federal Reserve Chairman Jerome Powell warned Thursday that getting inflation under control could cause some economic pain but remains his top priority. Powell said he couldn’t promise a so-called soft landing […]
WASHINGTON (AP) — Treasury Secretary Janet Yellen, responding to the recent sharp decline in the value of cryptocurrencies, said Thursday that additional federal regulation was needed to respond to the wave of speculative investment in the currency whose secrecy is an essential part of its appeal . “We really need a regulatory framework to guard […]
Cryptocurrency started in 2009 with idealistic dreams of a new economy built on libertarian principles and freedom from the fiat currency system that had just crashed. But in 2022, cryptocurrency trading is all about the dollars. And the 2008 financial crisis has just been repeated in absurd miniature. In the lead-up to the 2008 financial […]
Since 2013, AT&T has quietly billed customers out of hundreds of millions of dollars with a bogus “administrative fee,” a fee it more than doubled to $1.99 a month in 2018. For a few years there, a California class-action lawsuit made it seem like AT&T might finally get taken to task. But this week, both […]
The monthly rent paid by a tenant for a condo or coop in Manhattan was $3,870 in April, up 39% from a year earlier, according to a report from the brokerage firm Douglas Elliman and Miller Samuel Real Estate Appraisers and Consultants. Last year, the net effective median rent — or the amount tenants pay […]