President Biden escalated a war of words with Chevron CEO Michael Wirth Tuesday after the country’s second-largest oil company rejected the president’s “political rhetoric” about high gas prices. “He’s mildly … Read More
It’s all going up: electricity, diesel, vegetables, the Internet, hotels, flights, and now, interest rates. The war in Ukraine, the on-and-off lockdowns in China, a persistent power crunch and disrupted … Read More
Top officials in the Biden administration made the rounds on the Sunday news shows to tout the strength of the economy and downplay the likelihood of a recession — an assessment at odds … Read More
Record-high gas prices are the biggest cause of red-hot inflation heading into the high-demand summer months — and the factors behind the wallet-busting costs show no signs of easing up. … Read More
President Biden stepped up his rhetoric against oil companies Wednesday, telling the seven major refiners their profit margins were “well above normal” and demanding that they explain themselves to the … Read More
There’s no strategic olive oil reserves to tap into here. A slew of ongoing issues have been drizzling trouble over the olive oil industry for the better half of the … Read More
Most of the current record high inflation could have been avoided had the Federal Reserve acted earlier and shown humility after it wrongly described inflation as “transitory,” economist Mohamed El-Erian … Read More
Two-thirds of Americans think inflation will get worse this year — prompting many to slash their savings while cutting back on going out to eat and finding ways to avoid … Read More
Employees like Matt Fairbanks are one of the reasons the hospitality and restaurant industry is struggling to find workers even as the pandemic wanes. The 34-year-old former bartender has moved … Read More
Americans deeply disapprove of President Biden’s handling of the economy, inflation and soaring gas prices – and say those three issues will dictate how they will vote in the midterm … Read More
