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
The Biden administration’s push for Americans to buy electric vehicles even as they confront skyrocketing gas prices when they go to fill up their cars reflects a “smug superiority,” said … 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
Grocery prices are rising as inflation continues to push up costs across the board. Despite the more than 10% increase in the price of groceries since May 2021, savvy shoppers can still … Read More
White House press secretary Karine Jean-Pierre on Thursday got into a back-and-forth exchange with a reporter who questioned President Biden’s inaccurate claim that inflation is higher “everywhere” else than in … Read More
The leading baby-formula company at the heart of a national shortage was forced to close its Michigan plant late Wednesday, just days after it had reopened after a forced months-long … 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
Hey, big spender. New Yorkers who love to dine out are reeling from the latest affront — huge price hikes for standard dishes with no “luxury” ingredients such as foie … 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
