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Economy
Did corporate greed fuel inflation? It’s not biggest culprit
WASHINGTON (AP) — Furious about surging prices at the gasoline station and the supermarket, many consumers feel they know just where to cast blame: On greedy companies that relentlessly jack up prices and pocket the profits.Responding to…
Why we must nationalize Big Oil
During the financial crisis in 2008, the federal government protected the economy by bailing out companies it considered “too big to fail.” Normally, the government protects the economy from companies that are too big to exist.…
Fed policymakers embrace more rate hikes, markets a little less
June 24 (Reuters) - A pair of U.S. central bankers said on Friday they supported further sharp interest rate hikes to stem rapid price rises, even as investors cheered economic data showing inflation expectations to be less worrisome…
Investors monitor economic data and Fed speeches
U.S. Treasury yields were mixed on Friday, as market participants assessed the prospect of major central banks implementing further interest rate hikes to curb soaring inflation.The yield on the benchmark 10-year Treasury note was last…
The West Wants A Price Cap On Russian Oil. Could It Work?
Curtailing Russia’s energy revenue has been a tough nut to crack for Western governments so far.
After President Vladimir Putin launched a large-scale invasion of Ukraine on February 24, the United States and the European Union imposed…
Gas prices may inch down — but that’s not all good news
There's good news and bad news on the gas prices front. Good news: Some price relief could be on the way. The bad news: It's because traders are betting on a recession.In simple terms, there are two ways to bring down prices: Increase…
9 steps marketers should take to survive the dark times ahead
Source: Shutterstock
With the tasteless timing of a drunk hitting on a widow at her husband’s funeral, marketers are in Cannes this week as the big grey clouds of recession barrel overhead.
While our economy constricts and inflation…
Former U.S. ambassador says lifting China tariffs could cut inflation
Removing tariffs on imported Chinese goods will strip 1% off inflation in the U.S. over time and return confidence to the economy which could help President Joe Biden at the ballot box, former U.S. ambassador David Adelman…
Opinion | A generation of homeowners encounters a strange new market
Placeholder while article actions loadAs recently as March, a 30-year fixed mortgage looked like a very good deal. The average interest rate was under 4 percent, even though inflation was more than twice that.That divergence couldn’t…
Strikes, inflation, slump… back to the 70s? More like the unwinding of
This is not the 1970s all over again, notwithstanding the apparent similarities – oil shocks, recession, seasons of discontent, inflation. What we are living through is something more profound. It is the painful unwinding of the…