Economy

Energy prices are a key driver of inflation that is rising worldwide and making the cost of living more expensive.

Together, Russia and Ukraine export nearly a third of the world’s wheat and barley, more than 70% of its sunflower oil and are big suppliers of corn.

The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades.

In a draft letter to refiners, Biden said their profits have tripled during a time of war between Russia and Ukraine as Americans struggle with record-high gas prices.

The national average price has jumped 19 cents in just the past week, and it is up $1.93 from this time last year.

Consumer prices surged 8.6% last month from 12 months earlier, faster than April’s year-over-year surge of 8.3%, the Labor Department said Friday.

Google employees, contractors protest return-to-work requirement wiping out paycheck with costly commute.

U.S. employers added a healthy 390,000 jobs in May 2022, extending a streak of solid hiring that has bolstered an economy under pressure from high inflation and interest rates.

The first of the four new new fulfillment centers will open this summer in Illinois. These centers will provide faster shipping of items to customers.

With gas prices exceeding $4 nationwide, one expert believes there’s a way you can save a few dollars at the pump by changing your driving habits.

High inflation is still causing hardships, but any slowing of price increases, if it can be sustained, will provide some modest relief.

The flight was the first of several to provide “some incremental relief in the coming days” as the government tries to address a critical baby formula shortage.

The baby formula shortage could inspire scammers to strike online, the Better Business Bureau warns.

Nestle is shipping Gerber baby formula from the Netherlands and Alfamino formula from Switzerland to the United States to help with a formula shortage crisis that has left parents struggling to find supplies in stores.

The Points Guy founder and CEO Brian Kelly said "When they (airlines) don't have enough pilots, there's less flights, and less flights means more expensive flights."

The Biden administration announced $110 billion for the projects will be used for federal highways, public transit, bridges, safety, and airports. This news comes months after President Joe Biden signed the $1 trillion infrastructure bill into law.

The typical US worker is worse off today than they were a year ago due to inflation.

Consumer prices jumped 8.3% last month from 12 months earlier, the Labor Department said Wednesday.