Stores across America have empty shelves thanks to a series in supply chain problems that are prolonging inflation and could stretch into the new year, with some retailers like Costco and Walmart limiting the amount...
Global food prices extended their rally to the highest in almost a decade, heightening concerns over bulging grocery bills as economies struggle to exit the Covid-19 crisis.
A United Nations gauge of world food costs climbed...
Capital lawmakers, politicos, journalists — along with glitzy Hollywood celebrities — gathered on Saturday night for the annual “nerd prom,” the White House Correspondents’ Association dinner.
The night of frivolity usually ends with a comedian lightly...
High demand for groceries combined with soaring freight costs and Omicron-related labor shortages are creating a new round of backlogs at processed food and fresh produce companies, leading to empty supermarket shelves at major retailers...
Consumer prices surged more than expected over the past 12 months, indicating a worsening outlook for inflation and cementing the likelihood of substantial interest rate hikes this year.
The consumer price index for January, which measures...
America has already slipped into a recession that could be as bad as the 2008 financial meltdown according to key consumer data, a Dartmouth College professor has warned.
David Blanchflower, of Dartmouth, and Alex Bryson, of University...
Shoppers are getting hit with purchase limits and, in some cases, higher prices at Costco but unlike during the pandemic, this time it’s not driven by hoarding or panic buying. Instead, Costco said it has...
A 5.9 magnitude earthquake with its epicentre in the sea off Taiwan's east coast rattled the island on Tuesday, the island's weather bureau said, with no immediate reports of damage.
The quake briefly shook buildings in...
U.S. gas prices bounced to a fresh record-high again Sunday, touching an all-time peak of $4.61 per gallon. That is more than 50 percent higher than the cost of a gallon a year ago.
The pump...
After years of ultra-loose fiscal, monetary, and credit policies and the onset of major negative supply shocks, stagflationary pressures are now putting the squeeze on a massive mountain of public- and private-sector debt. The mother...