The last time the U.S. unemployment rate fell below 3%, as one Federal Reserve official has predicted it will this year, the Korean War was nearing its end and a recession that saw legions of...
Recession indicators are ringing and key commodities have plunged into a bear market, signaling a downturn may be on the horizon. And Nouriel Roubini dismissed hopes that an incoming recession will be shallow.
The famed economist, who called the...
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...
The US housing market has plunged into a full-blown recession as tightened economic policy and surging expenses weigh on home builders.
Builder confidence has plummeted for eight consecutive months, marking its worst stretch since the housing...
First gas, then heating and now rents. Runaway inflation is driving rents skywards across Joe Biden’s America, delivering an average of a 20 percent increase in the U.S.’s biggest 50 cities over the past 12...
Ground beef and chicken breasts are more expensive than ever before and with all-time high prices that leave consumers with few alternatives some people may experience a meatless Memorial Day this upcoming Monday.
Bloomberg reported that...
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...
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...
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...
For Australian cattle farmer Jody Brown, the most chilling evidence of drought is the silence. Trees stand still, the warbling of birds gone. Lizards and emus have long departed, while kangaroo mothers, unable to sustain...