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...
Gas prices in California are soaring to record levels as the holiday season approaches, combining with supply chain problems that have left some goods in short supply and mounting inflation to create a distinctly unfestive strain on many people's...
At the outset of his presidency, Joe Biden promised competence by a bigger, better government. A few days ago, one of his loyal allies exposed a gross incompetence by federal officials on Biden’s watch that...
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...
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...
The double-whammy of President Biden's inflation and supply chain crises that are continually brushed off by him and his administration are about to land another significant hit on American consumers after months of pain at...
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...
The sign on the door says it all – “Exact change appreciated due to coin shortage.”
No, it’s not the summer of 2020. Instead, one of last year’s quirky shortages is back.
A statement from the Federal...
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...
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...