Business

Pesident Joe Biden’s 40-year-high inflation will cost American households on average an extra $5,200 in 2022, or $433 per month, according to Bloomberg.

Americans are increasingly concerned about rising inflation, which is at its highest level in almost 40 years, according to a new Gallup poll released on March 29.

The Federal Reserve approved the first interest rate hike in the U.S. since 2018 this month, and several more increases seem likely in the months to come.

Cooking oil, chicken and other kitchen staples are increasingly out of reach as fears of ‘demand destruction’ begin to materialize.

er of unemployed people per job opening hovered at record-low levels in February, a new sign of the difficulty employers face in hiring and retaining workers. 

President Joe Biden released his $5.8 trillion budget for fiscal year 2023 on Monday, including significant funding for the police, in an effort to set himself apart from progressives in his party who have advocated for defunding the police. Biden also called for more defense spending and a new minimum tax targeting the rich.

The European Union has announced a plan to phase out its dependence on Russian fossil fuels by 2030.

White House officials will reportedly zero in on American billionaires with a minimum tax when President Joe Biden announces his 2023 budget.

Easter is the latest holiday to be affected by inflation, as price surges and shortages of necessary raw materials hamper candy producers.

The Russian central bank said on Saturday that the Moscow Exchange will resume trading on Monday.