Economic

Wholesale Inflation Soars at 11.2% Rate in March, Largest Gain on Record

Wholesale inflation rose 11.2% annually in March, driven largely by an increase in the price of gasoline, the Bureau of Labor Statistics reported on Wednesday.

Lawmakers Sound Alarm on Shrinking Middle Class as Inflation Hits a High

House lawmakers are mulling the future of the middle class, as economic challenges and inflation continue to burden Americans.

Anti-lockdown States Performed Better Overall During the Pandemic

Thinktank finds states that resisted the stricter COVID-related lockdown measures appear to have faired better overall during an assessment of pandemic-related detriments.

Mexican Truckers Shut Down Commercial Traffic at Key Entry Point to Texas

Commercial traffic at a key U.S.-Mexico border crossing has reportedly ground to a halt after Mexican truckers blocked lanes to protest a new inspection policy from Texas Gov. Greg Abbott.

To Compete With China, the U.S. Needs More Entrepreneurs

Entrepreneurs grease the wheels of economic growth.

White House Says Kamala Harris Maskless Because of ‘Emotional,’ ‘Historic’ Day

The White House remained on the defensive Monday about Vice President Kamala Harris, who had been deemed a close contact for COVID-19, appearing unmasked last week during the confirmation of Judge Ketanji Brown Jackson to the Supreme Court.

Chinese Residents Trapped in Lockdown Scream from Their Windows, Fight over Limited Food

Videos surfacing on social media in the past week from Shanghai – and rapidly deleted on government-controlled sites like Weibo – show mounting desperation as a poorly planned coronavirus lockdown leaves the heart of China’s economy with rotting food and a lack of basic necessities.

Biden Approval Rating Hits Record Low as Voters Sour on Response to Global, Domestic Crises

Biden’s approval rating is at one of the lowest points of his White House tenure.

‘Shocking’ National Baby Formula Shortage Forces Rationing at Major Retail Chain

There is a national shortage of baby formula, which has forced a large retail chain to impose rationing on the important product for infants.

Conservative Le Pen Closing In on Macron in French Presidential Vote

Polls show Le Pen narrowing the gap and some put her within the margin of error.

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