Economy

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.

This Isn’t Putin’s Inflation

White House aides were out in force on Monday warning that Tuesday’s inflation report would be ugly and blaming it on Vladimir Putin.

Just 16 Percent Strongly Approve of Joe Biden

Just 16 percent of Americans strongly approve of President Joe Biden, a Wednesday Morning Consult/Politico poll reveals.

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.

U.S. Inflation Hits 8.5% Under Biden: Highest Since 1981

Gas prices rocket 48% in past 12 months.

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.

Ukraine Attacks Hungary’s Willingness to Pay for Russian Gas in Rubles

After Ukraine tried to interfere in Hungary’s election results, the country is now accusing Hungary of supporting Russia by buying gas in rubles

American Families Will Spend Over $5k More This Year to ‘Live the Exact Same Life’

A recent study broke down the results of decades high inflation rates indicating that the average household is likely to shell out $5,200 paying the same expenses.

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