Markets

For years, President Joe Biden has downplayed his tendency to misspeak, dubbing himself the “gaffe machine,” as if this is an endearing trait rather than a problematic one. But this weekend, we were reminded that Biden’s ad-libbing is a real liability — especially in the middle of a foreign crisis.

Layal Aswad was already exhausted by Lebanon’s devastating two-year economic collapse. Now, as Russia’s invasion of Ukraine sends food and energy prices soaring even further, she finds herself struggling to put food on the table for her family of four.

Smaller harvests loom from Argentina to Indonesia, and developing countries are bracing for higher food costs; ‘It’s like a scary movie’

Investors expect the Federal Reserve to move much more aggressively with hiking interest rates in the coming months as inflation rises to multidecade highs.

Inflation may be hitting new 40-year highs, but less than a quarter of U.S. organizations say they are revising their salary budgets due to inflation.

The Bank of England has warned that inflation could hit 8 per cent by as early as next month in Britain as it raised interest rates to pre-pandemic levels on Thursday.

Rep. Frank Pallone, D-N.J., chairman of the Energy and Commerce Committee, is asking executives from six oil companies to testify about surging gas prices.

"Great Reset"-advancing World Economic Forum lists four major vaccine manufacturers as official partners on organization website.

Russia has turned to China for military equipment and aid in the weeks since it began its invasion of Ukraine, U.S. officials familiar with the matter told The Washington Post.

The overuse of financial sanctions risks much of the world losing confidence in the dollar as the world’s reserve currency.