America's employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy's resilience in the face of a still-destructive pandemic and the highest inflation in 40 years.
Investors expect the Federal Reserve to move much more aggressively with hiking interest rates in the coming months as inflation rises to multidecade highs.
Fox News reporter Peter Doocy challenged White House Press Sec. Jen Psaki Thursday, asking if the President owned an electric vehicle himself after pushing Americans to invest in one.
Oil prices soared and investors shifted more money into ultra-safe U.S. government bonds as Russia stepped up its war on Ukraine. The price of oil surged back above $100 a barrel after Russia, a major energy producer, faced further isolation and economic damage because of its invasion of Ukraine.
When debt grows so much that people don’t believe the Treasury will pay it, they sell their bonds and buy other things, sending prices through the roof.