Category: Economy

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June 10, 2022June 10, 2022Economy, Newsmakers, Politics

Inflation surges to new highs as soaring prices eat away at Americans’ wages under Biden admin

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FOX NEWS — Inflation remained painfully high in May, with consumer prices hitting a new four-decade high that exacerbated a financial strain for millions of Americans and worsened a political crisis for President Biden. The Labor Department said Friday that the consumer price index, a broad measure of the price for everyday goods including gasoline,...

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May 23, 2022May 23, 2022Business, Community, Economy, Headlines

Despite inflation, Americans’ spending not slowing down

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THE HILL-– Despite high inflation, rising gas prices, deepening concern about the economy and rising recession risks, Americans keep spending money. Stocks have fallen sharply over the past week as Wall Street frets over a likely dip in consumer spending. Polls of consumer sentiment have fallen steadily — along with President Biden’s approval rating on...

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March 21, 2022March 21, 2022Economy, Europe, Headlines, Newsmakers, SlideShow, World News

EU slams ‘war crimes’ in Ukraine but new sanctions unlikely

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FOX NEWS — The European Union accused Russia of committing war crimes, but new sanctions against Moscow seem unlikely, despite the EU’s push to hold guilty parties accountable. With civilian deaths mounting in the besieged port city of Mariupol, German Foreign Minister Annalena Baerbock highlighted the increase in Russian attacks on civilian infrastructure, including hospitals and theaters. The...