Fuel is a problem for business and consumers – Why prices are so high

Fuel is a problem for business and consumers – Why prices are so high

A sign displays gas prices at a gas station on May 10, 2022 in San Mateo County, California. Liu Guanguan | China News Service | Getty Images The surge in gasoline prices is impossible to miss and at the top of consumers’ minds as large billboards announce that gas now costs $ 4, or $ … Read more

EXPLAINER: Why is Wall Street close to a bear market?

EXPLAINER: Why is Wall Street close to a bear market?

NEW YORK (AP) – The bears are rumbling toward Wall Street. The stock market’s skid this year has pulled the S&P 500 close to what’s known as a bear market. Rising interest rates, high inflation, the war in Ukraine and a slowdown in China’s economy have caused investors to reconsider the prices they’re willing to … Read more

UK inflation jumps to 40-year high of 9% as food and energy prices spiral

UK inflation jumps to 40-year high of 9% as food and energy prices spiral

The UK’s Office for National Statistics said its estimates suggest that inflation would have last been higher “sometime around 1982.” Justin Tallis | Afp | Getty Images LONDON – UK inflation soared to a 40-year high of 9% in April as food and energy prices spiraled, official figures revealed Wednesday, escalating the country’s cost-of-living crisis. … Read more

National average gas soars $ 4.48 per gallon hit $ 5.98 some states as costs soar 40 cents in a month

National average gas soars $ 4.48 per gallon hit $ 5.98 some states as costs soar 40 cents in a month

Gas prices have rocketed to another record high as the national average hit $ 4.48 a gallon today. Prices have surged by 15 cents over the last week, 40 cents over the past month and $ 1.43 a year, according to the AAA. Meanwhile some states – such as California – are reporting spiraling prices … Read more

What experts say to do if inflation has you worried about retirement

What experts say to do if inflation has you worried about retirement

Geber86 | E + | Getty Images Inflation may have you worried about your retirement. Prices have been rising on everything from food to housing. In April, the consumer price index, which measures the prices of goods and services, notched an 8.3% increase from the year-earlier period. In fact, 70% of Americans are calling inflation … Read more

Turkey witnesses bitcoin frenzy amid economic turmoil | Business | Economy and finance news from a German perspective | DW

Turkey witnesses bitcoin frenzy amid economic turmoil |  Business |  Economy and finance news from a German perspective |  DW

Turkey witnessed an unusual coin toss at the recent Istanbul football derby between Besiktas and Fenerbahce. To decide which team starts on which side, referee Arda Kardesler apparently tossed a coin bearing the logo of the bitcoin cryptocurrency, surprising millions. The Turkish Football Federation (TFF) launched an investigation. The incident was just an illustration of … Read more

Ex-Fed chair says US economy is heading toward stagflation for the first time since the 1970s

Ex-Fed chair says US economy is heading toward stagflation for the first time since the 1970s

The former head of the Federal Reserve says the US is heading towards a period of high inflation and low economic growth as the head of Goldman Sachs and other global banks warn that a recession is coming. Ben Bernake, who led the Fed through the 2008 financial crisis, says ‘stagflation’ may be on the … Read more

Turkey witnesses bitcoin frenzy amid economic turmoil | Business | Economy and finance news from a German perspective | DW

Turkey witnesses bitcoin frenzy amid economic turmoil |  Business |  Economy and finance news from a German perspective |  DW

Turkey witnessed an unusual coin toss at the recent Istanbul football derby between Besiktas and Fenerbahce. To decide which team starts on which side, referee Arda Kardesler apparently tossed a coin bearing the logo of the bitcoin cryptocurrency, surprising millions. The Turkish Football Federation (TFF) launched an investigation. The incident was just an illustration of … Read more

Jeff Bezos SLAMS Biden again, saying further Covid stimulus money would’ve made inflation even worse

Jeff Bezos SLAMS Biden again, saying further Covid stimulus money would’ve made inflation even worse

Amazon founder Jeff Bezos once again went after President Joe Biden for the White House’s policies regarding inflation – and took credit for deficit reduction in a tweet on Sunday. Bezos, retweeting an account that goes by the name @ ne0liberalargued that the inflation crisis could have been made worse if not for West Virginia … Read more

Sharp Rise in Home Prices, Mortgage Rates Driving Working Americans out of the Market

Sharp Rise in Home Prices, Mortgage Rates Driving Working Americans out of the Market

The dramatic rise in home prices and mortgage rates in the early months of 2022 has had a relatively limited effect on wealthy buyers and sellers, but has had a severe impact on lower-income Americans — and the Democratic Party may pay a steep price for their frustrations in the November midterm elections and beyond, … Read more