All that stimulus is sending inflation higher
CNN
Worries about sudden inflation spikes are keeping investors and economists up at night. Their concerns aren't baseless: Inflation is indeed rising in the United States, government data for producer prices showed Friday.
The question on everyone's mind remains: Is inflation a temporary sugar rush from stimulus or is it here to stay? The US Producer Price Index, which measures sale prices for goods and services, climbed 1% on a seasonally adjusted basis in March, the Bureau of Labor Statistics announced Friday. That was a steeper rise than February and greater than economists had expected.
Attacks on commercial ships in the Middle East this month have all but closed the vital Strait of Hormuz to oil tankers. One of the few alternative routes for oil exports from the region goes through the Red Sea. But now even that lifeline is in danger.
When Mona Panjwani opened One40 Rooftop, a swanky restaurant in lower Manhattan last year, one of the biggest dilemmas besides the menu was choosing the reservation platform.
What could get more expensive because of the war in Iran?
Gas prices have skyrocketed due to the US-Israel war on Iran, putting even more financial strain on many Americans’ wallets.
United Food and Commercial Union Local 7, the union representing the 3,800 striking workers, said that JBS failed to meet its demands during contract negotiations over higher wages, life-saving safety equipment and improved healthcare.
Every day brings a new complaint — or three — from the Trump administration about the American news media’s coverage of the Iran war.
Traffic through the strait, normally the conduit for a fifth of global oil output, has been severely curtailed since the start of the Iran conflict. But Iran itself is shipping oil through the waterway in almost the same volumes as before the war, earning the cash needed to sustain its economy and war effort.
How Anthropic may benefit from its fight with Trump
The price of oil rose to its highest level since July 2022 Sunday evening as the Trump administration suggested the war with Iran could last several more weeks and President Donald Trump called on the international community for help reopening the Strait of Hormuz to oil tankers.
When Melanie Galeaz posted a fan edit of “Heated Rivalry,” she didn’t know it would lead to her dream job.
The worst global oil crisis in decades could become a major problem for the Federal Reserve, whose policymakers meet this week to determine the next moves for the US economy.
President Donald Trump’s attack dog atop the FCC, Brendan Carr, garnered lots of attention on Saturday for threatening the licenses of local broadcasters over news coverage he deemed to be “fake.”
The first of the month can create anxiety for millions of renters across America.