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“US stocks tank over sky-high May inflation data” Stocks plummeted on Friday as data showing inflation accelerated to a fresh four-decade high in May rattled Wall Street and sent indexes to another week of losses. The Dow Jones Industrial Average tumbled 880 points or 2.7%. The tech-heavy Nasdaq index slid 414.21 points, or 3.5%, while…
“Inflation stayed red-hot in May as high energy prices drive soaring prices” American consumers continue to be weighed down by soaring levels of inflation as the consumer price index remained at a sky-high clip of 8.6% — the highest since 1981 — thanks to skyrocketing oil prices as well as the rising cost of food,…
“I’m a dumpster-diving coupon queen — and I take my kid with me to help” A mother of three is willing to dive into some pretty unclean places to provide for her family. In a resurfaced clip from a 2011 episode of TLC’S “Extreme Couponing,” Louisiana native Callie takes her toddler son to help dig…
“Big baby Biden bawls and blames Americans for lack of action” President Joe Biden went on Jimmy Kimmel’s show Wednesday night — his first one-on-one interview since February — to air some grievances with the nation he’s tasked with leading. Kimmel asked why no real action has been taken on gun violence. Biden’s answer? “Intimidation…
“Two-thirds of Americans expect inflation to intensify: poll” Two-thirds of Americans think inflation will get worse this year — prompting many to slash their savings while cutting back on going out to eat and finding ways to avoid driving, according to a new poll released Thursday. The national survey of more than 1,000 adults in…
“‘Shrinkflation’ affecting package sizes but not prices” It’s the inflation you’re not supposed to see. From toilet paper to yogurt and coffee to corn chips, manufacturers are quietly shrinking package sizes without lowering prices. It’s dubbed “shrinkflation,” and it’s accelerating worldwide. In the US, a small box of Kleenex now has 60 tissues; a few…
“Biden official admits few options to lower gas prices” Commerce Secretary Gina Raimondo admitted Tuesday that the Biden administration is running out of options as it scrambles to bring down gas prices that have surged to record highs across the nation in recent weeks. “Unfortunately, that is the brutal reality,” Raimondo told CNN. The stark…
“US gas prices top $5 in 13 states and counting” Surging gas prices have topped a whopping $5 per gallon in more than a quarter of the country and are expected to climb even higher as the summer travel season gets underway. Price data from AAA on Tuesday showed that the statewide average of a…
“Janet Yellen recognizes ‘unacceptable levels of inflation’ in US” Treasury Secretary Janet Yellen acknowledged Tuesday that inflation has reached “unacceptable” heights, even as she defended Biden administration-backed spending bills that Republican lawmakers allege have contributed to the problem. “We currently face macroeconomic challenges, including unacceptable levels of inflation,” Yellen told the Senate Finance Committee three days…
“Biden to relax China tariffs in lame bid to address inflation” In a bid to slow the soaring inflation he’s given the country President Joe Biden is looking to . . . reverse another Trump policy, specifically the last president’s 2018 tariff hikes on roughly $300 billion of Chinese goods. To be fair, for once…