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New York CNN — US oil prices climbed above $90 a barrel on Thursday for the first time in 10 months, threatening to push gasoline prices even higher and heat up inflation across the economy.
U.S. Inflation Accelerated in August as Gasoline Prices Jumped The Wall Street Journal US inflation rises in August as petrol prices jump Financial Times Opinion | How the U.S. Economy Is Taming Inflation Without a Recession The New York . . .
Washington, DC CNN — US inflation accelerated in August for the second-straight month, pushed up by rising gas prices. However, core inflation, which strips out volatile food and energy prices, continued to slow, according to data from the Bureau of Labor Statistics released Wednesday. The Consumer Price Index, a closely watched inflation gauge . . […]
A waiter serves food at a restaurant near Times Square in New York City, U.S., December 16, 2021. REUTERS/Jeenah Moon Acquire Licensing Rights Sept 6 (Reuters) – The U.S. services sector . . .
“The U.S. consumer blames whoever is in the White House” for high gasoline prices, Quincy Krosby, chief global strategist for financial advisory firm LPL Financial said in an interview. “Biden’s people have to be watching this despite a stronger economy, which is an irony.” It’s not the outcome that some experts had hoped for from […]
Insurers raise prices for Black Sea tankers amid surging tensions | Insurance Business America Insurance News Insurers raise prices for Black Sea tankers amid surging tensions Report from four traders reveals surge in “war risk premiums” Insurance News By Kenneth Araullo A surge in “war risk . . .
A “sold” sign is seen outside of a recently purchased home in Washington, U.S., July 7, 2022. REUTERS/Sarah Silbiger/File Photo Acquire Licensing Rights Aug 22 (Reuters) – U.S. existing home . . .
Rice prices surged to their highest in almost 12 years, after supplies in Asia’s primary staple food were limited by India’s rice export ban and adverse weather conditions. Elevated global food stocks, particularly in Asia, help insulate production volatility and minimize the economic impact from a consumer standpoint, Morgan Stanley said in a report. Nomura […]
A sign board is seen near the Sibanye gold mine in Westonaria, west of Johannesburg, April 6, 2016. REUTERS/Siphiwe Sibeko Acquire Licensing Rights Aug 18 (Reuters) – South Africa’s Sibanye Stillwater
An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily via REUTERS/file photo Acquire Licensing Rights TOKYO . . .