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Economy
Opinion | On crime and the economy, Republicans dictate the media narrative
Placeholder while article actions loadDemocrats tend to think of Republicans as messaging wizards, able to conjure controversies out of thin air and manipulate voters’ minds. While the GOP’s powers of mesmerism are drastically…
Wall Street is minting money as Main Street struggles with inflation and burnout
JPMorgan Chase posted strong results for the fourth quarter Friday, including a $10.4 billion profit that topped forecasts. Still, JPMorgan Chase's earnings were down 14% from the same quarter the previous year as trading revenue…
Inflation moderated in April but was still close to its highest level in 40 years.
An important measure of consumer prices showed that inflation slowed in April, but remained close to a four-decade high.The Personal Consumption Expenditures price index rose 0.2 percent last month from March and was up 6.3 percent from…
G7 nations are worried about global economic crisis, Scholz says
Italy's Prime Minister Mario Draghi, Canada's Prime Minister Justin Trudeau, France's President Emmanuel Macron, German Chancellor Olaf Scholz, U.S. President Joe Biden, Japan's Prime Minister Fumio Kishida and British Prime Minister…
Debunking 10 of Joe Biden’s lies about the state of the US economy
“Inflation is the bane of our existence,” President Biden lamented last week to talk show host Jimmy Kimmel. Unfortunately, he was referring to inflation’s effect on presidential approval ratings, not the plight…
A key inflation measure just hit a nearly four-decade high
Stripping out energy and food prices, both of which jumped over the period, the price index advanced 4.7%, the biggest increase since September 1983.For anyone hoping there would be an end to the exorbitant climb in prices before…
Food crisis fuels fears of protectionism compounding shortages
DAVOS, Switzerland, May 24 (Reuters) - A growing world food crisis is precipitating protectionist moves by countries which are likely to compound the problem and could lead to a wider trade war, business leaders and policymakers at the…
Why gold has lost some of its investment allure
Jan 8th 2022INFLATION IS SURGING, central-bank money-printing has run amok and political tensions between the world’s powers are intensifying. These ingredients sound like a waking fantasy for ardent believers in the long-term promise of…
Opinion | The Goldilocks economy: Trying to get it ‘just right’
Placeholder while article actions loadAs anyone who has ever pigged out on chocolate fudge can attest, it is possible to have too much of a good thing.That’s true for a really rich dessert — and also a really strong (or hot) labor…
A gas station manager who raised over $20,000 to make up for a mistake that cost him his
A former manager gas station manager lost his job after mistakenly charging 69 cents per gallon for gas.
The mistake cost the company $20,000, he said. His…