The usual suspects behind the nearly double-digit rise in the CPI were food and energy costs, with energy jumping 40.6% and food rising 10.4%.
Americans' confidence in government institutions has eroded, according to polls.
What experts say about a potential housing crisis (versus a correction).
China may be losing its supremacy when it comes to be manufacturing.
Unlike the dollar, which is the currency of a federation, the euro is the currency of an economic union based on the European Stability and Growth Pact (ESGP), which country members routinely violate, according to Athens Chamber of Commerce and Industry Counsellor Fanis Matsopoulos.
Minimum wage hikes are one way to help low-income Americans overcome soaring inflation.
Wage hikes do not seem to significantly impact corporate earnings growth, as the reporting companies have managed to pass the higher costs on to consumers in the form of price hikes.
The resurgence of inflation is a global phenomenon. It began with supply chain disruptions and labor shortages since the world economies ended the pandemic lockdowns.
After peaking around the low $120s last month, crude oil is now trading around the $100-mark, already driving transportation costs lower, as evidenced by a sizable decline in the Baltic Exchange Dry Index.
Small businesses are still in dire straits.
Where Bitcoin is headed next.
Hiring remained hot in June in a cooling US economy, helping keep the unemployment rate steady at multi-year lows.
Marco's flip-flop on the Philippines follows China's senior diplomat Wang Yi's visit to Manila, the first foreign minister to visit the country.
The first sign is the decline in international transportation costs, as measured by the Baltic Exchange Dry Index.
According to a recent editorial, America has sought China's help to fight inflation by getting back to the negotiation table to work out a tariff reduction schedule on Chinese products.
The euro continued its slide against the dollar this week. On Wednesday morning, it was trading at $1.02, close to parity.
Russian and Chinese warships sailing near the Diaoyu Islands in the East China Sea sent a double warning to Japan.
Has the market hit bottom? While it's hard to say, there are a few things that could signal a bottom.
A labor report that comes out later this week is expected to hold some mixed news for companies and workers.
The Solomon Islands' saga could begin once the Pacific nation obtains the $100 billion loan from Chinese financial institutions its government sought.
The California government passed a bill that will send 17.5 million stimulus checks to its residents.
The fear of an impending recession dominated trade on Wall Street last week, with bond prices rising and stock and oil prices falling.
Could waiters one day be replaced by AI? Experts weigh in.
Economies are beginning to see the ugly side of inflation surface, polarizing political systems and fueling strikes and protests that disrupt economic activity.
The consensus among experts is that this option is very likely, and it will inflict more pain to Europe than to Russia.
Projections call for the S&P 500 to trade 30% higher over the next fiscal year.
On Monday afternoon, the athletic apparel giant reported earnings for the fourth quarter that ended May 31, 2022, of 90 cents, nine cents better than analysts' estimates.
The Russia-Ukraine war has brought Russia closer to India and China, which have refused to join the U.S. and EU in sanctioning Russia, with Beijing going even further.
Wall Street staged a big rally last week, driven by lower interest rates, which lured traders and investors back to equities.
How companies can attract younger talent and then go on and retain them.
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