Gasoline could hit $5 a gallon this summer, causing more pain for consumers

Current gasoline prices are shown in Garden Grove, California, March 29, 2022. Mike Blake | Reuters Gasoline prices are an alternative ticket to consumers’ wallets this summer, as supply shortages and uncertainty in Ukraine could drive up fuel costs sharply. Gasoline prices are up around $5, and look like they’ll stay high even after the … Read more

The European Union is rushing to develop a $300 billion roadmap to get rid of Russian energy

Brussels (AFP) – The European Union’s executive arm moved on Wednesday to move the 27-nation bloc’s plans to ditch Russian energy amid the Kremlin’s war in Ukraine.By proposing a package worth about 300 billion euros ($315 billion) that would include more efficient use of fuels and a faster roll out of renewable energy. The European … Read more

What Walmart, Target, Home Depot, and Lowe’s Tell Us About the Economy

To what extent can the American consumer bear a rise in inflation rates? This depends on who you ask. Four major retailers – WalmartAnd GoalAnd Home Depot And Louie They announced their quarterly financial results this week, and each offered a different view of where and how people spend their money. Walmart said some of … Read more

Rand Paul says the timing of the $48 billion COVID trade rescue is inappropriate due to historical inflation

Former USS Cole commander Kirk Leibold says Senator Rand Paul cannot “play money games” because “lives are at stake” amid Russia’s invasion of Ukraine. except: Republican Senator Rand Paul is pressing the $48 billion business rescue bill, which he calls a “poorly targeted spending spree,” amid growing concerns about historic inflation. On Tuesday evening, Senate … Read more

Yellen warns of global “stagflation” risks from gas and food prices

Placeholder while loading article actions Treasury Secretary Janet L. Yellen said on Wednesday that Americans should not expect immediate relief from higher gas prices, but emphasized that increases in global supply are likely to ultimately provide long-term relief for motorists at the pump. Yellen also warned that slow growth could combine with inflation around the … Read more

Milk Prices: Why You Might Pay 50% More This Year

Prices are rising in Fastest pace in decadescreating a cost-of-living crisis that is forcing people around the world to make difficult choices about what they buy. The UK is no exception: inflation hit A 40-year high at 9% In April it is expected to Peak above 10% Near the end of this year. The High … Read more

Countries ban food exports amid rising prices and inflation

India has banned wheat exports as grain prices soar this year due to the Russo-Ukrainian war. T. Narayan | Bloomberg | Getty Images India banned wheat exportsIt became the latest country to do so with grain prices soaring this year in part because of the Russo-Ukrainian war. The war caused a sharp rise in wheat … Read more

UK inflation jumps to 40-year high at 9% as food and energy prices soar

A customer pays his fruits and vegetables in £10 coin, at a dealer’s market stall in London on May 12, 2022. – The British economy contracted in March due to the fallout from high inflation, raising the possibility of the country falling into recession. Official first-quarter data on Thursday showed that after strong production in … Read more

China suggests easing tech-related strictures, but don’t expect a shift in policy

China has shown signs of easing its crackdown on the technology sector that has wiped out billions of dollars from the value of its flagship companies. But analysts said Beijing’s recent positive rhetoric should not be confused with policy reversal. “I think the big tech companies will have a grace period maybe for the next … Read more