Fed’s Powell facing rising criticism for inflation missteps
WASHINGTON (AP) – Federal Reserve Chair Jerome Powell won praise for his deft leadership during the maelstrom of the pandemic recession. As threats to the US economy have mounted, though,…
Biden, Chevron chief trade sharp words over gas prices
WASHINGTON (AP) – In a pointed back and forth, the head of Chevron complained Tuesday that President Joe Biden has vilified energy firms at a time when gasoline prices are…
Mark Zuckerberg showed these prototype headsets to build support for his $ 10 billion metaverse bet
] The company formerly known as Facebook said in February that it expects to spend at least $ 10 billion this year on research and development on virtual reality and…
Stephen Ross thinks recession will drive people back to office
Billionaire real estate tycoon Stephen Ross suggested Friday that a looming US economic recession could put an end to the work-from-home craze that swept the country during the pandemic. Ross,…
AP Interview: Biden says a recession is ‘not inevitable’
WASHINGTON (AP) – President Joe Biden said Thursday the American people are “really, really down” after a tumultuous two years with the coronavirus pandemicvolatility in the economy and now surging…
‘Prices will not come back down’: Americans dip into their savings to cope with record-high inflation
Americans accumulated extra savings during the pandemic, but that money is fast dwindling because of inflation. Some 70% of Americans are using their savings to cover rising prices, a recent…
Australian columnist admits mistakes in Rebel Wilson ‘outing’ controversy | CNN
Brisbane, Australia CNN – An Australian newspaper columnist has apologized for a story that appeared to accuse actor Rebel Wilson of spoiling his attempts to out her as gay. In…
The AP Interview: Sri Lanka PM says he’s open to Russian oil
COLOMBO, Sri Lanka (AP) – Sri Lanka may be compelled to buy more oil from Russia as the island nation hunts desperately for fuel amid an unprecedented economic crisisthe newly…
Worry about stagflation, a flashback to ’70s, begins to grow
WASHINGTON (AP) – Stagflation. It was the dreaded “S word” of the 1970s. For Americans of a certain age, it conjures memories of painfully long lines at gas stations, shuttered…
No, you’re not going crazy – package sizes are shrinking
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,”…