Analysis-U.S. yield curve prices for Fed tightening, shows fears of policy error
By Karen Brettell NEW YORK – A dramatic flattening in key parts of the U.S. Treasury yield curve is reflecting worries that the Federal Reserve …
Prices
New Zealand homes sales and prices ease in January
WELLINGTON – Compounding factors are influencing a decrease in house prices and sales activity in New Zealand, the Real Estate Institute of New Zealand (REINZ) …
‘Only A Small Cushion’: Oil Prices Surge Again As Demand Approaches Highest Level Ever
Global crude oil prices surged Friday, continuing their steady approach toward $100 per barrel, as a top energy group projected greater demand through 2022. The …
Germany and Austria told to curb boom in home prices
FRANKFURT -Germany and Austria should curb a boom in house prices by setting caps on mortgages and forcing banks to build up more capital, the …
U.S. consumer prices post largest annual gain in 40 years; weekly jobless claims fall
By Lucia Mutikani WASHINGTON – U.S. consumer prices rose solidly in January, leading to the biggest annual increase in inflation in 40 years, fueling financial …
Higher steel prices boost Thyssenkrupp amid supply chain strains
By Christoph Steitz and Tom Käckenhoff FRANKFURT – Thyssenkrupp said on Thursday that operating profit rose nearly fivefold in its first quarter, as its two …
Consumers face years of high energy prices, Big Oil CEOs warn
By Ron Bousso and Nerijus Adomaitis LONDON – Consumers should brace for years of high energy prices, heads of top oil and gas companies said, …
Equinor shareholders to get $10 billion payout as energy prices soar
By Nerijus Adomaitis and Nora Buli OSLO – Norway’s Equinor will pay out $10 billion to shareholders this year after it reported record fourth-quarter pretax …
All options on the table to address high oil prices, White House says
WASHINGTON -The Biden administration is in talks with both oil-producing and consuming countries to tackle high oil prices, White House spokeswoman Jen Psaki said on …
Carlsberg warns that higher beer prices could hit sales
By Jacob Gronholt-Pedersen COPENHAGEN -Carlsberg plans to raise beer prices to offset rising raw material costs, potentially hitting beer sales this year, the Danish brewer …
Tyson Foods’ beef profits expected to amplify concerns about high meat prices
By Tom Polansek CHICAGO – Tyson Foods Inc is expected to post strong results for its beef business in a quarterly earnings report on Monday, …
Hershey forecasts annual profit above estimates on prices increases
– Hershey Co forecast full-year profit above Wall Street estimates on Thursday, driven by higher prices for its chocolates and candies to counter inflationary pressures …
Food prices rise in Jan., led by vegetable oils, U.N. agency says
ROME – World food prices rebounded in January and remained near 10-year highs, led by a jump in the vegetable oils index, the U.N. food …
Irn-Bru maker raises prices due to fizzing UK inflation
LONDON – The maker of Irn-Bru, the iconic orange Scottish soft drink, said on Tuesday that it had increased its prices due to soaring inflation …
Biden administration to release 13 million more barrels of oil from strategic reserve
The Department of Energy (DOE) announced Tuesday the release of millions of barrels of oil from the Strategic Petroleum Reserve (SPR) to combat soaring gas …
Farms Fail As Fertilizer Prices Soar
Soaring fertilizer prices across the globe have impacted farmers making it more expensive to produce food and forcing them to cut back on production, The …
Stores Raise Prices Of Rapid COVID-19 Tests After 100-day Agreement With Biden Admin Expires
Retail giants Walmart and Kroger have each raised the price of BinaxNOW rapid COVID-19 tests after a deal made with President Joe Biden expired in …
European Natural Gas Prices Surge Higher As Russia Withholds More Supply
The price of natural gas skyrocketed more than 30% in Europe on Tuesday after Russia continued to withhold key supplies with winter weather approaching. While …
Joe Biden announces plan to take on Big Meat as meat prices continue to soar due to Bidenflation
President Joe Biden is now setting his sights on “Big Meat”, America’s alledged meat conglomerates who he claims are artificially raising the prices of meat …
Gas Prices Set To Surge Again, Industry Analysis Shows
The price of gasoline is set to increase to $4 per gallon or more within five months, according to an industry analysis released Tuesday. The …
US Home Prices Surged Almost 20% In October
U.S. home prices surged in October as the housing market remains strong after the COVID-19 pandemic, according to a key economic indicator. Home prices climbed …
European Gas Prices Hit Record After Russia Cuts Supply
European natural gas prices hit an all-time high Tuesday after Russia suddenly reversed flows through a key pipeline transporting gas to Germany. The Dutch natural …
Washington Post Contributor Says Gas Prices ‘Actually Aren’t That High’
The Washington Post published an article Thursday arguing that gasoline prices aren’t actually very high despite “recent commentary” on the issue. Rising gasoline prices are …
Dems Pop Champagne Corks Over 2 Cent Reduction In Gas Prices, Praise Joe Biden
The Democratic Party’s lead fundraising arm for electing members to the House cheered a two-cent reduction in the average price of gasoline on Thursday. The …
Coffee Prices Explode To 10-Year Highs That Could Last For Years
Coffee prices soared to a 10-year high on Monday, with experts projecting the high costs to last well into 2023, CNBC reported. Coffee contracts for …
President Biden’s Magical Thinking On Rising Gasoline Prices
Jonathan Lesser on November 30, 2021 It’s no secret that gasoline prices have increased some 50% since last year. The higher prices have rippled through …
Buttigieg Says Americans Should Buy Electric Cars So They ‘Never Have To Worry About Gas Prices Again’
Transportation Secretary Pete Buttigieg suggested that Americans worried about increasing gasoline prices should purchase electric vehicles to save money. Families that own an electric vehicle …
Thanksgiving Gas Prices Hit Highest Level Since 2012
The average price of gasoline nationwide hit its highest Thanksgiving week level since 2012, the Energy Information Administration (EIA) said. On Monday, Americans paid an …
Consumer Spending Jumped In October As Consumers Prepared For Holiday Shopping Amid Surging Prices
U.S. consumer spending grew in October as consumers prepared for holiday shopping with inflated prices and continuing supply chain issues. Household spending increased 1.3% in …
Dollar Tree Says It’s Raising Prices For The First Time In 35 Years Amid Surging Inflation
Dollar Tree announced Tuesday it is raising its prices, bringing the cost of its products over one dollar for the first time in 35 years. …
Cereal Giant To Raise Prices Next Year, Making Cheerios And Other Foods More Expensive
Another cereal giant will increase prices for many of its popular brands earlier than expected, according to CNN. General Mills notified at least one of …
Flashback: Biden Downplayed Tapping Emergency Oil Reserve, Said He Couldn’t Control Gas Prices
President Joe Biden tapped into the U.S. emergency oil reserves Tuesday despite previously throwing cold water on the idea that he said wouldn’t have much …
CNN Says Biden Is To Thank For Falling Gas Prices Days After Saying It Was Out Of His Control
CNN applauded President Joe Biden for declining oil prices on Friday, just 10 days after reporting that prices were out of his control. The news outlet …
‘A Tricky Question’: Top Biden Nominee Saule Omarova Struggles To Answer Question On Whether High Gas Prices Are Bad For Americans
Saule Omarova, President Joe Biden’s pick for a top Treasury Department position, struggled to answer whether she thinks higher gasoline prices are bad for the …
Biden Asks Asian Countries To Release Oil Reserves As Administration Scrambles To Combat High Gas Prices: REPORT
The Biden administration asked China, Japan, South Korea and India to tap into their emergency oil reserves as the president continues to grapple with rising …
Retail Sales Grew In October As Shoppers Faced Higher Prices Entering The Holiday Season
U.S. retail sales increased in October as shoppers faced the largest price increase in 30 years entering the holiday season. Retail sales, a measure of …
Granholm Says Biden Is ‘All Over’ Gas Prices, Can’t List Any Policies To Lower Prices
Secretary of Energy Jennifer Granholm said President Joe Biden is “all over” rising gasoline prices but failed to name a single administration policy aimed at …
White House Says Higher Gas Prices Show Need For Green Transition
White House press secretary Jen Psaki argued that higher gasoline prices, which critics blame the Biden administration for, highlight the need for a rapid transition …
Home Prices Soar In Third Quarter As Housing Market Remains Hot
Median home prices surged in the third quarter of 2021 in almost every housing market in the U.S., the National Association of Realtors said in …
Attorney General James Protects Supermarket Choices and Competitive Prices for Upstate New York Residents
NEW YORK – New York Attorney General Letitia James today announced an agreement that will help upstate New York residents of several cities maintain choices …
Oil Prices Surge Again After OPEC Ignores Biden
Oil prices surged again Friday after foreign producers ignored the Biden administration’s repeated requests to boost output and resolve global shortages. U.S. crude oil surpassed …
‘That Is Hilarious’: Energy Secretary Cackles When Asked About Rising Gasoline Prices
Energy Secretary Jennifer Granholm laughed out loud when asked during an interview Friday what her plan was to ease gasoline prices nationwide. “That is hilarious,” …
Cereal Giant Raises Prices Due To Inflation, Supply Chain Problems And A Labor Strike
Cereal giant Kellogg announced Thursday that it expects to raise prices as inflation, supply chain problems and a recent labor strike boosted the company’s expenses. …
A ‘Historic, Transformative’ Plan: Schumer Announces Deal To Lower Drug Prices In Spending Package
Senate Majority Leader Chuck Schumer announced Tuesday that Democrats reached an agreement to lower the price of prescription drugs, a key sticking point in their …
Bidenflation sends gas prices skyrocketting
With the New York Times reporting that “Thanksgiving 2021 could be the most expensive meal in the history of the holiday,” families are also getting crunched on another …
‘A National Security Issue’: Republicans Take Aim At Democrats Over Rising Gas Prices, Energy Costs
GOP lawmakers have turned up the heat on the Biden administration, repeatedly slamming it for rising energy prices that consumers have experienced recently. House Minority …
Gas Soars To $7.59 A Gallon In California Town As Prices Hit Multi-Year Highs Nationwide
The price of gasoline in a remote California town reached $7.59 per gallon this week as energy costs continue to rise nationwide and show no …
Procter And Gamble To Raise Prices Of Popular Goods Citing Increasing Transportation And Material Costs
Procter and Gamble said Tuesday it is raising prices on a variety of popular home goods due to a sharp increase in freight transportation and raw …
‘Americans Are Hurting’: 19 States Urge Congress To Reject Policies That Would Cause Higher Energy Prices
A 19-state coalition urged Congress to reject a proposed methane fee that would punish producers as energy prices continue to surge. The legislation would cost …
Biden Begs Oil Industry To Lower Prices As Energy Crisis Looms: REPORT
President Joe Biden recently petitioned oil industry leaders to help lower skyrocketing energy prices as cold weather approaches, Reuters reported. The White House is concerned …