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 prices. The DOE approved the release …
Tag:
Surging
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Featured NewsUS and World News
Luxury Car Sales Surge Amid Global Supply Chain Disruptions And Surging Inflation
Luxury car sales surged in 2021 while mainstream car companies struggled amid global supply chain disruptions and soaring inflation, The Wall Street Journal reported. Luxury car brands, including Rolls-Royce, Bentley, …
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Featured NewsUS and World News
Thousands Of Flights Delayed, Canceled As Airlines Struggle With Surging Omicron Cases
Airlines canceled nearly 1,500 U.S. flights Wednesday, marking the 11th consecutive day of more than 1,000 cancellations, the most in a row since the beginning of the pandemic, multiple sources …
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US and World News
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 October compared to the previous …
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Business NewsUS and World News
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. The dollar store will raise …
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U.S. retail sales increased in September, beating expectations amid growing inflation and supply chain disruptions, the U.S. Census Bureau reported Friday. Retail sales increased 0.7% in September, beating experts’ estimates …
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Oil prices have surged around the world in recent weeks, which will lead to even higher inflation, according to industry experts. “Rising oil prices have been one of the biggest …
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