White House cites oil 'supply issues' amid gas price surge, promises more pressure on OPEC
White House press secretary Jen Psaki said Tuesday that the Biden administration will continue pressuring OPEC members to boost oil production as gas prices reach their highest level in a decade.
Manchin says controversial IRS bank-account monitoring plan likely out of final spending bill
Sen. Joe Manchin said Tuesday that a deeply controversial proposal that would force banks to turn over most customers' account information to the Internal Revenue Service will likely be dropped from Democrats' final tax and spending bill, even after the White House agreed to narrow the scope of the plan.
US Coast Guard monitoring 'adrift shipping containers' off Pacific coast amid supply chain crisis
The U.S. Coast Guard Northwest shared on Twitter that 40 shipping containers were lost off an inbound ship west of the Strait of Juan de Fuca entrance.
China's power issue may make the global car shortage much worse
Experts say the car shortage currently plaguing the United States and other countries could get much worse due to a magnesium shortage in China and across the globe.
MBA economist says inflation not transitory: Here’s what that means for interest rates
Inflation is surging at more-than-decade highs, and now MBA's chief economist says the high rates are not transitory. Here are details on his forecast and what it means for interest rates.
Supply chain crisis leading to food, supply shortages in schools nationwide
Supply shortages and delivery delays force schools to find solutions in order for their students to receive meals.
Procter & Gamble combats inflation with price hikes in most categories
Procter & Gamble Co. is set to raise prices across the board to combat broad-based and sustained inflationary pressures.
Biden administration doesn't understand 'economics 101': US policy expert
U.S. national defense policy expert Rebeccah Heinrichs argues Biden prioritizes Democrats' agenda at the expense of average Americans.
Inflation soars to highest rate in 13 years — here's what that means for interest rates
Inflation surged at record rates, hitting 5.4% annually in September. Experts explain what that will mean for interest rates and the Fed's monetary policy.
Jobless claims drop to a fresh pandemic low
The number of Americans filing for unemployment benefits dropped to a new pandemic low last week, dipping below 300,000 for the first time since March 2020.
As congestion threatens economy, Port of Baltimore is adding more ships and running smoothly
As other major U.S. ports experience congestion, Maryland's Port of Baltimore is reportedly adding more container ships.
Fed could begin tapering bond purchases by mid-November, meeting minutes show
Most Federal Reserve officials agreed last month they could begin slowing their aggressive bond-buying program as soon as November, the first step that policymakers will take to dialing back pandemic-era support for the U.S. economy.
Accelerating Inflation Spreads Through the Economy
U.S. inflation accelerated last month and remained at its highest rate in over a decade, with price increases from pandemic-related labor and materials shortages rippling through the economy.
Social Security payments to jump most in 39 years as inflation surges
Millions of retirees and other Americans receiving Social Security benefits in 2022 are set to receive the biggest payment increase in four decades, following a pandemic-driven inflation spike.
IMF trims global growth outlook, warning of supply disruptions and surging inflation
Surging inflation and supply chain disruptions are hampering the global economic recovery from the coronavirus pandemic, the International Monetary Fund warned on Tuesday.
US headed into another recession if consumer sentiment trend continues, economists say
The U.S. economy appears to be sliding into another recession based on declining consumer sentiment – even though employment and wage growth suggest otherwise, according to two academic economists.
Top 5 richest Americans on Forbes 400 List: Who are they?
Forbes has released its 40th annual list of the 400 wealthiest people across the world and the majority are Americans.
US adds 194K new jobs, missing projected gains - here's what that means for interest rates
The August jobs report shows the U.S. added 194,000 jobs. Here's why economists were disappointed, and what that means for interest rates.
September jobs report misses with gain of just 194,000: Here's what happened
America’s employers added just 194,000 jobs in September, the second straight month of disappointing payroll growth as the spread of COVID-19 continued to dampen the labor market's recovery from the pandemic.
United Airlines flying 3,500 US flights in December; most since COVID-19 pandemic began
United Airlines announced Thursday that it would fly its biggest domestic schedule since the beginning of the COVID-19 pandemic.



















