Russia-Ukraine war: South Korean vaccine manufacturer braces for complications
A South Korean pharmaceutical company manufacturing Russia’s COVID-19 vaccine said it is bracing following the West's sanctions against Russia over the invasion of Ukraine.
Inflation nation: These states are paying the highest prices
Inflation is sky-high at the national level, but regional inflation in some pockets of the nation is taking a bigger bite out of household budgets.
Pending home sales slump
Contract signings for home sales fell in January with inventory at a record low.
Next threat to prices: A surge in costs to ship products
Container ship operators and big importers like IKEA and Walmart Inc. will soon negotiate freight rates that could affect the prices consumers pay for everything from jeans to cars.
Fed's battle against inflation could slow economic growth: Fannie Mae
The Federal Reserve says that it's prepared to begin fighting rising inflation, a move that could slow economic growth, according to Fannie Mae.
US economic growth revised up to 7% for end of 2021, before omicron impact
U.S. economic growth was revised slightly higher in the final months of 2021, helping the nation record its best year for growth in nearly four decades before the omicron variant dampened consumer spending.
US facing worst worker shortage since WW2, Goldman says
The U.S. economy is facing the worst labor shortage in close to a century, according to new research, raising the prospect of prolonged higher-than-usual inflation.
Russia-Ukraine crisis could have ‘real repercussions’ on Americans’ wallets, expert warns
Experts and lawmakers sound the alarm on how conflict between Ukraine and Russia poses threats of a cyberattack and surging food prices.
Biden claim that supply chain is to blame for inflation is 'totally dishonest,' Obama-era official says
President Biden has repeatedly blamed tangled supply chains for the surging inflation that has seeped into every part of the U.S. economy – but a former Obama administration official on Thursday dismissed that as a "totally dishonest" argument.
Jobless claims unexpectedly climb to 248,000
The number of Americans filing for unemployment benefits unexpectedly ticked up last week, despite elevated business demand for workers and easing omicron cases nationwide.
Retail sales rise faster than expected in January despite surging inflation
U.S. consumers accelerated their retail spending in January as COVID-19 cases eased nationwide, even as they confronted the hottest inflation in four decades.
White House looking for another $30B as COVID-19 pandemic continues
The Biden administration is telling Congress that it needs an additional $30 billion to press ahead with the fight against COVID-19, officials said.
Inflation hits new 40-year high in January
Inflation surged to a new 40-year high in January. This comes as the Federal Reserve is expected to raise interest rates next month to combat inflation levels.
Wholesale prices likely surged again in January as inflation accelerates
Wholesale prices likely accelerated again in January as strong consumer demand and pandemic-related supply-chain snarls continued to fuel the highest inflation in decades.
Soaring inflation is likely costing Americans an extra $276 a month
The average American is shelling out an extra $276 a month because of the highest inflation in four decades, according to a new Moody's Analytics analysis.
Americans' inflation fears decline for first time in over a year, New York Fed survey shows
The New York Federal Reserve said Monday that Americans' inflation fears declined for the first time in over a year in January, although concerns over rising prices remained near a record-high level.
Consumer confidence tumbles to 11-year low as inflation skyrockets
U.S. consumer confidence plunged to an 11-year low in early February, reflecting heightened concerns among Americans about hotter-than-expected inflation and the skyrocketing price of everyday goods.
Goldman forecasts 7 Fed interest rate hikes in 2022 instead of 5 as inflation rages
Goldman Sachs now sees the Federal Reserve hiking interest rates at every meeting for the remainder of the year as central bank policymakers look to tackle hotter-than-expected inflation.
Red-hot inflation gave most Americans a pay cut in January
The tightest labor market in years is fueling rapid wage gains for most workers – the only problem is that red-hot inflation is quickly eroding those increases.
January inflation breakdown: Where are rising prices hitting Americans the hardest?
American households are grappling with the steepest price increase in four decades, paying more for everything from cars to gasoline to food as uncomfortably hot inflation erodes most workers' wage gains.


















