Economics (420)

Baby formula is entirely out of stock in 70 percent of places where it's typically sold, and the trend isn't expected to change until at least July.

The White House seemed to sign with ease after the publication of data asserting inflation reduced in April, but President Joe Biden claimed he understood the continued pressures on household budgets.

Automakers such as Tesla and Cadillac are hiking electric vehicle prices in response to growing commodity costs like key materials required for EV batteries.

Former economic advisor to the Obama Administration, Jason Furman, slapped down Democrats’ pushing of anti-price gouging bills in Congress, stating that these bills will not bring down inflation and may even raise shortages.

As America becomes warmer, and Americans prepare for summer barbecues and game days, they might be shocked at the cost of their favorite treat: chicken wings.

In August, drivers across the nation could spend more than $6 per gallon of gas to fill up their vehicles.

The White House downplayed Wednesday’s decline in the stock market and backed the Federal Reserve’s independence after interest rate increases to limit high inflation.

Wells Fargo Investment Institute said it lowered its economic expectations with a small U.S. recession now on the apparent future in its base case scenario for the end of 2022 and early 2023, making it one of the more bearish big U.S. banks.

On Wednesday, Sen. Raphael Warnock (D-Ga.) said he’ll be meeting with President Biden to advocate student loan debt forgiveness that will be enough “to actually make a difference.” Republicans fiercely disagree.

A group of House Republicans is presenting the Babies Need More Formula Now Act on Wednesday evening to address the continuous infant formula shortage posing hardships on families throughout the United States.

X