Fed Study Reveals How Long Americans Expect Soaring Inflation to Persist
A New York Fed study has revealed how much longer Americans can expect to suffer soaring inflation.
Economy
Twitter to Pay $150 Million for Improperly Selling Users’ Private Data
Social media giant Twitter has agreed to pay $150 million after it was caught improperly selling users’ private information.
Germany Narrowly Avoids Recession as Pandemic, Ukraine Invasion Weigh Heavily on Economy
Germany has narrowly avoided a recession in the first quarter as its economy comes under increasing pressure from the Ukraine invasion and the lingering impact of the pandemic.
Report Reveals Inflation’s Growing Impact on Dining Habits
Soaring inflation is having a direct impact on people’s dining habits, a new report has revealed.
Gas Price Jumps 33 Cents in 2 Weeks, Analysts Warn of $6 per Gallon by August
As the average gas price continues to soar in the United States, analysts are now warning that Americans could be paying $6 per gallon by August.
Apple Projects Billions in Lost Revenue over Supply Constraints from China Due to Lockdowns
Apple is projecting billions in lost revenue to the supply constraints placed on the company during strict lockdowns in China.
Russia Shuts Down All Gas Exports to Finland
Russia has shut down all gas exports to neighboring Finland after the Nordic country refused to pay for Russian gas supplies in roubles.
UK Consumer Confidence Hits Lowest Level since Records Began
Confidence among UK consumers has hit the lowest level since records began nearly five decades ago, according to a new report.
Wells Fargo CEO Warns Worst Is Yet to Come for Americans: ‘No Question’
The CEO of Wells Fargo Charles Scharf has warned that there’s “no question” that life is going to get far harder for many Americans before it gets better.
White House Makes Worrying Admission about Stock Market
White House Press Secretary Karine Jean-Pierre has admitted that President Joe Biden’s administration is not monitoring the stock market on a regular basis.