Economy Archives - Page 17 of 21

Gas Price Jumps 33 Cents in 2 Weeks, Analysts Warn of $6 per Gallon by August

May 23, 2022 - 11:36 amMay 23, 2022 - 10:13 am by Nick R. Hamilton

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.

UK Consumer Confidence Hits Lowest Level since Records Began

May 20, 2022 - 12:52 pmMay 20, 2022 - 8:13 am by Nick R. Hamilton

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’

May 19, 2022 - 12:57 pm by Frank Bergman

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

May 19, 2022 - 11:02 amMay 19, 2022 - 10:13 am by Nick R. Hamilton

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.

Powell: Fed to Raise Interest Rates without ‘Hesitation’ until Inflation Eases

May 18, 2022 - 11:48 amMay 18, 2022 - 10:13 am by Nick R. Hamilton

Federal Reserve Chairman Jerome Powell has warned that the central bank will continue raising interest rates to combat elevated inflation until it comes down.

Jeff Bezos Praises Manchin for Stopping Biden Adding ‘Another $3.5 Trillion to Federal Spending’

May 17, 2022 - 10:50 amMay 17, 2022 - 9:43 am by David Hawkins

Amazon founder Jeff Bezos has praised Democrat Sen. Joe Manchin (D-WV) for stopping President Joe Biden from adding trillions more dollars to federal spending.