Kevin Warsh says Fed has ‘no tolerance’ for inflation in first testimony as chairman
Fed Chairman Kevin Warsh on Tuesday stuck to his hawkish, anti-inflation stance during his first appearance before Congress since taking ...
Tag: inflation
Big egg producers artificially inflated prices as Americans struggled to buy groceries, must now pay $3.3M: DOJ
Rigged egg-flation. Three of the US’s major egg producers had been artificially inflating prices of the shelled food — spiking ...
Digital price tags are spreading at retailers like Walmart — and sparking ‘surveillance’ fears
The growing use of digital price tags at Walmart and other big US retailers is stirring fresh anxiety that prices ...
Inflation tops 4% for the first time in three years as Iran war drives energy costs higher
Inflation shot past 4% in May for the first time in three years as higher energy costs amid the war ...
US employers add 115K jobs in April — another surprisingly strong report despite Iran war
Hiring was surprisingly strong in April for the second month in a row, signaling the labor market may be withstanding ...
Shake Shack shares shook by sales shock, sliding 30%
Shake Shake’s shares tumbled 30% on Thursday after it blamed disappointing financial results on bad weather, high beef prices and ...
Fed’s preferred inflation gauge hits 3-year high as gas prices spiked on Iran war
US inflation accelerated in March as the Iran war raised gasoline prices, bolstering financial market expectations that the Federal Reserve ...
Paying for a funeral would force more than half of Americans into debt: study
A funeral is one of the few costs in life that’s guaranteed – but more than half of Americans admitted ...
Mamdani’s $30M plan to open NYC-owned supermarket stuns grocery executives
Mayor Zohran Mamdani’s plan to build a $30 million, city-owned grocery store in Harlem next year has stunned supermarket executives ...
US home foreclosures rise for 12th straight month, with owners of nearly 40K homes affected: report
The number of Americans facing home foreclosures jumped for the 12th month in a row last month, hitting the owners ...
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