China’s consumer price index hit a two-year high in July as pork prices rebounded, according to official data released Wednesday. Prices of pork, a food staple in China, rose by 20.2% in July from a…
via N509FZ, CC BY-SA 4.0
.jpg){kind=link}
Federalreserve, Public domain, via Wikimedia Commons
Yellen Says No Signs of Recession Despite GDP…
Treasury Secretary Janet Yellen said Thursday that the U.S. economy doesn’t appear to be in a recession despite two straight quarters of negative gross domestic product (GDP). During a Thursday press conference after the release of GDP…
Senators are advancing a computer chips bill. They…
Senators are moving forward this week on a scaled-back package to boost domestic computer chip production. They just don’t know what’s in the bill yet. The Senate on Tuesday took the first step to advance…
California Refuses to Back Down to Trucker Protests
California Gov. Gavin Newsom is digging in against protesters who this week shut down most operations at the Port of Oakland, saying truckers “should focus on supporting this transition” to a new employment law, even…
Report: Inflation Soars to 9.1%
The Consumer Price Index (CPI) rose 9.1% between June 2021 and June 2022, meaning that inflation once again surpassed record highs, a Wednesday morning report from the U.S. Bureau of Labor Statistics showed. The most recent year-over-year inflation figure…
Credit card interest rates surge to record levels…
As credit card debt in the United States continues to swell amid unbridled inflation, average annual percentage rates for new credit cards are hitting record highs. “Credit card interest rates are basically the highest they’ve ever been. I’ve…
Mclaren 720s New Car
Average Car Payment Hits New Record Causing Americans…
The average car is getting less affordable for the average person, with typical monthly payments hitting all-time highs. According to a report by Cox Automotive and Moody's Analytics, the affordability of new vehicles continued to climb in…
Biden Falsely Claims U.S. Inflation at a Fraction…
President Joe Biden once again falsely claimed that inflation in the U.S. is lower than the rest of the world during a Thursday press conference. Biden made the statements in response to questions from reporters…
California Governor Gavin Newsom via Wikimedia Commons
California Governor Pledges New Stimulus Payments to Residents
California Gov. Gavin Newsom announced on Sunday that he and the state's legislative leaders have agreed on a framework for the 2022-2023 state budget, which includes stimulus payments to help residents deal with rising inflation and gas prices. "California's…