WASHINGTON — Another month, another four-decade high for inflation. For the 12 months that ended in March, consumer prices rocketed 8.5%. That was the fastest year-over-year jump since 1981, far surpassing February’s mark of 7.9%, itself a 40-year high. Even if you toss out food and energy prices — which are notoriously volatile and have […]
Thousands of central and Southern California grocery workers have voted to authorize their union to call a strike against several major supermarket chains ByThe Associated Press March 27, 2022, 9:50 PM • 3 min read Share to FacebookShare to TwitterEmail this article LOS ANGELES — Thousands of central and Southern California grocery workers have voted […]
When the pandemic first hit, Celeste Lyons quit her job at a law firm in Connecticut and started to hunker down at home, living off retirement savings and an inheritance from her parents as she tried to avoid getting sick. She wanted to work again eventually, but nearly two years went by before Lyons, 63, […]
Federal Reserve Governor Christopher Waller has no doubt about how competitive today’s housing market is. “Trust me, I know it is red hot because I am trying to buy a house here in Washington and the market is crazy,” Waller said in a speech at a housing conference. But even as home and rental prices […]
CNN — The Biden administration warned Wednesday that second Covid-19 vaccine booster shots – or a new type of vaccine, if needed – will not be free and readily available to the general public, if and when they are authorized, without additional funding from Congress. There will, however, be enough supply for seniors and immunocompromised […]
Investors are piling back into US stocks, betting that the domestic equity market can withstand new economic headwinds better than other parts of the world. The US, by contrast, is less reliable on Russian oil, while counts of Covid-19 patients admitted to hospitals have fallen substantially. And many investors believe the US economy entered the […]
Cargo ships are accumulating at one of China’s busiest ports after another Covid-19 outbreak shut down factories and warehouses in Shenzhen, raising the prospect of a new round of bottlenecks that could push up freight rates and slow deliveries. There are more than 35 ships waiting to dock in Shenzhen and another 30 farther north […]
Cargo ships are accumulating at one of China’s busiest ports after another Covid-19 outbreak shut down factories and warehouses in Shenzhen, raising the prospect of a new round of bottlenecks that could push up freight rates and slow deliveries. There are more than 35 ships waiting to dock in Shenzhen and another 30 farther north […]
Chinese stocks crashed in recent days, only to rebound with unprecedented force. To some investors, the recovery was nearly as worrying as the selloff. The turbulence follows a year-long slide that had already caused widespread investor losses. Trillions of dollars in market value across American depositary receipts, Hong Kong shares and other Chinese stocks have […]
Chinese stocks crashed in recent days, only to rebound with unprecedented force. To some investors, the recovery was nearly as worrying as the selloff. The turbulence follows a year-long slide that had already caused widespread investor losses. Trillions of dollars in market value across American depositary receipts, Hong Kong shares and other Chinese stocks have […]
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