Fuel is a problem for business and consumers – why prices are so high

A sign displays gas prices at a gas station on May 10, 2022 in San Mateo County, California. Liu Guangan | China News Service | Getty Images It’s impossible to overlook the skyrocketing price of gasoline and right in the head of consumers’ minds as big billboards advertise that gas is now $4, $5 and … Read more

New Zealand distributes additional funds to combat the “inflation storm” | Health, medicine and fitness

By Nick Perry – The Associated Press Wellington, New Zealand (AFP) – The New Zealand government said Thursday it will distribute a few hundred extra dollars to more than two million low-income adults to help them navigate what it describes as the “peak of a global inflation storm”. The payments are part of a package … Read more

Explainer: Why is Wall Street so close to a bear market?

New York (AFP) – Bears are heading towards Wall Street. This year’s stock market slump has pushed the S&P 500 index close to what’s known as a bear market. High interest rates, high inflation, the war in Ukraine and a slowing Chinese economy have caused investors to reconsider the prices they are willing to pay … Read more

Musk and Bezos agree to determine who is responsible for inflation

It’s rare to see Elon Musk and Jeff Bezos agree on things. The first is the world’s richest man, with an estimated fortune of $213 billion as of May 16, according to Bloomberg Billionaire Index. The second is the second richest man on the planet. His fortune is estimated at $135 billion. Musk and Bezos … Read more

National gas averaged $4.48 per gallon, $5.98 for some states as costs rose 40 cents in one month

Gas prices jumped to another record high with the national average coming in at $4.48 a gallon today. Prices are up 15 cents over the past week, 40 cents over the past month and $1.43 in a year, according to the American Automobile Association. Meanwhile, some states – such as California – reported a price … Read more

The Federal Reserve has a new plan to avoid a recession: a party like 1994

New York CNN Business – Wide leg jeans, butterfly clips, and half-dot rate hikes: The ’90s are back. Earlier this month, Federal Reserve Chairman Jerome Powell announced a half-percentage point increase in interest rates, the largest in more than two decades. Powell also indicated that he would not hesitate to do it again – a … Read more

The Big Read: As households face soaring electricity prices, being environmentally friendly can also be environmentally friendly.

“The recovery from COVID-19 has increased the demand for oil, such as its use in industries, trade and transportation, and therefore the price of oil has increased,” said Assistant Professor Zhang. He added, “The Ukrainian-Russian war affected oil production and supplies (so) oil prices increased… As long as the war continues, the price is expected … Read more

In a volatile market, what should investors be looking for this week

The Sensex and Nifty 50 both fell about 4% last week (May 9 to May 13). Although the last two trading sessions were moderately red and tilted almost towards the flat stick, the tone remained bearish. On Friday, the Sensex closed at 52793.62, down 136.69 points, or 0.26%. Heavyweights SBI, ICICI Bank, Axis Bank, Bharti … Read more

The slow crash on Wall Street is likely not over yet

After dropping for six consecutive days, US financial markets rebounded on Friday, with all major stock indexes posting gains, and Nasdaq posting its biggest percentage gain – 3.8 percent – since November 2020. Some crypto-assets also rose sharply, providing The appearance of green on the trading screens is a relief that investors desperately need. However, … Read more