“This summer is definitely the worst we’ve ever had,” says the American Lifeguard Association. Read More
“Let the banks lend more,” World Bank head David Malpass told the U.S. Federal Reserve. Read More
Federal Reserve Chair Jerome Powell sees two possible paths for the economy and monetary policy over the next year: With some luck, inflation will cool with...
Furious about surging prices at the gasoline station and the supermarket, many consumers feel they know just where to cast blame: On greedy companies that relentlessly...
The jet engine maker said it would be “irresponsible” to offer a “simple wage increase.” Read More
Bitcoin is down more than 15% since Friday, and global stocks are awash in red. Read More
He said a recession will “more likely than not” occur within the next two years, if not this year. Read More
“There is no subtler, no surer means of overturning the existing basis of society,” John Maynard Keynes wrote. Read More
The U.S. Treasury Secretary said ‘demand and supply’ is largely what’s driving the surge in consumer prices and denies a recession is in the works. Read...
The price of semiconductor chips, shipping, and fertilizer is receding back down to normal levels—indicating that inflation might be past its peak. Read More