How releasing federal oil reserves affects the price at the pump
Ayesha Rascoe talks to energy analyst Kevin Book about the U.S. Strategic Petroleum Reserve and what role it plays in prices at the gas pump.
Economy
Young women earn more than young men in several U.S. cities
In 22 of 250 metro areas, women under the age of 30 earn as much or more than their male counterparts, a Pew Research Center report found.
He was fired by Amazon 2 years ago. Now he's the force behind the company's 1st union
Chris Smalls didn't rely on traditional labor groups for funding or organizing power. Instead he raised money through GoFundMe and talked to former coworkers at their bus stop and over S'mores.
Week in politics: Jobs grow; Biden to release reserve oil; logs missing on Jan. 6
The U.S. economy continues to create new jobs at a rapid pace. President Biden taps the strategic petroleum reserve to lower gas prices. Also, the seven-hour gap in White House logs on Jan. 6, 2021.
Employers continue hiring spree even as war in Ukraine ratchets up economic fears
U.S. employers added 431,000 jobs in March, as the unemployment rate fell to 3.6% from 3.8% in February. The tight job market is putting upward pressure on both wages and prices.
Chicago Mayor Lori Lightfoot proposes gift cards to help residents pay for gas
The proposal also includes transit cards that will help Illinois residents paying an average of $4.46 per gallon at the pump, compared to a national average of $4.23.
Food prices are going up — and at levels Americans haven't seen in decades
The USDA's latest report found that nearly all major food groups are going up in price.
Cities like Tulsa in Oklahoma are paying people to move there
Many workers now have the ability to work remotely. And cities across the country are trying to lure these workers with cash and other perks.
It's been a volatile quarter on Wall Street, fueling fears about a possible recession
On Wall Street, the first quarter of 2022 was characterized by extreme volatility, as the Federal Reserve started to hike interest rates to fight surging inflation and Russia invaded Ukraine.
Biden plans a major withdrawal from the country's oil reserves to control gas prices
The decision comes as prices have spiked since the U.S. and allies have imposed steep sanctions on Russia over its invasion of Ukraine.