ECONOMY

Biden criticizes 'ultra-MAGA' Republicans as inflation rises

4:45pm May 10, 2022

by Tamara Keith

Ahead of the midterm elections, President Biden is using Donald Trump's "Make America Great Again" as a label to paint the GOP as extreme on issues including the economy and abortion rights.

A gas pump is seen in a station on Feb. 1 in Houston. Gasoline prices hit a new national record, not adjusted for inflation, surpassing the previous peak set around two months ago.

Economy

Gasoline prices hit a record high, again

8:40am May 10, 2022

by Brittany Cronin

Gas prices surged to a national record, not adjusted for inflation, surpassing the previous milestone hit around two months ago. It comes just ahead of the key summer driving season.

The Work-From-Home climate challenge

6:30am May 10, 2022

by Paddy Hirsch

Companies might have thought a silver lining from the pandemic was that remote work was slashing emissions. They're thinking again.

Traders work on the floor of the New York Stock Exchange in New York City on Friday. Stocks slumped again on Monday as fears about inflation are proving hard to tamp down.

Economy

A brutal sell-off on Wall Street continues as stocks sink for a 3rd day in a row

6:40pm May 09, 2022

by David Gura

Stocks continue to slump on fears about inflation – and whether the Federal Reserve can bring down prices without sparking a recession.

Some rural schools are dipping into savings to keep up with inflation

4:41pm May 09, 2022

by Kendall Crawford

The rising cost of fuel, energy and food are straining rural school districts' already tight budgets. Many districts fear what continued inflation could mean for programming, upkeep and even staffing.

Economy

This week in economics

5:49pm May 07, 2022

by Scott Horsley

The Federal Reserve raised interest rates this week, in an effort to tamp down inflation. The Fed is worried in part about the tight job market, which saw another strong month of job growth in April.

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Economy

Why the stock market is so volatile right now

8:05am May 07, 2022

by David Gura

Wall Street's worries about the Federal Reserve's ability to deal with high inflation has led to some wild swings in the market, and that heightened volatility is likely to continue.

A woman presses a button to fill up a gas tank at a gas station in East Dundee, Ill. on March 19.

Florida approves 10 tax-free holidays for essentials like gas and diapers

8:43pm May 06, 2022

by Jaclyn Diaz

This move comes as Americans are facing inflation and high gas prices.

Economy

Latino homebuyers are most likely to use risky financing, survey finds

5:33pm May 06, 2022

by A Martínez

More than a third of the Latino households surveyed by the Pew Research Center said they'd used something other than a traditional mortgage. Alternative financing can come with high costs and risks.

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Wages are rising, but can't keep up with cost of living — and could worsen inflation

4:20pm May 06, 2022

by Scott Horsley

U.S. employers added 428,000 jobs in April, as the unemployment rate held steady at 3.6%. Stiff competition for workers is pushing up wages, which has inflation watchdogs concerned.

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