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 Guanguan | China News Service | Getty Images The surge in gasoline prices is impossible to miss and at the top of consumers’ minds as large billboards announce that gas now costs $ 4, or $ … Read more

North Korea’s suspected COVID-19 caseload nears 2 million

SEOUL, South Korea (AP) – North Korea on Thursday reported 262,270 more suspected COVID-19 cases as its pandemic caseload neared 2 million – a week after the country acknowledged the outbreak and scrambled to slow infections in its unvaccinated population. The country is also trying to prevent its fragile economy from deteriorating further, but the … Read more

EXPLAINER: Why is Wall Street close to a bear market?

NEW YORK (AP) – The bears are rumbling toward Wall Street. The stock market’s skid this year has pulled the S&P 500 close to what’s known as a bear market. Rising interest rates, high inflation, the war in Ukraine and a slowdown in China’s economy have caused investors to reconsider the prices they’re willing to … Read more

Biden’s burdens grow: Sagging global economy adds to US woes

WASHINGTON (AP) – As President Joe Biden embarks for Asia on Thursday, he’s facing a new risk at home for the economy and his Democratic Party: a global slowdown caused by Russia’s invasion of Ukraine and the pandemic shutting down Chinese cities and factories. The world economy can’t cast US ballots. But it’s a hidden … Read more

As inflation slows and ruble rallies, Russia is hoping to avoid a crisis

Russian President Vladimir Putin. Pool | Reuters Russia believes it has swerved a financial crisis as its currency rallies and economic data improves, but strategists say the numbers mask some ugly truths for Moscow. Although inflation in the country is running hot, there are signs that price rises are slowing and will continue to do … Read more

What experts say to do if inflation has you worried about retirement

Geber86 | E + | Getty Images Inflation may have you worried about your retirement. Prices have been rising on everything from food to housing. In April, the consumer price index, which measures the prices of goods and services, notched an 8.3% increase from the year-earlier period. In fact, 70% of Americans are calling inflation … Read more

Indonesian farmers decry palm oil export ban as prices plummet | Food

Medan, Indonesia – Indonesia, the world’s largest producer of palm oil, has struggled with rising prices and low stocks of cooking oil amid a surge in global prices of the raw ingredient. Citing the need to control the price spikes, which have been exacerbated by the Ukraine war, disappointing harvests and the COVID-19 pandemic, Indonesian … Read more

Silicon Valley supply chain fixer Flexport tops CNBC Disruptor 50

After a year in which supply chain bottlenecks rolled the global economy, Flexport, which uses technology to improve supply chains, reaches the top of the CNBC Disruptor 50 list. Freight forwarding, the official name for the industry Flexport is disrupting, is the centuries-old, trillion-dollar global business of matching companies that make stuff with companies that … Read more

US pilot shortage forces airlines to cut flights, scramble for solutions

Airline pilots walk through the Ronald Reagan Washington National Airport on December 27, 2021 in Arlington, Virginia. Anna Moneymaker | Getty Images The United States is facing its worst pilot shortage in recent memory, forcing airlines to cut flights just as travelers are returning after more than two years of the Covid-19 pandemic. The crisis … Read more

4 reasons the economy looks like it’s crumbling – and what to do about it

Pretty much anyone who wants a job can have one. The economy is so hot that prices are surging faster than at any point since the 1980s. The housing market is on fire. Consumers are spending like crazy. Yet we keep hearing the word “recession” like it’s 2007 all over again. What gives? The truth … Read more