Prices

Oil price cap could strike Russia's war chest — if enforced

Oil price cap could strike Russia’s war chest — if enforced

GARMISCH-PARTEIRCHEN, Germany (AP) — Leaders of the world’s biggest development are weighing a cap on the price of Russian oil meant to strike at the main pillar of the Kremlin’s finances following its invasion of Ukraine — and to limit the havoc that high energy prices are wreaking worldwide. Details haven’t been agreed at the …

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Turkish lira whipsaws following new loan ban that's set to affect thousands of companies

Turkish lira whipsaws following new loan ban that’s set to affect thousands of companies

A money changer holds Turkish lira and US dollar banknotes at a currency exchange office in Ankara, Turkey December 16, 2021. Cagla Gurdogan | Reuters Turkey’s currency, the lira, enjoyed a much-welcomed boost on Monday and the preceding Friday after the country’s banking regulator announced a ban on lira loans to companies holding what it …

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More than half of Americans live paycheck to paycheck amid inflation

More than half of Americans live paycheck to paycheck amid inflation

With inflation at 40-year highs, workers across all income levels are having a harder time making ends meet. As of May, 58% of Americans — roughly 150 million adults — live paycheck to paycheck, according to a new LendingClub report. That’s down slightly from 61% who reported living paycheck to paycheck in April, but up …

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Did corporate greed fuel inflation? It's not biggest culprit

Did corporate greed fuel inflation? It’s not biggest culprit

WASHINGTON (AP) — 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 jack up prices and pocket the profits. Up to that sentiment, the Democratic Respond-led House of Representatives last month passed on a party-line vote — most …

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Consumer sentiment survey followed by the Fed shows inflation expectations ease slightly

Consumer sentiment survey followed by the Fed shows inflation expectations ease slightly

A shopper inside a women’s clothing store in the East Village neighborhood of Des Moines, Iowa, on Saturday, Feb. 5, 2022. Kathryn Gamble | Bloomberg | Getty Images A widely followed consumer sentiment survey released Friday showed inflation had eased slightly. The University of Michigan’s Surveys of Consumers said consumers expect inflation to rise at …

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U.S. weekly jobless claims grind lower amid tight labor market

U.S. weekly jobless claims grind lower amid tight labor market

People walk past a “We’re Hiring” sign posted outside of a restaurant in Arlington, Virginia on June 3, 2022. Olivier Douliery | AFP | Getty Images The number of Americans filing new claims for unemployment benefits edged down last week as labor market conditions remained tight, though some slowing is emerging. Initial claims for state …

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