Going up! Gasoline prices rising due to market speculation in oil futures, and lower supply, too, as … [+] Washington and Brussels’ disdain for fossil fuels exacerbates the problem caused by the Russian war with Ukraine. (Photo by Win McNamee/Getty Images) Getty Images This week, the White House blamed Russia for an inflation rate that…
Biden speaking Tuesday in the Roosevelt room at the White House. Getty Images Is too much inflation crushing your summer vacation plans? President Joe Biden has a holiday for you — at the gas pump. Biden is set to request from Congress a three-month, emergency relaxation of the federal tax on gasoline. By removing that…
TOPSHOT – A vechile passes an anti-Brexit pro-Irish unity billboard seen from the Dublin road in … [+] Newry, Northern Ireland, on October 1, 2019 on the border between Newry in Northern Ireland and Dundalk in the Irish Republic. – Britain will give the EU new proposals for a Brexit deal “shortly”, Prime Minister Boris…
Business man showing his empty pockets on gray background getty In investing, as in life, we humans tell ourselves a lot of stories to make critical decisions. In financial matters, to the extent that these stories are emotional and not fact-based, they are fraught with danger. In this market, these stories may already have cost…
(From R) Saudi Arabia’s Energy Minister Khalid al-Falih, Russia’s Energy Minister Alexander Novak, … [+] Kuwait’s Oil Minister Essam al-Marzouk and OPEC Secretary General Mohammad Barkindo attend a meeting of the 4th OPEC-Non-OPEC Ministerial Monitoring Committee in St. Petersburg on July 24, 2017, where OPEC coutries led by Saudi Arabia meet other large non-cartel producers,…
Spiking energy prices are taking a bite out of consumers’ wallets. getty “We’re going to make sure everyone knows Exxon’s profits. Exxon made more money than God last year,” President Biden said Friday at an event near the port of Los Angeles. The S&P 500 Energy sector has returned 61 percent year-to-date compared to a…
BAGHDAD, IRAQ – APRIL 24: Fire burns from an oil distillation tower at the Al-Doura Oil Refinery … [+] April 24, 2003 in Baghdad, Iraq. The refinery, built in 1952, is the largest in Baghdad and would typically produce 110,000 barrels of oil a day. However, due to the problems associated with war, it is…
WASHINGTON, DC – MARCH 14: Prices for gas at an Exxon gas station on Capitol Hill are seen March 14, … [+] 2022 in Washington, DC. The cost of gasoline continues to rise across the globe and in the United States due to the Russian invasion of Ukraine and continued inflation associated with the global…
Coon Rapids, Minnesota. Billboard on the cruelties of inflation.. (Photo by: Photographer … [+] name/Universal Images Group via Getty Images) UCG/Universal Images Group via Getty Images The Bureau of Labor Statistics released its May report on inflation, which increased 8.6% on an annual basis. This is the highest reading since December 1981 when Paul Volker…
With interest rates on federal student loans set to rise for borrowers who attend college during the 2022-23 academic year, it’s only natural to wonder if you could score a cheaper loan rate elsewhere. After all, private student loan companies are still advertising variable rates as low as 1.19%, and even fixed rates as low…