Amazon founder Jeff Bezos once again went after President Joe Biden for the White House’s policies regarding inflation – and took credit for deficit reduction in a tweet on Sunday. Bezos, retweeting an account that goes by the name @ne0liberalargued that the inflation crisis could have been made worse if not for West Virginia Senator…
Tag: inflation
Jeff Bezos says Manchin saved Biden administration ‘from themselves’
Amazon founder and billionaire Jeff Bezos said in a tweet on Sunday that Sen. Joe Manchin (DW.Va.) had saved the Biden administration “from themselves” by blocking spending proposals that Bezos said would have further fueled inflation. In a tweet on Sunday, Bezos said that the Biden administration “tried hard to inject even more stimulus into…
The Big Read: As households face soaring electricity prices, being eco-friendly can be wallet-friendly too
“The recovery from COVID-19 has increased demand for oil, such as for use by industries, commercial and transport, so the price of oil increased,” said Assoc Prof Chang. “The Ukraine-Russia war affected production and supply of oil (so) it also increased oil prices … As long as the war continues, the price is expected to…
Inflation threatens summer vacation plans for millions of Americans
Soaring inflation threatens to travel plans for millions of Americans, as surging demand for trips and vacations drives prices higher. On Saturday, gasoline hit a new record high of $4.45, and the start peak summer travel season is still several weeks away. Earlier this week, federal inflation data showed that airfares are up 33 percent…
Fewer Americans rating personal finances positively as prices rise: poll
Fewer Americans rate their personal financial situation positively as prices continue to rise amid record inflation in the US, a new Gallup poll shows. The new poll published Thursday found that 46 percent of those surveyed said their current financial situation is either “excellent” or “good,” which is down from 57 percent in 2021. When…
4 reasons the economy looks like it’s crumbling — and what to do about it
New York CNN Business — The American economy is super weird right now. 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…
Amazon’s Bezos criticizes Biden over inflation tweet
Amazon CEO Jeff Bezos speaks during the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 2, 2021. Paul Ellis | Reuters Amazon founder Jeff Bezos took aim at President Joe Biden on Friday over a tweet that said inflation could be brought down by taxing wealthy corporations. Biden earlier in the day tweeted:…
Jeff Bezos calls on Biden’s new disinformation board to review his tweet about inflation
Amazon founder Jeff Bezos asked the Biden Administration’s new Disinformation Board to review the president’s tweet claiming that growing inflation could be tamed by raising corporate taxes. Joe Biden, who has faced criticism over the 40-year high rates which hit 8.3 percent, tweeted on Friday that taxing corporations more would help ease the economic strain…
Wall Street rallies at end of roller coaster week
> Wall Street rallies at end of roller coaster week – YouTube新功能 .
Mortgage Rates Hit 12-Year High; Homebuyers Take a Hit
The woes continue to mount for the housing market, especially prospective homebuyers. The latest bad news: the 30-year fixed-rate mortgage averaged 5.30% in the week ended May 12, the highest since July 2009, according to housing agency Freddie Mac. That compares to 5.27% a week earlier and 2.94% a year earlier . This means a…