Prices

Senate confirms Powell for 2nd term as Fed fights inflation

Senate confirms Powell for 2nd term as Fed fights inflation

WASHINGTON (AP) — The Senate on Thursday confirmed Jerome Powell for a second four-year term as Federal Reserve chair, giving bipartisan backing to Powell’s high-stakes efforts to curb the highest inflation in four decades. The 80-19 vote reflected broad support in Congress for the Fed’s drive to combat surging prices through a series of sharp …

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AMD Prepares New "Raise The Game" Bundle - Rushing to Counter Falling Card Prices

AMD Prepares New “Raise The Game” Bundle – Rushing to Counter Falling Card Prices

As retail video card prices drop back down to more normal prices following 18 months of cryptocurrency-fueled madness, AMD and its partners are quickly finding themselves with a new concern: AMD video card prices are dropping too much. As Ethereum mining profitability has plummeted, so has the price on video cards, especially the highest margin …

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US inflation dips from 4-decade high but still causing pain

US inflation dips from 4-decade high but still causing pain

WASHINGTON (AP) — Inflation eased slightly in April after months of relentless increases but remains near a four-decade high, imposing a continuing financial strain on American households. Consumer prices jumped 8.3% last month from a year ago, the government said Wednesday. That was below the 8.5% year-over-year surge in March, which was the highest since …

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Why US gas prices are at a record, and why they'll stay high for a long time | CNN Business

Why US gas prices are at a record, and why they’ll stay high for a long time | CNN Business

New York CNN Business  —  Russia’s invasion of Ukraine is a major reason that US drivers are paying record prices for gasoline. But it’s not the only cause of the spike. Numerous factors are pushing prices up, with regular gasoline hitting a record $4.40 a gallon Wednesday according to AAA’s survey. Gas prices were already …

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Gas prices reach record highs as Biden vows inflation top priority

Gas prices reach record highs as Biden vows inflation top priority

Placeholder while article actions load President Biden on Tuesday said tackling inflation is his top domestic priority as gas prices surged to a new high despite White House efforts to stabilize them. The average price for a gallon of gas nationwide hit $4.37, the highest price AAA has recorded since it started keeping track in …

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