First on CNN: White House Explores Emergency Diesel Reserve Utilization to Ease Price Rise

Diesel is a vital fuel for the American economy, providing not only power for agricultural and construction equipment, but also trucks, trains, and boats that move goods across the country. Extremely high diesel prices are likely to pass on to families, contributing to America’s worst inflation crisis in four decades. Diesel stocks in the Northeast … Read more

Biden launches Indo-Pacific trade deal, warns of inflation

TOKYO (AFP) – President Joe Biden on Monday launched a new trade deal with 12 Indo-Pacific nations aimed at boosting their economies as he warned Americans worried about rising inflation that it “will be a burden” before they can get comfortable. The president said he doesn’t think recession is inevitable in the United States Biden, … Read more

The main cause of inflation may have reached its peak; This is good news for consumers but bad news for trucking companies

Note these factual stats: Spot truckload rates have fallen by about a third since the beginning of the year, while truckload contract rates are up. The difference between truckload and contract rates is close to an all-time high. Spot rates always lead contract rates, usually by around three months. Shippers (companies that buy trucking capacity … Read more

Ukrainian forces prepare for possible attack on Belarusian border | Ukraine

Ukrainian forces have built a new line of defenses along the country’s previously unfortified northern border Belarus Amidst signs of another attack. Russian forces invaded Ukraine They crossed the Belarusian border in February when they tried to capture the capital, Kyiv. On May 10, the commander of the Belarusian army, Viktor Golevich, announced the deployment … Read more

Why can’t Washington have an honest discussion about inflation?

CNN – economic inflation It bothers Americans for very good reasons. It drains their wallets, raises concerns about the future and puts the national economy at risk. However, the political talk about inflation is not very good. In fact, it’s pretty much charade, with just enough ruse to get through all the actors involved. Republicans, … Read more

Defenders of the Ukrainian steel plant declare the completion of the task after the evacuation of fighters to the areas controlled by Russia

Efforts were underway on Tuesday to rescue the last defenders inside the Azovstal steel plant in the devastated port city of Mariupol after Ukrainian officials said the fighters had “completed their mission” and that there was no way to liberate the plant by military means. The Ukrainian military avoided using the term “surrender” to describe … Read more

Musk and Bezos agree to determine who is responsible for inflation

It’s rare to see Elon Musk and Jeff Bezos agree on things. The first is the richest man in the world, with an estimated fortune of $213 billion as of May 16, according to Bloomberg Billionaire Index. The second is the second richest man on the planet. His fortune is estimated at $135 billion. Musk … Read more

Some factories may leave China, but the big picture doesn’t matter

China still holds the cards for global supply chains, whether or not the Covid shutdown frustrates businesses in the near term. An employee works on a 5G smartphone screen production line at a factory on May 13, 2022 in Ganzhou, Jiangxi Province, China. Zhou Haiping | China Optical Group | Getty Images BEIJING – China … Read more

The Federal Reserve has a new plan to avoid a recession: a party like 1994

Earlier this month, Federal Reserve Chairman Jerome Powell announced a half-percentage point increase in interest rates, the largest in more than two decades. Powell also indicated that he would not hesitate to do it again – a straightforward move from the central bank’s playbook of 1994, when the Fed last smoothed out the US economy … Read more

Stocks can go down a lot more

New York CNN Business – Stocks have been falling all year. The Nasdaqdown nearly 25% in 2022, in a alcohol market. The Standard & Poor’s 500 It is on a six-week losing streak and about 16% below its all-time high. but it’s possible Stores Still have more room to fall? Some would argue that the … Read more