economy

commuters

Some bosses are paying workers for gas as prices hit record highs

Some companies have reportedly moved to foot the bill for their employees’ gas expenses as prices at the pump have soared to all-time highs in recent weeks. Companies are implementing gas allowances or handing out gift cards in a bid to keep their workers happy in what remains an extremely tight labor market, the Wall …

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President Joe Biden speaks during an interview with The Associated Press in the Oval Office of the White House, Thursday, June 16, 2022, in Washington.  (AP Photo/Evan Vucci)

Biden says Americans ‘are really, really depressed’

It is a national disappointment. President Biden said Thursday that Americans were “really, really depressed” after facing a continuing series of crises under his leadership. The country is grappling with runaway inflation, record gasoline prices at the pump, runaway inflation and supply shortages like infant formula – but the president has blamed America’s gloomy mood …

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Inflation rises at fastest pace in 40 years, boosted by record gasoline prices

Confused about the economy? Here’s what you need to know

“When do you think they’re going to announce we’re going into a recession?” the rapper tweeted this week. We wish we had known the answer, Cardi. After all, recession forecasting has become the national pastime of economists, market analysts, politicians and pundits around the world. Indeed, prices of just about everything continue to rise, stocks …

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