As energy prices soar, Biden administration jacks up costs to drill on public lands
Pipeline welder Lynn Bugsy Allen claims she’s barely surviving after Biden canceled the Keystone XL pipeline. The Biden administration on Friday finalized rules that would make it more expensive for oil and gas companies to drill on public lands, even as energy prices and inflation remain on the rise. The Department of the Interior announced […]
Inflation: How much prices for important goods and services have risen under Biden
Prices are up nearly 19% across the board since President Joe Biden entered office, meaning households are suffering sticker shock even if the inflation rate has moderated in recent months. Inflation, as tracked by the consumer price index, rose to 3.5% for the year ending in March, the Bureau of Labor Statistics reported Wednesday. Overall, […]
Inflation Spikes Streaming Prices, Piracy Rises, Studios Push for Site-Blocking Laws
Hollywood’s major studios are panicking as video piracy is on the rise again, and the industry’s main lobbying group is pushing Congress to take action against piracy sites that are increasingly eroding studio profits. I am requesting that. At CinemaCon in Las Vegas this week, the Motion Picture Association of America (MPA) announced it would […]
‘Drives me absolutely insane’: Sticker shock at the pump as gas prices up over 50% since Biden took office
Americans fill up their tank of gas at a gas station in Alexandria, Virginia, reacting to the more than 50% increase in gas prices since President Biden took office in January 2021. As gas prices soar under President Biden’s watch, some Americans are facing “painful” and “ridiculous” receipts at the pump, a Virginia gas station […]
Producer prices come in softer than consumer prices in March
After consumer prices rose, producer prices rose less than economists expected in March, providing some relief to analysts and suggesting that underlying inflation may still be easing. suggested. The Labor Department’s Producer Price Index (PPI) rose 0.2% last month, lower than the expected 0.3%. The index rose 0.6% in February and 0.4% in January. PPI […]
Core Producer Prices Up The Most Since September
Prices charged by U.S. producers of goods and services rose 2.1% in the 12 months that ended in March, outpacing the annual inflation rate of 1.6% recorded the previous month. Despite the year-over-year increase in inflation, there was some good news in the Bureau of Labor Statistics’ Final Demand Producer Price Index (PPI). The month-on-month […]
In-N-Out President Lynsi Snyder went ‘toe-to-toe’ to keep menu prices down
The billionaire president of In-N-Out is doing everything he can to keep costs down as California’s fast-food industry faces soaring menu prices amid inflation and the Golden State’s new minimum wage hike. At the company meeting, he said he had worked “with all my might.” Lynsey Snyder, who took over the family-owned burger chain in […]
Daycare and School Prices Soar
American households are bearing the brunt of rising inflation under President Joe Biden. Daycare and school costs have soared by nearly 5% since March Consumer Price Index (CPI) data was released in 2023. Wednesday show: — Elementary and high school tuition and fees: 4.8% increase 0.0% increase since March 2023 / since February 2024 — […]
Bidenflation Hits Auto Repairs, Car Insurance, and Even Parking Prices
The price of car ownership continues to accelerate for American workers under President Joe Biden. Prices for auto repairs, auto insurance and parking have risen since 2023, according to March Consumer Price Index (CPI) data. released Wednesday: — Automotive maintenance and repair: 8.2% increase Up 1.7% since March 2023 / since February 2024 —Auto insurance: […]
March inflation breakdown: Where are prices rising the fastest?
The “Morning with Maria” panel discusses the U.S. economy and markets after January’s CPI of 3.1% year-over-year. Inflation rose faster than expected in March as rising rent and gas prices kept prices painfully high for millions of Americans. The Labor Department said Wednesday that the Consumer Price Index (CPI), which measures the price of daily […]