Kat LeeThe Fed just raised interest rates by another 0.75%—here are 5 things that will be more expensiveverified_publisherCNBC - Mike WintersTo combat untamed inflation, the Federal Reserve raised its key interest rate by another 0.75% on Wednesday — further increasing how much consumers …
Kat LeeRussia’s Hilariously Bad Excuses for Why Everything SucksThe Daily Beast - Shannon VavraKremlin officials are bending over backwards trying to explain the hardships Russia is facing as a result of Putin’s war. The excuses they’ve come up …
Kat LeeThis one thing is pushing up the price of almost everything you buyverified_publisherCNN - Martha C. White(CNN) — Although prices at the pump serve as one of the most prominent symbols of rampant inflation, economists are more worried about the spillover effects of price spikes for another major source of fuel: diesel. Diesel plays an outsized role in consumer prices because it and its chemical cousins, …
Kat LeeA crucial Russian gas pipeline has been shut for repairs. Will it ever reopen?verified_publisherCNN - By Julia HorowitzLondon (CNN Business) — Since the West hit Russia with bruising sanctions following its invasion of Ukraine, a frightening question has loomed: What if Russia turns off natural gas to Europe? It's a nightmare scenario that would plunge the region's economy into a deep recession. That possibility is …
Kat LeeWhat the Fed rate hike means for youverified_publisherCNN - By Matt EganNew York (CNN Business) — The Federal Reserve is stepping up its war on inflation. That means borrowing costs are going sharply higher for families and businesses. The US central bank increased its benchmark interest rate by three-quarters of a percentage point on Wednesday, which is the biggest …
Kat LeeEl Salvador loses half its investment in Bitcoin as crypto plungesverified_publisherMashable - Matt BinderPresident Bukele has gambled away taxpayer money. Are you a Bitcoin holder currently wallowing in despair seeing your crypto investment plunging off a cliff? Don't worry. It can always be worse. You could be El Salvador. El Salvador's president, Nayib Bukele, is a big crypto bro and he's invested big …
