Tag: economy
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Oil prices jump, shares sink as Ukraine conflict deepens
Oil prices jumped and shares were sharply lower Monday as the conflict in Ukraine deepened amid mounting calls for harsher sanctions against Russia.
Economic dangers from Russia’s invasion ripple across globe
Moscow’s war on Ukraine and the ferocious financial backlash it’s unleashed are not only inflicting an economic catastrophe on President Vladimir Putin’s Russia. The repercussions are also menacing the global economy, shaking financial markets and making life more perilous for everyone from Uzbek migrant workers to European consumers to hungry Yemeni families.
Study: Child poverty rising after tax credit expires
The number of children in America living in poverty jumped dramatically after just one month without the expanded child tax credit payments, according to a new study. Advocates fear the lapse in payments could unravel what they say were landmark achievements in poverty reduction.
US accuses China of backing away from free-trade commitments
The United States has accused China of failing to meet its commitments to the World Trade Organization and says it is exploring new ways to combat aggressive Chinese trade practices.
Biden has long-term inflation plan, but voter patience short
President Joe Biden came into office with a plan to fix inflation — just not the particular inflationary problem that the country now faces.
