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The Federal Reserve’s fight with inflation could cool the hot labor market, risking stagflation

The Federal Reserve’s fight with inflation could cool the hot labor market, risking stagflation

[ad_1] The Federal Reserve is hiking interest rates in an effort to defuse an explosive year of price inflation. But global forces could neutralize the effects of that tightening of monetary policy, and keep inflation high.Some observers believe the U.S. government may have misread the looming threat of inflation. During

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Why high gas prices fall harder on lower earners

Why high gas prices fall harder on lower earners

[ad_1] High gasoline prices are impacting all American drivers — but low-income households bear the brunt of it.That's because low earners funnel a bigger share of their budgets to transportation costs and other staples, like food and energy, relative to wealthier households.U.S. gas prices had jumped to $4.32 a gallon,

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Warren Buffett scoops up another $1 billion in Occidental shares, bringing total stake to $7 billion

Warren Buffett scoops up another $1 billion in Occidental shares, bringing total stake to $7 billion

[ad_1] Daniel Zuchnik | WireImage | Getty ImagesWarren Buffett's Berkshire Hathaway purchased an additional 18.1 million shares of Occidental Petroleum for almost $1 billion over the first three days of this week.An SEC filing Wednesday shows it paid a weighted average of $54.41 per share, a total of $985 million for the

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There is ‘nowhere to hide’ for consumers as inflation hits food, gas, housing

There is ‘nowhere to hide’ for consumers as inflation hits food, gas, housing

[ad_1] David Sacks | Getty ImagesConsumer prices are rising at their fastest pace in decades — and that inflation has been most acute in household staple items like food, housing and transportation, making it hard to escape the budgetary sting.The Consumer Price Index jumped 7.9% in February relative to a

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Energy giant Shell to end partnership with Russia’s Gazprom as Ukraine conflict intensifies

Energy giant Shell to end partnership with Russia’s Gazprom as Ukraine conflict intensifies

[ad_1] The central processing plant for oil and gas in Salym, Russia, Feb. 4, 2014. Salym Petroleum Development is a venture between Shell and Gazprom Neft.Andrey Rudakov | Bloomberg | Getty ImagesShell said Monday it is ending an "equity partnership" with Gazprom, a Russian state-owned energy company, as the Russia-Ukraine

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Now is ‘perfect time’ for a second Saudi Aramco public listing, former executive says

[ad_1] Saudi Arabia is reportedly restarting plans to list more shares of state oil giant Saudi Aramco, with recent reports saying the kingdom wants to sell as much as $50 billion, or 2.5% of the company.Executives are said to be weighing the sale of more shares, in what would be

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BlackRock CIO says stock picking will be a key theme for 2022 — and explains where to look

[ad_1] A sign for BlackRock Inc hangs above their building in New York.Lucas Jackson | ReutersLONDON — Stock picking is going to be more important for investors than macroeconomic themes in 2022, according to BlackRock's Nigel Bolton.Markets continue to grind higher against a backdrop of uncertainty, and developments on the

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Contrarian call suggests consumers are in trouble this holiday season

[ad_1] It may be evidence inflation is meaningfully stretching budgets.According to economic forecaster Lakshman Achuthan, Wall Street is ignoring a striking consumer spending slowdown that will translate into an underwhelming holiday season."There's still this narrative that the rebound is there," the Economic Cycle Research Institute co-founder told CNBC's "Trading Nation"

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Chevron reports highest free cash flow on record as rebound in oil boost results; shares gain

[ad_1] Oil well pump jacks operated by Chevron Corp. in San Ardo, California, U.S., on Tuesday, April 27, 2021.David Paul Morris | Bloomberg | Getty ImagesChevron said Friday that it generated the highest free cash flow on record during the third quarter as surging commodities prices and lower operational costs

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