G-7 Leaders Confer With Zelenskyy, Prep New Aid for Ukraine | Business News

By ZEKE MILLER, DARLENE SUPERVILLE and GEIR MOULSON, Associated Press ELMAU, Germany (AP) — Leading economic powers conferred by video link with Ukrainian President Volodymyr Zelenskyy on Monday as they underscored their commitment to Ukraine for the long haul with plans to pursue a price cap on Russian oil, raise tariffs on Russian goods and … Read more

EXPLAINER: What’s the Impact of a Russian Debt Default? | Business News

Russia is poised to default on its foreign debt for the first time since the 1917 Bolshevik Revolution, further alienating the country from the global financial system following sanctions imposed over its war in Ukraine. The country faces a Sunday night deadline to meet a 30-day grace period on interest payments originally due May 27. … Read more

Greedflation: Is Price-Gouging Helping Fuel High Inflation? | Business News

By PAUL WISEMAN, AP Economics Writer WASHINGTON (AP) — Furious about surging prices at the gasoline station and the supermarket, many consumers feel they know just where to cast blame: On greedy companies that relentlessly jack up prices and pocket the profits. Responding to that sentiment, the Democratic-led House of Representatives last month passed on … Read more

Asian Shares Gain as Investors Shrug off Downbeat Data | Business News

By ELAINE KURTENBACH, AP Business Writer BANGKOK (AP) — Shares were higher in Asia on Friday, despite data suggesting economies are slowing. The advance tracked gains on Wall Street, where the market is headed for its first weekly gain after three weeks of punishing losses. Tokyo’s Nikkei 225 index added 1.2% to 26,491.97 and the … Read more

Business Highlights: Rising Powell criticism, Kellogg split

Business Highlights: Rising Powell criticism, Kellogg split

___ Fed’s Powell facing rising criticism for inflation missteps WASHINGTON (AP) — Federal Reserve Chair Jerome Powell won praise for his deft leadership during the maelstrom of the pandemic recession. As threats to the US economy have mounted, though, Powell has increasingly struck Fed watchers as much less sure-footed. Inflation has proved higher and far … Read more

UK Rail Strike Strands Commuters, Pits Workers Against Govt | Business News

By JILL LAWLESS, Associated Press LONDON (AP) — Tens of thousands of railway workers walked off the job in Britain on Tuesday, bringing the train network to a crawl in the country’s biggest transit strike for three decades — and a potential precursor to a summer of labor discontent. About 40,000 cleaners, signallers, maintenance workers … Read more

Biden Says Decision on Gas Tax Holiday May Come This Week | Business News

By AAMER MADHANI and JOSH BOAK, Associated Press REHOBOTH BEACH, Del. (AP) — President Joe Biden said Monday that he’s considering a federal holiday on the gasoline tax, possibly saving US consumers as much as 18.4 cents a gallon. “Yes, I’m considering it,” Biden told reporters after taking a walk along the beach near his … Read more

Asian Markets Most Lower Ahead of US Holiday | Business News

By YURI KAGEYAMA, AP Business Writer TOKYO (AP) — Asian markets were mostly lower in cautious trading Monday ahead of a federal holiday in the US Worries over inflation and risks of a global recession from central bank efforts to bring it under control appeared to outweigh Wall Street’s positive close on Friday. The price … Read more

The most popular air travel day this year was aa mess and things won’t change anytime soon

The most popular air travel day this year was aa mess and things won't change anytime soon

Given that this long summer weekend also coincides with Father’s Day, that means there will be a lot of travel going on. The Friday before Juneteenth clocked in as the most popular air travel day of 2022, according to statistics from the Transportation Security Administration. Airports haven’t been that crowded since Thanksgiving 2021. TSA officers … Read more