Economic uncertainty looms for Biden administration amid inflation, Omicron variant

Economic uncertainty looms for Biden administration amid inflation, Omicron variant – CBS News Watch CBSN Live President Biden traveled to Minnesota Tuesday to highlight aspects of his $1 trillion infrastructure plan. Mr. Biden’s trip comes as concerns over the new COVID-19 variant, rising inflation and issues within the nation’s supply chain threaten to derail his … Read more

San Diego Investment Strategist Shares Tips for Beating Inflation

Inflation isn’t going anywhere, according to the chairman of the Federal Reserve. So a San Diego investment strategist is sharing tips for beating it. “When we are putting all that money into the supply, we have more money chasing less goods. That really causes what I believe is going to be the longer-term inflation,” John … Read more

How Much of a Threat Is the Omicron Variant to the Economy?

What a difference a few days makes. This time last week, retail analysts were looking forward to a bumper holiday-shopping season, the stock market was making new highs seemingly by the day, and economists were predicting that annualized G.D.P. growth could top eight per cent in the final quarter of the year. The Delta-variant surge … Read more

Rising food, gas prices hit families as global inflation surges

BUDAPEST, Hungary (AP) — From appliance stores in the United States to food markets in Hungary and gas stations in Poland, rising consumer prices fueled by high energy costs and supply chain disruptions are putting a pinch on households and businesses worldwide. Rising inflation is leading to price increases for food, gas and other products and pushing many people … Read more