Tag Archives: House

U.S. consumer prices in June accelerated at the fastest annual pace since November 1981 — rising 9.1% year-over-year, up from May’s 40-year high of 8.6%. Soaring food prices contributed significantly to the surge with the category seeing increases of 1% over the month and 10.4% annually, the biggest 12-month increase since the period ending February 1981. Grocery prices rose 1% last month and 12.2% on a year-over-year basis with the prices of cereal, bread, and chicken seeing increases of… Source link

The Biden administration is reeling from gasoline prices that crested to $5 per gallon in June and are still historically high. So are millions of drivers. But relief may be on the way. During a briefing for reporters on July 12, senior White House officials said a drop in wholesale gas prices suggests retail prices could drop by 50 cents per gallon or so in coming weeks. “We’ve seen the price of oil fall to a range of $100 per barrel, and we have not yet seen gas prices at the pump fall… Source link

As part of a range of actions this week on gas prices, the Biden administration has summoned the heads of seven top oil refining companies to Washington after a week of tense back-and-forth with industry leaders. The CEOs will meet with Energy Secretary Jennifer Granholm after the president blasted their high profits as “not acceptable” in a recent letter to the companies. In one response, Chevron (CVX) pushed back by saying that Washington’s approach was actually the culprit for high… Source link

(Bloomberg) — US house prices are likely to fall as mortgage rates exceeding 6% crimp affordability for the average buyer, according to Capital Economics. Most Read from Bloomberg Property prices could contract an annual 5% by the middle of next year, Matthew Pointon, senior property economist, said in a research note Monday. He’d previously projected no change in values by that time. An average household looking to buy a home for the median price will now have to put more than a quarter of… Source link

The White House announced a plan to distribute COVID-19 vaccines for younger children — once authorized — ahead of next week’s FDA advisory meeting. The plan follows a similar strategy as those for adult and older kids’ vaccinations, including making doses available at pharmacies, hospitals, doctors offices and health clinics. “The Administration’s vaccination program for America’s youngest children will focus on addressing the specific needs of this age group and their… Source link

Mariah Carey and Nick Cannon married in 2008.Denise Truscello/WireImage/Getty Images He said during their marriage, he learned just how expensive it was to be Carey. Cannon attributed the costs to “everything from security to hair and makeup to jets.” Nick Cannon discussed how his marriage to his ex-wife, Mariah Carey, impacted his work ethic on “The Joe Budden Podcast,” noting that the singer wouldn’t leave the house for a gig unless there was a hefty price tag attached. “Mariah don’t step out… Source link

The Biden administration announced Monday that 20 leading internet service providers have agreed to offer basic low cost plans that will be free for millions of Americans after a refund. The 20 companies, including AT&T (T), Comcast (CMCSA), and Verizon (VZ), cover more than 80% of the U.S. population. They will immediately provide at least one plan that costs no more than $30 a month and provides download speeds of at least 100 mbps. The White House says that 40% of the U.S. population, about… Source link

WASHINGTON — Karine Jean-Pierre will make history by becoming the first Black woman, and first openly LGBTQ person, to hold the job of White House press secretary, President Biden announced on Thursday afternoon. “Jill and I have known and respected Karine a long time and she will be a strong voice speaking for me and this Administration,” the president said in a statement. Jean-Pierre will replace Jen Psaki, who was originally expected to serve for only the first year of Biden’s term…. Source link

Associated Press Scholar uses trash as treasure to study life in North Korea When the waves wash trash onto the beaches of front-line South Korean islands, Kang Dong Wan can often be found hunting for what he calls his “treasure” — rubbish from North Korea that provides a peek into a place that’s shut down to most outsiders. “This can be very important material because we can learn what products are manufactured in North Korea and what goods people use there,” Kang, 48, a… Source link

Demolition of Knoxville’s most extravagant, over-the-top mansion begins Monday. The teardown of the 40,000-square-foot, 86-room Villa Collina is just contingent on the Knoxville Utilities Board making sure all gas lines are empty, Sharon Bailey, a broker and representative of the property owners, told Knox News. Bailey said once started, the process will take several days. Total Demolition Services is leading the work. The property, located at 5628 Lyons View Pike, was purchased by LView… Source link