Even before Russia’s invasion of Ukraine, U.S. gas prices were rising rapidly — and are now marching toward a national average of $4 per gallon or higher in the coming months with the crisis showing no signs of abating. As sanctions isolate Moscow and crimp Russian energy supplies, skyrocketing crude oil and gas prices will impact consumers and businesses already facing the highest inflation levels since 1982. On Thursday, Brent (CL=F) briefly flirted with $120 per barrel, with U.S. oil ( Source link
Read More »Google’s Year in Search Shows Spiking Interest in Entrepreneurship
In another sign of a boom in entrepreneurship during the pandemic, “How to start a business,” beat “How to get a job,” in Google search queries in 2021. Google’s just-released “Year in Search” showcases the tech giant’s data from the past 11-plus months, broken down into a list of global hot topics and interactive timelines. The company did not respond to a request to specify how many times people searched “How to start a business,” but its findings jibe with U.S. Census Bureau data,… Source link
Read More »US STOCKS-Wall Street ends with broad sell-off on spiking inflation fears
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * U.S. consumer prices jump most since June 2009 * Megacap growth stocks weigh heaviest * Energy shares gain as crude climbs * Indexes down: Dow 1.99%, S&P 2.14%, Nasdaq 2.67% (Updates with closing prices) By Stephen Culp NEW YORK, May 12 (Reuters) – Wall Street closed lower on Wednesday with the S&P suffering its biggest one-day percentage drop since February, as inflation data fueled… Source link
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