Inflation in March was the highest since December of 1981, with prices up 8.5% from a year ago. Rising prices are especially hard on low-income people, who spend more of their money on necessities.
Meanwhile, the Russian economy is expected to contract by some 11% this year as a result of sanctions, and several other countries in the region are projected to fall into recession.
Higher mortgage rates and home prices have pushed the monthly payment to buy the median-priced home in the U.S. up more than 50% since the start of last year. Many first-time buyers can't afford it.
The Food and Agriculture Organization of the United Nations says prices of food commodities like grains and vegetable oils soared in March following Russia's invasion of Ukraine.
The federal government has begun tallying the damage climate change could do to the economy and its budget. This comes as scientists warn time is running out to avoid catastrophic global warming.
The International Energy Agency plans to release 120 million of barrels of oil from their emergency reserves, including 60 million from a previously announced U.S. drawdown.
With support for unions at its highest point since 1965, Democrats hope they can capitalize on that sentiment as they struggle to connect with voters on other issues.
The startup received more than $120 million from venture capitalists in Silicon Valley and the support of Stripe, yet questions remained about its flamboyant CEO's business decisions and past deals.
The development lending institution urges governments to lift restrictions on trade and services and to end fossil fuel subsidies to encourage adoption of more green energy technologies.
Chris Smalls didn't rely on traditional labor groups for funding or organizing power. Instead he raised money through GoFundMe and talked to former coworkers at their bus stop and over S'mores.
U.S. employers added 431,000 jobs in March, as the unemployment rate fell to 3.6% from 3.8% in February. The tight job market is putting upward pressure on both wages and prices.