Economy
Gas Station Unknowingly Filling Customers Tanks With Diesel Sparks Outrage
"As I was driving, I noticed the car felt like it didn't have power to go," said Dana Hallman, one of the customers who unknowingly filled their cars with diesel.
Are We in a Recession? What Experts Are Saying
Bill Adams, chief economist for Comerica Bank told Newsweek the "jury is still out" on whether there will be a recession as some analysts have predicted.
Putin Seizes Control of Oil Project Amid Reports of Economic Turmoil
Multinational oil corporation Shell is currently invested in the venture, as are Japanese companies Mitsui and Mitsubishi.
July 4 Fireworks Shows Shuttered by Staff Shortages, Supply Chain Issues
A lack of fireworks shows may not be the only "disheartening" aspect of the holiday, as some foods popular for an upcoming Fourth of July cookout have increased in price.
Biden Faces 3 Awkward Anniversaries of Things He Shouldn't Have Said
Last July, President Joe Biden made a series of inaccurate predictions on the pandemic, the U.S. withdrawal from Afghanistan and rising inflation.
Putin Prolonging War 'Worst Thing' Imaginable for U.S. Economy: Expert
An economist who worked for former President Ronald Reagan said "there's no end in sight" for the war in Ukraine.
Gas Prices Are Being Lowered Across U.S. by Conservative Group
Libertarian advocacy group Americans for Prosperity is staging promotions at gas stations, at which the price of gas is lowered.
Which Foods on Your 4th of July Cookout Plate Are Most Costly
"The overall cost for the cookout is up 17% or about $10 from last year," the American Farm Bureau Federation said.
Biden Will Have to Admit the Economy Is in a Recession: Economist
Economist Peter Schiff said the economic turmoil in the U.S. is worse than what is being described, saying it will hurt much more than the Great Recession.
Democrats Have Forgotten the Working Class. It Will Cost Them in November
The values and priorities of the Democratic Party today are not reflective of the working-class families, such as my own, that supported it for years.
U.S. Could Be Facing Yearslong Economic Turmoil: Art Laffer
Former Reagan adviser Art Laffer spoke with Newsweek about the issues he sees plaguing the U.S. economy.
Gas Boycott Suggestion Goes Viral, Draws 2008 Comparisons
Users on social media are calling for a mass boycott of gas sales over the July 4 weekend.
Russia Debt Default Will Damage Country for Years to Come—Economist
Russia has accused the West of trying to drive the country into an artificial default.
'Ungrateful' Mom-To-Be Slammed for Rejecting Handmade Baby Shower Gift
"Tell them to buy their own s*** if they're going to be ungrateful," said one commenter in reply to the viral post.
Crypto President Pushes for Government Regulation Amid Massive Losses
The lack of regulation has long been appealing to cryptocurrency investors, but now industry leaders are changing their tune.
Fact Check: Does Russian Ruble Rise Prove Western Sanctions Don't Work?
With the biggest Western economies reeling from high inflation, is the strong Russian ruble a sign of the country's economic resilience?
Biden Pushes Electric Cars to Free U.S. From 'Menacing Dictator' Putin
During a speech calling for a federal gas tax holiday, the president made a push for clean energy.
Massive Layoffs Hit One of Top U.S. Aluminum Plants, Halting Operations
Century Aluminum plans to layoff 628 employees from its Kentucky plant to battle high energy prices.
More than 100 Major U.S. Companies Commit to Hire and Train More Refugees
The United Nations High Commissioner for Refugees asserts that "successful economic adjustment remains one of the most pressing challenges" for refugees.
U.S. Economy Could Be In Recession Within Weeks: Reagan Adviser
Noted economist Art Laffer said upcoming GDP numbers could show that the country is already in the grips of a recession.
Jerome Powell Testimony: Key Takeaways From Senate Hearing on Economy
The Federal Reserve chairman spoke on the likelihood of a recession, whether interest rates will rise again and how unemployment factors in.
Biden's Gas Tax Cut Could Help Democrats, But Make Surging Inflation Worse
A gas tax cut won't do much to fix high prices driven by a supply shock. Experts warn it could actually make inflation worse.
Layoffs at 95 Tech Companies in June Quicken Potential Recession Slide
"We are not trying to induce a recession now," Fed Chair Jerome Powell said last Wednesday after raising interest rates. "Let's be clear about that."
Gas Stations Across U.S. Are Slashing Prices—But For Different Reasons
The national average of gas is $4.968 per gallon, according to the American Automobile Association.
Owning a Home Is More Expensive Than Renting for First Time in 15 Years
Even though the average rent in the U.S. is becoming higher, mortgage rates are increasing at a greater pace.
Elon Musk 'Undecided' on Supporting Donald Trump, Teases $25m Super PAC
The Tesla and SpaceX boss was interviewed virtually at Bloomberg's Qatar Economic Forum in Doha.
Joe Biden Eyes Green Energy Shift as Bright Side of Difficult Economy
"We have a chance here to make a fundamental turn toward renewable energy, electric vehicles, and not just electric vehicles but across the board," Biden said.
Fed 'Making People Poor' to Solve Inflation Is a Disaster: Steve Forbes
Raising interest rates will only "punish the American economy," the publishing executive said in an interview.
Americans Pawning Items to Buy Gas, Survive Inflation: Pawn Shop Owners
Consumers are selling everything from guns and game consoles to jewelry and family heirlooms to pay for basics.
Image of $1.29 Arizona Iced Tea Can Sparks Outrage, Dread Over Economy
A spokesperson for Arizona Iced Tea told Newsweek: "not to worry our price here is still 99¢."