Money

  • Average US gasoline price drops 4 cents to $5.05 per gallon
    CAMARILLO, Calif. -- The average U.S. price of regular-grade gasoline fell by 4 cents per gallon in the past two weeks to $5.05 for regular grade, it was reported Sunday.It was the first drop in nine weeks and came with a drop in oil prices amid deepening global inflation fears,... Read more
    Source: ABC - Money Published on: 2022-06-26
  • EXPLAINER: What's the impact of a Russian debt default?
    Russia is poised to default on its foreign debt for the first time since the 1917 Bolshevik Revolution, further alienating the country from the global financial system following sanctions imposed over its war in Ukraine.The country faces a Sunday night deadline to meet a 30-day grace period on interest payments... Read more
    Source: ABC - Money Published on: 2022-06-26
  • Did corporate greed fuel inflation? It's not biggest culprit
    WASHINGTON -- Furious about surging prices at the gasoline station and the supermarket, many consumers feel they know just where to cast blame: On greedy companies that relentlessly jack up prices and pocket the profits.Responding to that sentiment, the Democratic-led House of Representatives last month passed on a party-line vote... Read more
    Source: ABC - Money Published on: 2022-06-26
  • French energy giants: Reduce fuel and electricity use now
    PARIS -- Leaders of three French energy companies called on the French public Sunday to immediately reduce consumption of fuel, oil, electricity and gas amid shortages and soaring prices due to Russia’s supply cuts and the war in Ukraine. “The effort must be immediate, collective and massive,” the leaders of... Read more
    Source: ABC - Money Published on: 2022-06-26
  • NLRB's top prosecutor seeks big changes, faces uphill battle
    As workers at major companies increasingly move to unionize, the political environment for labor couldn’t be more ripe. Perhaps nowhere is that more accurate than at the National Labor Relations Board, the agency that enforces the country’s labor laws and oversees union elections. In the past year, the Biden-appointed top... Read more
    Source: ABC - Money Published on: 2022-06-26
  • Senior US officials visit Sri Lanka to help resolve crisis
    COLOMBO, Sri Lanka -- Senior U.S. officials arrived in Sri Lanka on Sunday to find ways to help the island nation in the throes of an unprecedented economic crisis and severe shortages of essential supplies, as the energy minister warned that new fuel shipments would be delayed. The U.S. over... Read more
    Source: ABC - Money Published on: 2022-06-26
  • Biden: G-7 to ban Russian gold in response to Ukraine war
    ELMAU, Germany -- President Joe Biden said Sunday that the United States and other Group of Seven leading economies will ban imports of gold from Russia, the latest in a series of sanctions that the club of democracies hopes will further isolate Russia economically over its invasion of Ukraine. A... Read more
    Source: ABC - Money Published on: 2022-06-26
  • Biden's mission in Europe: Shore up alliance against Russia
    MUNICH -- President Joe Biden is out to sustain the global alliance punishing Russia for its invasion of Ukraine as he embarks on a five-day trip to Europe as the 4-month-old war shows no sign of abating and its aftershocks to global food and energy supplies are deepening.Biden first joins... Read more
    Source: ABC - Money Published on: 2022-06-25
  • New Colombian president pledges to protect rainforest
    RIO DE JANEIRO -- Gustavo Petro, Colombia’s first elected leftist president, will take office in August with ambitious proposals to halt the record-high rates of deforestation in the Amazon rainforest. Petro has promised to limit agribusiness expansion into the forest, and create reserves where Indigenous communities and others are allowed... Read more
    Source: ABC - Money Published on: 2022-06-25
  • A roof over their head: Churches use tiny homes for homeless
    Churches across the U.S. are tackling the big question of how to address homelessness in their communities with a small solution: tiny homes. On vacant plots near their parking lots and steepled sanctuaries, congregations are building everything from fixed and fully contained micro homes to petite, moveable cabins, and several... Read more
    Source: ABC - Money Published on: 2022-06-25