Scott Horsley appears in the following:
Gas prices got you wanting an electric or hybrid car? Well, good luck finding one
Friday, March 25, 2022
Soaring gasoline prices have fueled increased demand for electric cars, hybrids and smaller gasoline-powered vehicles. But shoppers may not find much to choose from.
More people are looking for hybrid or electric cars — but there aren't many options
Wednesday, March 23, 2022
High gasoline prices are boosting demand for more fuel-efficient vehicles. But some customers shopping for hybrids or electric cars are turned off by the rising sticker prices and limited selection.
The Federal Reserve raises interest rates for the first time since 2018
Wednesday, March 16, 2022
The Federal Reserve raised interest rates today for the first time since 2018, in an effort to tamp down inflation. Additional rate hikes are likely in the months to come.
Fed nominee Sarah Bloom Raskin withdraws after fight over her climate change stance
Tuesday, March 15, 2022
Biden's pick to be the Fed's top bank regulator has withdrawn her nomination. She attracted Republican opposition after calling on bank regulators to monitor the financial risks from climate change.
Sen. Joe Manchin says he'll oppose Sarah Bloom Raskin's nomination to a key Fed role
Monday, March 14, 2022
The opposition of Manchin, the Democratic senator from West Virginia, likely dooms Raskin's chances to be confirmed.
High inflation is an annoyance for some. Others make painful choices of what to cut
Sunday, March 13, 2022
Consumers are spending freely, even as prices climb at the fastest pace in decades. While inflation has put a dent in some people's purchasing power, others have money to burn.
U.S. gas prices hit record highs following sanctions on Russia
Saturday, March 12, 2022
Western sanctions in response to Russia's invasion of Ukraine have pushed up gas prices. Though the U.S. was not a big buyer of Russian oil, it's still subject to the whims of global energy markets.
Inflation climbed to a new four-decade high last month.
Friday, March 11, 2022
Consumer prices surge 7.9% in February from a year ago, keeping inflation at a 40-year high.
Inflation reached a new 40-year high — even before the big spike in gas prices
Thursday, March 10, 2022
Annual inflation rose to a four-decade high in February, as consumer prices were up 7.9% from a year ago. That does not include most of the spike in gas prices tied to Russia's invasion of Ukraine.
Inflation hits another 40-year high. The war in Ukraine could make it worse
Thursday, March 10, 2022
Annual inflation climbed to a new four-decade high in February, with consumer prices up 7.9% from a year ago. The increase does not reflect most of the recent jump in gasoline prices.
President Biden bans Russian oil imports
Tuesday, March 08, 2022
President Biden is banning U.S. imports of Russian oil: the latest move to punish Moscow for its war on Ukraine. Gasoline prices are spiking.
Prices for gasoline surge to about $4.17 per gallon, a national record
Tuesday, March 08, 2022
As the U.S. and western allies weigh restrictions on energy purchases from Russia, the U.S. is dealing with a record high price for a gallon of gas. That's due to an increase in crude oil costs.
Gas prices surge to above $4 a gallon, near a national record
Monday, March 07, 2022
The prospect that the U.S. and its allies could impose new sanctions on Russian oil pushed energy prices sharply higher. The average price of gasoline in the U.S. hit $4.06 per gallon.
The Fed plans to raise interest rates, though cautious of maintaining job growth
Saturday, March 05, 2022
The Federal Reserve Board plans to raise interest rates in an effort to curb inflation. It wants to do that without stalling job growth, and is likely encouraged by the latest employment report.
The U.S. added 678,000 jobs in February. It's another sign of a hot labor market
Friday, March 04, 2022
U.S. employers added 678,000 jobs in February as the unemployment rate fell to 3.8%, from 4% in January. The Federal Reserve hopes to curb inflation without stalling job growth.
The February employment report is expected to show solid job gains
Friday, March 04, 2022
The Labor Department will report on job growth in February. The job market has bounced back strongly from the depths of the pandemic, but some employers still struggle to find available workers.
The Federal Reserve is ready to raise interest rates soon despite the war in Ukraine
Wednesday, March 02, 2022
Fed Chair Jerome Powell says the central bank is prepared to begin raising interest rates this month to fight inflation despite economic uncertainty after Russia's invasion of Ukraine.
In an effort to choke Russian economy, new sanctions target Russia's central bank
Monday, February 28, 2022
The U.S. and its allies are taking additional steps to squeeze the Russian economy in response to the invasion of Ukraine. Russia's currency has fallen, which will mean higher prices for Russians.
Johnson & Johnson wins a key court battle in baby powder case
Friday, February 25, 2022
A federal judge has allowed a Johnson & Johnson spinoff to proceed with a controversial bankruptcy, despite complaints from thousands who say they were harmed by the company's baby powder.
Stocks are in turmoil as Russia invades Ukraine. Here are 4 things to know
Thursday, February 24, 2022
Stocks staged a remarkable recovery after plunging earlier, underlining just how volatile conditions are after Russia invaded Ukraine.