Around the world, from South Asia and Africa to Europe and Latin America, the cost of filling a car’s tank, getting to work and cooking dinner has spiked.
West Coast longshoremen and port operators say they’re determined to reach an agreement, but truckers and retailers relying on cargo are uneasy.
With famine threatening millions, Europe is intent on finding alternatives to one of world’s biggest food exporters, whose landlocked crop is stranded by war.
Central banks had a longstanding playbook for how inflation worked. In the postpandemic era, all bets are off.
Billions of dollars could be at stake as a law banning imports of products from China goes into effect.
Ties to potentially coercive labor practices could prove a problem for an industry that is heavily dependent on China, once a new law barring Xinjiang products goes into effect.
We look at whether “greedflation” is causing higher prices.
The losses in China, Japan and Australia followed weakness in the United States, where stocks closed in bear market territory.
Supply chain issues have hit tampons, and inflation has driven up prices. Here’s why there’s a shortage — and what you can do if you run out.
Inflation is a tricky problem, but it has a few clear causes and consequences, and policymakers are working to bring it to heel.
Investors and economists had expected to see some moderation in inflation. Instead, prices accelerated again in May, delivering an unwanted surprise.
The visit to the nation’s busiest entry point for goods comes as President Biden struggles to show progress on resolving supply chain issues that are fueling inflation across the country.
Restricted so far in the name of domestic food security: Indian wheat, Malaysian chicken and Indonesian cooking oil. Experts warn of unwanted consequences.
The automobile pioneer believed short-term interests must not squeeze out investment in a business’ resilience, a lesson many companies have learned the hard way since 2020.
Global economic growth will be choked as war, inflation and ongoing supply chain problems take a toll.
The Treasury secretary’s recent comments about rising prices have put the Biden administration on the defensive.
As truck drivers are forced to adapt to increasing difficulties on the road, the support system that serves them is at risk of disappearing.
Economists and politicians are debating whether monopolistic companies are fueling inflation in ways that confound longstanding theory.
Global restrictions on sending advanced technology to Russia are hampering the country’s military capacity, U.S. officials say, though Russia has stockpiled American equipment for years.
No one wants to hear politicians bicker about inflation’s cause. They want to hear about how we can fix it.
Businesses face headwinds as demand weakens, the Federal Reserve raises rates and government stimulus programs end.
Companies that sourced cotton from the region in China are weighing evidence of forced labor, a lack of visibility into operations and new regulation.
Our takeaways from Davos, plus how some influencers hype crypto without disclosing their financial ties.
Many U.S. hospitals are postponing scans used to diagnose diseases after a Covid lockdown in China hobbled the main U.S. supplier of an imaging chemical.
Agency inspectors found a leaking roof, standing water and cracked production equipment before a facility shutdown that led to major shortages.
The president began his first Asian visit with a tour of a Samsung plant as he tries to address supply-chain woes and rebuild U.S. manufacturing.
The world’s third-largest economy lost momentum in the first three months of the year after the Omicron variant suppressed demand at home.
The company said if the agency approved reopening the plant, production could resume and store shelves would be restocked within several weeks.
The former Federal Reserve chair warns that the U.S. could be headed for a period of “stagflation.”
The shortage highlights four larger problems with the U.S. economy.
Food-insecure families already know how this feels.
Shortages of infant and specialty formulas continue to worsen in the US, with the national out-of-stock rate hitting a high of 43 percent in the first week of May, according to data released this week from Datasembly, which tracks retail information.
With bare shelves in stores, purchase limits, and online price gouging and scams, parents across the country are struggling to feed formula-fed babies and children with medical conditions that necessitate specialized formulas. News reports are filled with parents driving hours to search stores for formula or posting pleas online. Some are even watering down formula or turning to recalled batches contaminated with dangerous bacteria.
The dire shortage is due to a combination of factors, including pandemic-related supply chain issues, product recalls, and inflation, according to Datasembly CEO Ben Reich.
Ukraine’s wheat exports have been mostly halted since Russia’s invasion, while drought has damaged crops in India and the United States. China’s upcoming harvest is another concern.
Lockdowns and supply chain issues have soured European businesses in China on the idea of further investment in the country, a survey finds.
Volkswagen, the world’s second-largest electric vehicle manufacturer by volume, has “sold out” of battery-powered models in the US and Europe for this year as persistent supply chain bottlenecks hit global production.
The Wolfsburg-based group, which includes brands such as Porsche, Audi and Škoda, sold more than 99,000 electric models worldwide in the first three months of 2022 as it was hit by a shortage of semiconductors and wiring harnesses made in Ukraine.
Market leader Tesla delivered more than three times that number in the same quarter.
Carriers are exploiting the supply chain chaos to breach contracts and jack up rates, importers say in asking for federal intervention.
Supplies of goods are coming up short in the pandemic, and prices have jumped. Some economists warn that the changes could linger.
Big technology companies are set to report earnings starting Tuesday. The S&P 500 has dropped nearly 8 percent this month, its worst monthly showing since March 2020.
Surprise: Old-style globalization is bearing the brunt of this crisis.
Big technology companies are set to report earnings starting today.
Like many people in Shanghai, Joyce has spent weeks shut at home since the latest COVID-19 lockdown was imposed on March 28. The software industry executive, who asked to be identified only by her first name to avoid attention from the authorities, says she has suffered from food shortages, and the compound where she lives has resorted to “group buying,” where different individuals are responsible for sourcing as much of a certain product as possible for the community.
“A lot of people are struggling with being confined at home, because they have literally no income,” she says. Group purchases “are three to four or five times more expensive than the normal days, and Shanghai is not cheap.”
The electric carmaker had to close an important factory in Shanghai because of China’s efforts to stamp out a coronavirus outbreak.
As shipping companies concentrate on the most lucrative routes from China to California, almond growers are struggling to transport their wares.
The International Monetary Fund’s new World Economic Outlook expects growth to slow to 3.6 percent this year. The group is one of many to slash their forecasts recently.
The country’s lockdowns have trapped truck drivers on highways, halted production lines and forced some importers to source goods from outside China.
Mortgage costs have jumped as the Federal Reserve has raised rates. With higher rates come fewer offers.
Complaints of poor construction are on the rise in new luxury rental and condo buildings, after two chaotic years of New York real estate amid the pandemic.
The administration’s economic advisers see climate change and other factors complicating global trade patterns for years to come.
The case for addressing inflation now.
The bullwhip is flicking back.