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Energy prices

Business
Inflation Cools Slightly In February As Tariffs, Slowing Labor Market Fuel Economic Concerns Inflation Cools Slightly In February As Tariffs, Slowing Labor Market Fuel Economic Concerns
Inflation Cools Slightly In February As Tariffs, Slowing Labor Market Fuel Economic Concerns Consumer prices rose slightly less than expected in February, but President Donald Trump's escalating trade wars and a declining labor market are keeping economic uncertainty high. Inflation increased 0.2 percent in February and 2.8 percent over the past year, according to new Bureau of Labor Statistics data released on Wednesday, Mar. 12. The yearly inflation number remained well above the Federal Reserve's two-percent target. The monthly increase was smaller than January's jump of 0.5 percent. February's figures were also a little lower than Dow Jones expectations, CNBC reported. Co…

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by Chris Spiker
Business
Russia's Ukraine Invasion Could Lead To Price Hikes For These Food Products In Addition To Oil Russia's Ukraine Invasion Could Lead To Price Hikes For These Food Products In Addition To Oil
Russia's Ukraine Invasion Could Lead To Price Hikes For These Food Products In Addition To Oil The Russian invasion of Ukraine is expected to cause a flux in the markets, sending the prices of energy and certain agricultural products through the roof as supply chains are further disrupted. Experts are expecting oil and gas prices to spike due to the European crisis, though some of Russia and Ukraine’s largest exports are expected to impact costs for other products overseas and stateside. Officials said that outside of energy, the price of products such as wheat, barley, corn, copper, and nickel are likely going to be on the rise as supply chains already impacted by the COVID-19 pande…

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by Zak Failla
News
Central Hudson Alerts Customers Of Higher Energy Costs Central Hudson Alerts Customers Of Higher Energy Costs
Central Hudson Alerts Customers Of Higher Energy Costs Central Hudson customers are going to see higher-than-expected energy bills, the utility company is cautioning. Central Hudson issued an alert on Thursday, Feb. 10 advising customers that there will be an increase in supply prices for both electricity and natural gas in the region due to a series of factors. Natural gas bills are expected to be increased by approximately 19 percent, electricity bills are going up around 46 percent, and 29 percent for combination electric and natural gas bills. Related story - Con Ed 'Sudden Rate Spike' Sparks Backlash, Reports Say The company cited a cold…

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by Zak Failla
Politics
Trump, Cuomo Tax Talk At White House Turns To Abortion, Fracking Trump, Cuomo Tax Talk At White House Turns To Abortion, Fracking
Trump, Cuomo Tax Talk At White House Turns To Abortion, Fracking New York Gov. Andrew Cuomo put aside his differences with President Donald Trump on Tuesday to discuss tax reform, abortion and fracking at the White House. The meeting had been scheduled to discuss the $10,000 cap on the federal deduction for state and local taxes (SALT). The governor has previously blamed Trump’s tax legislation for the state’s $2.3 billion revenue drop. "The federal administration's SALT policy is an economic civil war that helps red states at the expense of blue states, and we are now seeing the potentially devastating effect of it in the form of significantly lowe…

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by Zak Failla