inflation

Elon Musk recently said the “best way” to handle job losses from AI would be for the federal government to pay a “universal high income” to every American. Loading audio narration… The Tesla and SpaceX CEO headed off concerns that doling out big checks would drive up prices: “AI/robotics will…

The effects of the Iran war showed up in the latest US inflation reading. Inflation climbed to the highest rate since May 2024, and gas prices reached a record month-over-month increase. Loading audio narration… The consumer price index increased 3.3% in March from a year ago, up from the 2.4%…

There’s a new force that could push up inflation in the US once again: The Iran war. Loading audio narration… Oil prices passed $100 a barrel on Sunday after the effective closure of the Strait of Hormuz cut off crude shipments from the Persian Gulf. While prices dropped to around…