Fed likely to hike interest rates amid soaring inflation
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Biden administration to release 1M barrels of oil daily from US reserves
President Biden delivers remarks on energy prices. The Biden administration will release 1 million barrels of oil each day for the next six months from the U.S. Strategic Petroleum reserve in an effort to combat soaring gasoline prices. Biden formally announced the move at a White House event Thursday afternoon, saying that his plan would…
Baby formula crisis: Products from closed plant won’t hit shelves until at least mid-July, Abbott says
Nationwide baby formula aisles remain empty. As if parents didn’t have enough to worry about, they should be on the lookout for scammers too. Abbott Laboratories confirmed to Congress on Wednesday that the company expects to have its shuttered facility at the heart of the baby formula shortage up and running in a week and a…
Mortgage applications fall further | Fox Business
Check out what’s clicking on FoxBusiness.com. Rising mortgage rates are having an impact on the housing industry as several areas of the industry are seeing declines. Interest in mortgage applications is one metric being affected. Demand slipped 1.2% from the previous week, according to the weekly survey from the Mortgage Banker’s Association. GET FOX BUSINESS…
Stock market rebounds on hopes Omicron may not be as bad as feared
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Tesla recalls nearly 54,000 cars because self-driving software runs stop signs
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