The perfect storm making everything you need more expensive
CNN
Steel, lumber, plastic and fuel. Corn, soybeans, sugar and sunflower oil. Houses, cars, diapers and toilet paper. Prices are rising almost everywhere you look.
The post-pandemic recovery is in full swing and the global economy is struggling to keep up. Following a collapse at the start of the pandemic as businesses closed and millions of workers lost jobs, demand has rebounded with a vengeance, spurred by government stimulus and consumers flush with savings. But companies that idled factories or put workers on furlough during lockdowns are now unable to secure enough raw materials to build the houses, make the cars or assemble the appliances that are suddenly in high demand.
President Donald Trump signed an executive order Tuesday to develop policy recommendations to expand access to and affordability of in vitro fertilization.
The Trump administration ordered legal service providers working with unaccompanied migrant children to stop their work, according to a memo obtained by CNN.
Louis DeJoy, the head of the US Postal Service, intends to step down, the federal agency said Tuesday, after a nearly five-year tenure marked by the coronavirus pandemic, surges in mail-in election ballots and efforts to stem losses through cost and service cuts.
The John F. Kennedy Presidential Library and Museum in Boston was forced to close Tuesday due to the “sudden dismissal of federal employees,” the library’s foundation said in a statement to CNN.
Brazil’s former President Jair Bolsonaro has been charged in connection with an attempted coup d’état, according to documents filed by prosecutors Tuesday evening.
A federal judge considering whether to indefinitely block President Donald Trump’s executive order banning transgender service members described it on Tuesday as having “unadulterated animus” toward transgender Americans.
Argentine President Javier Milei has defended himself for promoting a cryptocurrency whose value collapsed within hours of its launch, likening those who invested in the token after his endorsement to gamblers at casinos.
A federal judge declined on Tuesday to temporarily block Elon Musk and his Department of Government Efficiency from accessing federal data systems at a slew of executive branch agencies.
A Maryland court on Tuesday ordered a blogger known as Ziz who leads a cultlike group connected to six killings held without bail.
As President Donald Trump orders federal workers to return to the office, he spent the fourth straight day at home here at his Mar-a-Lago resort.
The federal judge overseeing the corruption case against New York City Mayor Eric Adams has scheduled a hearing Wednesday to consider the Justice Department’s controversial motion to dismiss the charges.
Brazil’s government on Tuesday approved joining OPEC+, a group of major oil-exporting nations, signaling the country’s evolution into a major oil state just nine months ahead of hosting the United Nations’ annual climate summit.
The Trump administration has quietly fired multiple members of the “privacy team” and other officials from the office that oversees the hiring of federal workers, a move that limits outside access to government records related to the security clearances granted to Elon Musk and his associates, according to multiple sources familiar with the matter.