inflation

SEATTLE, WA - JUNE 18: Amazon.com founder and CEO Jeff Bezos presents the company's first smartphone, the Fire Phone, on June 18, 2014 in Seattle, Washington. The much-anticipated device is available for pre-order today and is available exclusively with AT&T service. (Photo by David Ryder/Getty Images)

Bezos: White House misleading public or misunderstands market basics

The White House denied accusations made by billionaire Jeff Bezos in which he claimed President Joe Biden is misleading the public over gas prices. On Monday, Press Secretary Karine Jean-Pierre dismissed this claim that the administration’s handling of inflation is either “misdirection or deep misunderstanding of basic market dynamics.”



Rep. Ronny Jackson in the Russell Senate Office Building on Capitol Hill in Washington, DC. (Photo by Chip Somodevilla/Getty Images)

Rep. Jackson: Biden energy policies making America weaker

Texas Rep. Ronny Jackson (R) urged President Joe Biden to take immediate action to solve the inflation crisis. During an interview on Monday, the former physician to the last three presidents called on Biden to “stop playing the blame game when it comes to his economic mistakes.”




FILE - In this Feb. 12, 2020, file photo, a housing development stands in El Dorado Hills, Calif. California voters have rejected a proposal to partially dismantle the state’s cap on property taxes, a move that would have have raised taxes for many businesses in a pandemic-hobbled economy. Since 1978, California has limited tax increases to 2% a year until a property is sold. With prices climbing at a much higher rate, taxpayers who have held homes and businesses for many years pay far less than what the market value would determine. (AP Photo/Rich Pedroncelli, File)

One-on-one with Debbie Bloyd of Money Strategies

The leading measure of US home prices, the S&P Corelogic Case-Shiller Index, came out with its new report. It shows home price increases slowed down in April for the first time in a while. Debbie Bloyd of Money Strategies joined Alicia Summers to explain what the latest data means to you.




World Bank President David Malpass walks during the official welcome ceremony of G7 leaders and Outreach guests at Castle Elmau in Kruen, near Garmisch-Partenkirchen, Germany, on Monday, June 27, 2022. The Group of Seven leading economic powers are meeting in Germany for their annual gathering Sunday through Tuesday. (AP Photo/Markus Schreiber)

World Bank Chief: We’re at a crisis, countries fall in one by one

World Bank President David Malpass said the global economy will significantly slow down due to high inflation, which will cause political problems in a number of countries. In an interview Sunday, Malpass said the US and it’s allies need to increase production of goods and services, while keeping their economies open and not restrict international trade.