Stocks Tank After Retailer Earnings Plummet Because Of Rising Fuel Costs, Inflation

Stocks Tanked Wednesday After Major Retailers’ Earnings Reports Were Down Significantly Because Of Inflation, Sparking A Selling Frenzy. Wall Street Closed With The Largest Drop In One Day Since March 2020.

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Inflation Slowed In April, But Prices Continued Their Steady Increase

Inflation Continued Its Steady Rise In April, When The Consumer Price Index Increased 8.3% Over Last Year, According To Data Released Wednesday By The U.S. Bureau Of Labor Statistics.

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Tennessee Gas Prices Set Record High, But Still Below National Average

The Average Price-Per Gallon Of Unleaded Gasoline In Tennessee Reached A Record High $4.13 On Tuesday, A Cent Higher Than The Previous Record Set In March, According To The American Automobile Association.

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Amid Inflation & Worker Shortage, Small Businesses Pessimistic About Future

Small Businesses Around The Country Are Growing More Pessimistic As Rising Inflation, Supply Chain Issues And A Worker Shortage Continue To Threaten Their Viability.

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Critics Say Biden Rewrite Of Trump-era Rule Will Raise Energy Prices, Bog Down Development

The U.S. Supreme Court Temporarily Reinstated An Environmental Regulation That Expedites Pipeline Development That Had Been Tossed Out By A Lower Court. President Joe Biden Is Now Expected To Rewrite The Rule, But Critics Say That Will Nix A Chance To Address Rising Energy Costs.

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Biden Denies His Own Policies Caused High Gas Prices

A Few Weeks Ago, President Joe Biden Announced He Was Banning Oil Imports From Russia In Retaliation For Their Invasion Of Ukraine. He Bluntly Said That Americans Will Have To Pay More At The Pump. This Left People Scratching Their Heads, Asking Why In 2020, America Was Energy Independent Under Then President Donald Trump? And The U.S. Produced So Much Petroleum, America Was A Major Exporter Of Oil?

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Biden To Release Oil Reserves, A Move Critics Say Is Too Little, Too Late

President Joe Biden Announced He Would Release 180 Million Barrels Of Oil From The Strategic Petroleum Reserve Over The Next Six Months In An Attempt To Stabilize Rising Costs, But Critics Question How Much The Move Will Help Americans Who Are Struggling To Pay For The Price At The Pump.

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