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Can a price cap on Russian oil work?

Can a price cap on Russian oil work?

The idea of placing a cap on the price of Russian oil leaves the question of enforcement-or how to prevent Russia and other nations from getting around the cap.
Latest jobless claims and producer inflation show upside surprises

Latest jobless claims and producer inflation show upside surprises

New filings for jobless benefits last week rose by 3.8% to 244,000 while producer inflation rose by a surprisingly strong 1.1% in June.
U.S. retail sales fall as inflation takes a toll

U.S. retail sales fall as inflation takes a toll

Retail sales dropped by 0.3% in May, a decline from a downwardly revised 0.7% increase in April, the U.S. Census Bureau reported on Wednesday.
Oil prices and price gouging: Deconstructing the price of gas

Oil prices and price gouging: Deconstructing the price of gas

The impact of global market forces like the war in Ukraine and OPEC far outweighs whatever influence retailers or refiners have on the prices that consumers pay…