The other reason why food prices are rising
Part of the higher cost of groceries is due to more expensive fertilizers, with some up by 300% since September 2020, according to the American Farm Bureau.
CNBC US News
Cloud stocks are rallying after a punishing start to the year as 2022 outlook brightens
Investors are again buying up cloud stocks after quarterly reports showed that demand remains strong.
Former Deutsche Bank co-CEO Anshu Jain dies at 59
Jain had battled cancer for several years, according to his family.
Even airline employees are having trouble finding a seat home from Europe this summer
American Airlines and United Airlines are among the carriers discouraging employees from using their travel perks to fly to Europe this summer.
House passes massive climate, tax and health bill, sending Biden a core piece of his agenda to sign
The bill's passage will mark a major win for Democrats and President Joe Biden less than three months before the pivotal midterm elections.
FBI search warrant reveals agents seized top-secret documents in raid of Trump's home
The FBI seized multiple sets of records marked top secret from former President Donald Trump's resort home Mar-a-Lago, a search warrant unsealed Friday shows.
Trump faces a slew of investigations and lawsuits — and they're heating up as he weighs White House run
The Republican Trump has called the investigations into his conduct politically motivated "witch hunts" by Democratic adversaries.
Passage of Inflation Reduction Act gives Medicare historic new powers over drug prices
The legislation represents a historic expansion of Medicare's power that was fiercely opposed by the pharmaceutical industry.
10-year Treasury yield ticks lower as investors assess economic data
U.S. Treasury yields were slightly lower on Friday as market participants balanced this week's inflation reports.
Transportation Department is losing top auto safety regulator after a few months on the job
U.S. Transportation Secretary Pete Buttigieg said Steve Cliff will be leaving his role as head of the National Highway Traffic Safety Administration
DOJ plans to retry Philip Esformes despite Trump commuting sentence of Florida nursing home owner
Florida nursing homes operator Philip Esformes was one of dozens of criminal defendants who received executive clemency from President Donald Trump.
Biden senior advisor Anita Dunn has to divest investment portfolio worth between $16.8 million and $48.2 million to avoid conflicts
Dunn's financial disclosures show extensive stock, options, bond and private equity holdings — a fortune she and her husband have amassed over the years.
Ron Insana: The Fed may have retired 'transitory' too soon to describe inflation
It may be time for the Federal Reserve to revive the word "transitory" after all.
26% of job switchers regret joining the Great Resignation, survey finds: 'They’ve sobered up'
Nearly 48 million Americans quit their jobs last year. Now, some are starting to have second thoughts.
Fed's Barkin says rate increases need to continue until inflation holds at 2%
Despite positive data this week, Richmond Fed President Thomas Barkin said more rate increases will be needed to tamp down inflation.
Your iPhone can identify any song with just a tap. Here's how to set it up
Your iPhone can easily identify any song that's playing with just one tap. Here's how to set it up.
Pharma stock investors brace for billions in heartburn drug litigation charges
For many investors and analysts, this ordeal brings back memories of the Bayer Roundup saga.
Samsung exec explains why the company's folding phones are so important to its business
Samsung's mobile business head said that its foldable phones are convincing consumers to switch to Samsung from other brands.
The easing of inflation pressures is giving the economy some breathing room, for now
If inflation has been the biggest threat to U.S. economic growth, then July's data should provide signs that there's at least some relief in the pipeline.
CDC eases Covid guidance as U.S. has more tools to fight the virus and keep people out of the hospital
The public health agency said the virus now poses a significantly lower risk due to high levels of immunity from vaccines and infections.
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