(Bloomberg) — Developing nations are suffering the biggest hit from this year’s oil shock. Many are dependent on imported fuel and are being crushed by a combination of high international prices...
Tag: Poorer
What made Warren Buffett rich is making us all poorer
Sky-high gas prices are surfacing memories of a bygone era — the 1970s — defined by bellbottoms, disco music and (you guessed it) gas lines. Modern motorists might pine for the prospect of 50-cent a g...
Opinion: Americans are feeling poorer for good reason: Household wealth was shredded by inflation and Fed tightening
U.S. households’ real wealth plunged at a record 20.9% annual rate to $143 trillion in the second quarter of the year, with modest gains in home values offset by high inflation and a big selloff in th...