Page 28 - Groundwork Collaborative News Today

Oil companies raked in hundreds of billions of dollars in Q2 as gas prices reached an average of over $5 a gallon.

The head of a progressive organization said oil companies haven’t improved efficiency or lowered costs, but government reports suggest otherwise.

Bymuratdeniz/Getty Images(NEW YORK) -- As prices for goods are on the rise, there has been a debate over how much control consumers have at the cash register. Some economists, like Rakeen Mabud of the Groundwork Collaborative, an economic policy think tank, say there isn't much attention being paid to companies that are charging these prices. Mabud spoke with ABC News' "START HERE" to discuss the role of corporations during the current economic climate. START HERE: I think th...

Economists warn of possible collateral damage as the central bank hikes interest rates to kill inflation.

"The worst-case scenario is high prices and high unemployment, and I really do worry that we're headed there," one activist said outside the Fed.

Biden pledged that combating inflation would become his top domestic priority as soaring gas prices tank Americans' faith in the economy.

The vast majority of CEOs fear economic decline is looming or already hitting countries across the world, the report said.

The benchmark S&P 500 and the tech-heavy Nasdaq have both plunged 6 per cent so far this week, with the former shedding nearly $2 trillion in this weeks selloff alone.

What Americans face now as the Fed raises interest rates

Reserve Board chair Jerome Powell thinks the labor market is strong enough to withstand higher borrowing costs without suffering widespread job losses.