Today, the Federal Open Markets Committee (FOMC), the Federal Reserve body which determines interest rates, announced a 75 basis points interest rate hike, the sixth increase in eight months, despite warnings from economic experts that doing so would cause a recession and cost as many as 3.2 million people their jobs by the end of 2023.
As a major merger deal between grocery giants Kroger and Albertsons faces scrutiny from a key U.S. Senate subcommittee, government watchdog Accountable.US released a new analysis challenging claims from the companies that the merger will lead to lower costs.
Today the New York Times spotlighted yet more data showing price hikes on working families by big food companies and restaurants have been motivated by corporate greed and not to keep up with the cost of doing business, based on their own earnings reports.
Today, three of the nation's largest oil companies, Marathon Petroleum, BP America and Phillips 66, reported their latest quarterly profits, together bringing in a jaw-dropping $14 billion this quarter, totaling over $30 billion in profit this year as they continue to price gouge consumers.
Today, Accountable.US released the following analysis in response to President Biden's latest call to Congress to consider a windfall profits tax on the largest oil and gas companies if they fail to ramp up production.
Today, two of the nation's largest oil companies, Exxon and Chevron, reported their latest quarterly profits, together bringing in an eye-popping $31 billion this quarter, racking up nearly $73 billion in profit this year as they continue to price gouge consumers.
Today, Shell announced their massive quarter three profits racking up $9 billion this quarter, bringing in over $30 billion in profit this year as they continue to price gouge consumers. This marks a 133% increase in profit margins compared to the first nine months of 2021. At the same time, American consumers have been overburdened with historical
Washington D.C. – Online retail giant Amazon has reopened the checkbook for members of Congress who voted against certifying the 2020 presidential election in the immediate aftermath of the insurrection at the U.S. Capitol.
Government watchdog Accountable.US applauded the Consumer Financial Protection Bureau’s announcement today that stands to save consumers billions each year by taking the first step towards curbing abusive and surprise overdraft fees imposed by banks across the country. The guidance marks a major milestone in the CFPB’s initiative.
Government watchdog Accountable.US condemns the 5th U.S. Circuit Court of Appeals ruling that the Consumer Financial Protection Bureau’s funding mechanism is unconstitutional – a case filed by the payday lending industry in a targeted attempt to undermine the power of the CFPB.
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