SILVER SPRING, Md.... But many economists say the Fed’s first rate hike in three years came too late. Two weeks ago, the government reported that inflation at the consumer level soared over the past year at its highest rate in four decades.... The 7.9% price surge ranged across the economy, from food and furniture to apartment rents, airline fares and electricity. There are signs that American consumers are curtailing their spending....

Tom Williams/ Reuters, FILE Postmaster General Louis DeJoy testifies during a House Oversight and Reform Committee hearing in Washington, Aug.... USPS The new United States Postal Service Next Generation Delivery Vehicle is unveiled in this concept image.... " There exists a great deal of excitement about the activities we are engaging in," DeJoy said....

PETALING JAYA: Kuala Lumpur Kepong Bhd’s( KLK) outlook is expected to remain sturdy post-IJM

KUALA LUMPUR: Gamuda Bhd's prospects remain rosy given the improving outlook on the construction

and retention operations for the massive reservoir and its upstream sibling — Lake Powell on the

outlook to US$ 50 to US$ 70( RM209 to RM292) per barrel to reflect its expectation of a continued increase

KUALA LUMPUR: Moody’s Investors Service has revised upwards its medium-term oil price range outlook

KUALA LUMPUR: Petroliam Nasional Bhd( Petronas) expects the path towards sustained demand recovery to remain fragile and uncertain next year as the oil market adjusts to both short and long-term landscapes, driven by the resumption of economic activities amid the COVID-19 pandemic. Vice-president of group procurement Freida Amat said while the accelerated energy transition will create further challenges to the traditional oil and gas business, industry players must be innovative and remain cost-

fundamentals and a disturbing near-term outlook due to the government’s indecision on economic challenges

The production will be mainly from gas.... The reason why( oil) prices are high is because Opec is able to control supply and will slowly release more over time.... At a certain price, we think there will be even more supply( especially coming from the North American shale oil producers).“ We don’t think oil prices will reach beyond US$ 100( RM417) per barrel....