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'Outrageous' used car prices amid highest inflation in 13 years

Video Credit: Bleacher Report AOL - Duration: 02:29s - Published
'Outrageous' used car prices amid highest inflation in 13 years

'Outrageous' used car prices amid highest inflation in 13 years

Consumer prices were up 5.4% in June, the biggest jump in annual inflation in nearly 13 years.

CNN’s Vanessa Yurkevich visits President Biden’s home town of Scranton, PA, where residents and businesses are feeling the impact of inflation.


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Joe Biden Joe Biden President of the United States since 2021

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President Biden signs historic legislation securing billions in US aid for Ukraine and Israel, reaffirming America's commitment to global security. Despite criticisms over human rights abuses in Gaza, Biden emphasizes the 'ironclad' nature of US support for Israel's defense. Stay informed with the latest developments on international affairs. #JoeBiden #Israel #Gaza #IsraelHamasWar #IsraelPalestine #IsraelPalestineWar #USPresident #USNews #USAidBill #RussiaUkraineWar #Oneindia ~PR.274~ED.103~GR.125~

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Pennsylvania Pennsylvania U.S. state

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Biden Wants to Increase Tariffs , on Chinese Steel and Aluminum Imports. Speaking from the United Steelworkers union in Pennsylvania on April 17. Speaking from the United Steelworkers union in Pennsylvania on April 17. Biden will call on U.S. Trade Representative Katherine Tai to triple tariffs on Chinese steel and aluminum, NPR reports. . Biden will call on U.S. Trade Representative Katherine Tai to triple tariffs on Chinese steel and aluminum, NPR reports. . Those tariffs are presently at about 7.5%. While these Chinese imports "account for less than 1% of U.S. demand," the country's steel prices are 40% cheaper than America's, NPR reports. . The White House is concerned that this could prompt a surge of exports. . China's policy-driven overcapacity poses a serious risk to the future of the American steel and aluminum industry, Lael Brainard, Biden's top economic adviser, via NPR. The president understands we must invest in American manufacturing, but we also have to protect those investments and those workers from unfair exports. , Lael Brainard, Biden's top economic adviser, via NPR. The Biden administration also sent officials to Mexico to discuss preventing Chinese steel from entering the U.S. via its southern neighbor. . I want to emphasize our desire to cooperate and partner with Mexico on addressing imports coming in to the North American market as a way of circumventing tariffs, Senior administration official, via NPR. I'm not going to get ahead of the diplomatic conversations that have happened today and that will be happening in the days and weeks to come. , Senior administration official, via NPR. But I think we're hoping to come to a mutually acceptable solution with Mexico, because this is a problem that affects both of our economies, Senior administration official, via NPR. United Steelworkers recently endorsed Biden after he voiced his opposition to a U.S. Steel takeover by Nippon Steel, a Japanese company. . United Steelworkers recently endorsed Biden after he voiced his opposition to a U.S. Steel takeover by Nippon Steel, a Japanese company.

Credit: Wibbitz Top Stories    Duration: 01:31Published
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Aerosmith Announces , Rescheduled ‘Peace Out’ Tour Dates. The veteran rockers postponed their farewell tour nearly seven months ago after singer Steven Tyler "fractured his larynx," CNN reports. . The band issued a statement about Tyler's condition at that time. To our fans: Unfortunately, Steven’s vocal injury is more serious than initially thought. His doctor has confirmed that in addition to the damage to his vocal cords, he fractured his larynx which requires ongoing care, Aerosmith, via Facebook. He is receiving the best medical treatment available to ensure his recovery is swift, but given the nature of a fracture, he is being told patience is essential. , Aerosmith, via Facebook. As a result, all the currently scheduled PEACE OUT shows must be postponed to sometime in 2024, with new dates to be announced as soon as we know more, Aerosmith, via Facebook. On April 10, the band took to Instagram to announce that they are "thrilled" to have rescheduled tour dates. The tour will begin Sept. 20 in Pittsburgh, PA. The 40-date run will end in Buffalo, NY, on Feb. 26. The Black Crowes will serve as the supporting act. "All previously purchased tickets will be honored for the rescheduled shows," Aerosmith said. The farewell North American tour is intended to be a celebration of the band's 50 years together, CNN reports.

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4.8-Magnitude Earthquake , Hits US East Coast. NBC reports that the East Coast of the United States was struck by an earthquake on April 5 which was felt from Maryland to Maine. According to the U.S. Geological Survey, the earthquake struck just before 10:30 a.m. local time and was measured at a 4.8-magnitude. . There were no initial reports of any major damage. According to New York Governor Kathy Hochul, the quake could be felt across the state. . My team is assessing impacts and any damage that may have occurred, and we will update the public throughout the day, Kathy Hochul, New York Governor, via NBC. New Jersey Governor Phil Murphy said that the state's emergency operations center had been activated. New Jersey Governor Phil Murphy said that the state's emergency operations center had been activated. As a result of the quake, the Port Authority Transit Corp. suspended service between Pennsylvania and New Jersey. . Crews will inspect the integrity of the line out of an abundance of caution. Once inspection is complete, service will resume. No timeframe. Updates to follow, Port Authority Transit Corp. statement, via X. Meanwhile, New York’s Metropolitan Transportation Authority said service would not be impacted by the quake, and teams would be inspecting train lines for damage. NBC reports that earthquakes are a rare occurrence in the Northeast, however in February of 2023, Buffalo, New York, was struck by a 3.8-magnitude quake

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