Free Republic

Tariffs are costing automakers billions, but they’ve announced little in the way of car price hikes. While that’s good for car buyers, it’s not necessarily good for the American economy. Costs have ballooned for car companies after the Trump administration imposed 25% tariffs on imported cars — nearly half the US car market — as well as an additional 25% on imported parts, which every car built here depends on.

Russia's invasion of Ukraine is a major reason that US drivers are paying record prices for gasoline. But it's not the only cause of the spike. Numerous factors are pushing prices up, with regular gasoline hitting a record $4.87 a gallon Monday according to AAA's survey — up 25 cents a gallon in just the last week. Gas prices were already expected to breach the $4 a gallon mark for the first time since 2008, with or without shots fired in Eastern Europe or economic sanctions imposed on Russia. But now the national average is expected to hit $5 a...

Peabody Energy, the world's largest private-sector coal producer, warned early Wednesday it may go out of business, the latest sign of the brutal conditions in the battered industry. In a regulatory filing the company said that ongoing losses and its decision to miss certain interest payments means it may not have enough cash to "sustain operations and continue as a going concern."