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Bezos slams Biden’s call to cut gas prices: ‘Inflation is far too important a problem for the White House to keep making statements like this’

Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations. Jeff Bezos on Saturday slammed U.S. President Joe Biden for his tweet calling on gas companies to lower prices at the pump, calling it "either straight ahead misdirection or a deep misunderstanding of basic market dynamics."
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Your Fourth of July barbecue is going to cost more this year

Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations. Grilling hot dogs, slicing apple pie, and drinking lemonade are the pinnacles of a Fourth of July barbecue. But as with most fun festivities lately, they might cost you a little extra this year.
FOOD & DRINKS

The inflationary 2020s mean fast food just isn’t cheap anymore

Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations. The all-American genre of fast food has historically been an inflation killer. Industrialization in the restaurant industry has lowered prices for consumers year after year ever since the first White...
BUSINESS

A housing bubble requires 3 elements. The 2022 housing market has hit 2

Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations. In July 2006, the hit "MTV Cribs" returned for its 13th season. Unbeknownst to viewers, who were getting an inside look at pop singers Joey Fatone's home, that season premiere was airing just as the housing bubble was hitting its peak. Between 2000—the first year the show aired—and July 2006, the Case-Shiller U.S. National Home Price Index jumped 84.6%. But the party was coming to an end. After hitting that peak reading in July 2006, the U.S. housing market began to slow. By 2008, it was in a full-blown housing bust. That bust was so deep that U.S. home prices wouldn't top their July 2006 reading again until January 2017.
BUSINESS

‘Every apartment we get, we’re going over ask’: Housing shortage brings bidding wars to rental market

Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations. A few weeks ago, a two-bedroom apartment in Chicago listed for $1,600 per month caught Eric Patterson's eye. While the apartment was at the top of the 43-year-old's budget, he works from home most days, and the extra bedroom would be perfect to accommodate his desk.
CHICAGO, IL

Most employees think their companies are guilty of performative allyship

Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations. Most of us know the drill. There's a national tragedy that directly impacts Black people. Or immigrants. Women. People who identify as LGBTQ+. Asian-Americans. Fill-in-the-blank ethnic or minority group. The event is covered by media outlets across the country, and social media timelines fill up with hot takes and strong opinions. Then one by one, the companies where we spend our money and that employ us release carefully crafted statements reassuring employees and consumers that they're thinking of us and on our side.
ECONOMY

$10,000 offers to get off a plane, CEO apologies and free pizza: Here’s how a massive labor shortage and pent-up demand helped create a chaotic summer for airlines

Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations. Each holiday weekend this summer has ended in chaos for many travelers facing huge numbers of flight cancellations and delays. July Fourth weekend could likely be more of the same.
INDUSTRY

Today is Bobby Bonilla Day, in honor of baseball player who made one of the best financial decisions of all time

Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations. To Gen Xers and older millennials, he formed one half of “Bobby Bo and Barry Bo” with Barry Bonds on the Pittsburgh Pirates of the 1980s. To younger fans who only dimly know baseball, he briefly played for the New York Mets at the turn of the millennium. To fans of sports business, he’s the best dealmaker of all time, the GOAT of contract negotiations.
MLB

FTX.US and BlockFi in $680M tie-up, deal includes option to acquire

Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations. The major cryptocurrency lending platform BlockFi, which has been in distress in recent weeks, announced on Friday that it has reached a deal with FTX.US that will shore up its finances.
BUSINESS

The economy probably just plunged into a recession, according to a real-time data tracker used by a key Federal Reserve bank

Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations. There’s been no shortage of recession predictions so far this year, with everyone from JP Morgan Chase CEO Jamie Dimon to billionaire investor Carl Icahn warning of the potential for an imminent economic downturn.
BUSINESS