$8 gas? New study reveals it may come to a blue state next year, triggering bipartisan concern
A recent study indicates that Californians could be paying as much as $8.43 per gallon of gas next year, as two refineries in the state have plans to shutter.
Mortgage rates hold steady, Freddie Mac says
The average rate on the 30-year fixed mortgage remained flat this week at 6.76%, according to the latest data from mortgage buyer Freddie Mac released on Thursday.
Fed holds interest rate steady as it waits to see impact of tariffs
Interest rates hold steady as the Fed studies the impact of economic tariffs.
Toyota sees $1.3B profit hit from Trump tariffs in 2 months
Toyota held an earnings press conference, talking about impacts of tariffs by President Donald Trump. The company's earnings look much different from last year.
With the economic tumult, a serious concern has emerged: stagflation
Economic uncertainty surrounding President Donald Trump's tariffs has raised concerns about stagflation hitting the U.S. economy through slow growth or contraction as well as higher prices.
US trade deficit hits record high in March
The U.S. trade deficit grew to the highest level in March amid a record-setting surge of imports as businesses looked to stockpile inventories before tariffs took effect.
Rite Aid files for bankruptcy for second time in less than 2 years
Drug store chain Rite Aid announced on Monday that they are filing for Chapter 11 bankruptcy for the second time in less than two years.
US job growth cooled in April amid economic uncertainty
The U.S. Department of Labor's employment report for April showed that job growth slowed in the U.S. amid uncertainty over economic conditions, as well as the impacts of trade policy.
Oil prices are down over last 6 months: what does it mean for gas prices?
Gas prices, though having risen slightly while oil prices continue to fall to prices not seen since 2021, could begin to dip downward despite the summer travel season.
Mortgage rates fall for second straight week, Freddie Mac says
The average rate on the 30-year fixed mortgage fell this week to 6.76%, according to the latest Freddie Mac data released on Thursday. That is up from last week's reading of 6.81%.
Inflation gauge favored by Fed showed price growth slowed in March
The Fed's preferred inflation gauge showed price growth slowed in March, as the personal consumption expenditures (PCE) index trended closer to the central bank's target.
US economy slows sharply, shrinking 0.3% in the first quarter, as tariffs weigh
The U.S. economy contracted at a rate of 0.3% in the first quarter of 2025, according to an estimate released on Wednesday by the Bureau of Economic Analysis.
Private sector added 62K jobs in April, well below expectations, ADP says
The figure reported on Wednesday is well below economists’ estimates of 115,000 jobs and also down sharply from the prior month’s reading of 155,000 jobs.
Consumer confidence plunged to a 5-year low in April
The Conference Board's consumer confidence index declined to its lowest level in five years in April, marking five months of declines and reaching levels not seen since COVID.
Pope Francis dead at 88: What is the financial situation of the Vatican?
The Holy See, which governs the Vatican City, generates money in a variety of ways, including through donations from around the world as well as tourism.
Mortgage rates dip from prior week, Freddie Mac says
The average rate on the 30-year fixed mortgage fell this week to 6.81%, according to the latest Freddie Mac data released on Thursday. That's up from last week's reading of 6.83%.
US existing home sales fall more than expected in March
Home sales dropped 5.9% last month to a seasonally adjusted annual rate of 4.02 million units, the National Association of Realtors said on Thursday morning.
Tariff-induced price hikes, trade worries highlighted in Fed's Beige Book
The Federal Reserve's Beige Book found that businesses around the U.S. are seeing costs rise due to tariffs, which will largely be passed on to consumers through higher prices.
Foreign and domestic investments totaling over $5T under Trump, adds 451k jobs for Americans
U.S. investment under President Donald Trump's administration has reached more than $5 trillion, and is expected to generate hundreds-of-thousands of jobs.
Americans trimming back wage expectations for new jobs: NY Fed
The New York Federal Reserve's consumer expectations survey found Americans are lowering their expectations for starting wages at a new job compared with November 2024.