Household debt skyrockets to highest level since 2008 financial crisis
U.S. households are racking up debt as they confront rising interest rates and high prices for everyday necessities, according to a WalletHub analysis.
CEOs taking pay cuts as uncertain economic conditions weigh
Chief executives at major tech companies and Wall Street firms are taking pay cuts this year as high inflation and the potential for a recession weigh.
Small business is booming. Here are 6 ways for entrepreneurs to keep thriving
Small business is booming since the pandemic. Here are six ways for entrepreneurs to keep thriving, but they need big government to stay out of the way.
Gas prices hold steady as supply grows: AAA
Gas prices dropped slightly this week and are projected to continue falling from their 2022 highs, according to reports. Here is how to keep your overall auto payments down.
Sticky inflation opens door to steeper Fed rate hike in March
A surprisingly hot inflation report this week has boosted the odds the Federal Reserve raises interest rates by 50 basis points at its meeting in March.
Mortgage rates climb for second week on strength of economy
Home buyers got no relief as mortgage rates climbed to 6.32% amidst pessimism that the Federal Reserve will not get ahead of inflation this year and borrowing will stay expensive.
Booming oil exports boost US role as global price maker
A spurt in U.S. crude production over the past decade has pushed exports to new heights.
Ford cutting 3,800 European jobs in EV push
Ford will cut around 3,800 jobs in product development and administration in Europe as the U.S. automaker cuts global costs to expand more in electric vehicle market.
Biden to sell 26 million barrels more from the Strategic Petroleum Reserve
The Biden administration announced that 26 million barrels of oil will be sold from the Strategic Petroleum Reserve from April through June under a pair of Obama era laws.
Chevron weighs extending CEO Mike Wirth past mandatory retirement age
Mike Wirth is in his fifth year as chief executive of Chevron. High oil and natural-gas prices lifted Chevron’s annual profit last year to a record $35.5 billion.
Marathon earnings, CPI and Fed speeches top week ahead
An Apple artificial intelligence event as well as earnings from Biogen, Cisco Systems and Marriott Hotels set the stage for a busy week on Wall Street.
West coast pipeline leak near Los Angeles has halted gasoline deliveries in several states
A pipeline leak near Los Angeles has shutdown deliveries of gasoline to some California cities and states including Nevada and Arizona
January rents had the smallest increase since May 2021
In January, median asking rent climbed 2.4%, which is the smallest increase since May 2021. It also marked the eighth consecutive month that rent growth has slowed, Redfin reported.
Mortgage rates tick up after weeks of decline
The Federal Reserve's continuing fight to rein in government spending and induced inflation is making all forms of borrowing more expensive, especially mortgages.
DeSantis ridicules Biden's off script oil and gas comments at State of the Union, slams energy policy
Florida Gov. Ron DeSantis mocked President Biden's statement at the State of the Union address Tuesday that the U.S. needs oil and gas production for the next decade.
Gas prices dip as economy recovers: AAA
Oil prices fell this week, according to a report by the AAA, but auto insurance remains high. Here’s how to lower your overall auto payments.
US trade deficit hit record in 2022
The trade deficit in goods and services was a seasonally adjusted $67.4 billion in December, the Commerce Department said Tuesday, up from a revised $61 billion in November.
Copper shortage gets real
A copper deficit might extend beyond 2023 as mining issues in the South American countries of Peru and South America threaten global supply.
California Gov. Newsom asks federal government to investigate high natural gas prices
California Gov. Gavin Newsom asked the Federal Energy Regulatory Commission on Monday to investigate unusually high natural gas prices in recent months.
Gas prices expected to continue to ease in near term: AAA
Gas prices are still higher than they were a year ago but they have been easing modestly. AAA spokesperson Andrew Gross said prices have steadily fallen every day over the past week,