Economic Indicators

California implementing a windfall tax on oil companies would be harmful, FOX Business contributor and Price Futures Group senior market analyst Phil Flynn said.

United Refining Company CEO John Catsimatidis explained why Russia and the OPEC nations are pushing for higher oil prices and how much Russia stands to gain.

Exxon Mobil CEO Darren Woods is pushing back against Energy Secretary Jennifer Granholm's and the Biden Administration's misguided energy and trade policies.

GDP contracted in the second quarter of 2022, according to the final estimate from the Bureau of Economic Analysis (BEA). Here's what that means for you.

A key measure of inflation that is closely monitored by the Federal Reserve rose faster than expected in August as prices remain near a four-decade high.

GasBuddy's Patrick De Haan addressed the impact of U.S. oil refinery shutdowns and explained why gas prices in some parts of the country are rising again.

Freddie Mac data shows the 30-year fixed-rate mortgage averaged 6.70 percent with an average 0.9 point as of Sept. 29, up from last week when it averaged 6.29 percent.

The Commerce Department said its final reading of second quarter gross domestic product data on Thursday shows the economy shrank 0.6% in the spring, indicating the start of a recession.

Energy expert and FOX Business contributor Phil Flynn says President Biden's warning to gas companies about price gouging ahead of Hurricane Ian is "mind-boggling."

President Biden, speaking at the White House, warned energy industry executives not to raise the price of oil or gas in the aftermath of Hurricane Ian.

Biden once again took aim at oil and gas companies on Monday, accusing them of squeezing consumers with high gas prices despite a drop in the price of oil.

The Seattle coffee giant said it sent letters to stores in 36 states and the District of Columbia offering a three-week window to start negotiations.

The British currency has taken a plunge, sliding against the U.S. dollar to touch an all-time low. The currency chaos is playing out against the dollar’s rally.

Inspired by Margaret Thatcher’s free market economics, Liz Truss has insisted that growing the economy and tax cuts for businesses will benefit everyone.

The Heritage Foundation reported that the average American has lost $4,200 in average income since President Biden took office, wiping out gains made under his predecessor.

Social Security benefits are expected to increase in 2023, but could be less than previously forecasted, according to The Senior Citizens League. Here's how much of an increase retirees could see in 2023.

The Fed's September meeting ended with yet another 75-basis point rate hike.

The Federal Reserve is likely to hike interest rates even more aggressively than initially believed as they try to combat inflation, according to Goldman Sachs economists.

Last Week mortgage rates climbed to 6.02% the highest since 2008, until today, which saw the rates climb to 6.29% for the 30-year fixed-rate mortgage (FRM).

A federal judge ruled that Rhode Island's truck tolling system that took effect in 2018 to fund repairs to the state's crumbling bridges is unconstitutional.