Used car prices hit their highest level in nearly 3 years as wholesale demand stays strong
Used car prices hit their highest level since summer 2023 as demand stays strong, with the Manheim Used Vehicle Value Index rising 6.2% year over year.
Where gas prices are rising the fastest as Trump’s Iran deadline looms
Gas prices surge across the U.S. as Trump’s warning to Iran heightens risks in the Strait of Hormuz, a key route for global oil and fuel supplies.
Jamie Dimon warns Iran war could drive inflation, interest rates higher
JPMorgan CEO Jamie Dimon warns the Iran war may lead to stickier inflation and higher interest rates than markets currently expect in 2025 and beyond.
Where gas prices are rising fastest as Trump issues fresh warning to Iran
Gas prices jumped nationwide amid Iran tensions, hitting $4.11 on average as diesel tops a record $8 per gallon in San Francisco.
San Francisco becomes first US city where diesel prices top $8 a gallon
Average diesel prices in San Francisco have surpassed $8 a gallon for the first time, making it the first U.S. city to reach the record level.
Auto industry trade group urges feds to scrap gas tax and replace it with a vehicle weight fee
Alliance for Automotive Innovation CEO John Bozzella proposed replacing the federal gas tax with a weight-based vehicle fee for road infrastructure spending.
American workers' wage gains lost momentum in March despite strong hiring, economists say
Average hourly earnings rose just 0.2% in March, missing expectations as analysts warn softer wage growth and rising energy prices squeeze consumers.
US economy added 178,000 jobs in March, well above expectations
The Labor Department released the March jobs report on Friday which showed the economy added jobs at a solid pace last month after an unanticipated decline in February.
United Airlines checked bag fees climbs $10-50 as fuel prices nearly double since Iran war
United Airlines raises checked bag fees by $10 starting Friday, its first hike in two years, following JetBlue's similar move amid rising fuel costs.
NY Fed President John Williams warns Iran-driven oil spike could ripple through economy
Fed President John Williams warns that rising energy prices from the Iran War could spread across multiple sectors of the economy, affecting inflation.
Mortgage rates rise for fifth straight week as Iran war continues to roil markets
The average rate on a 30-year fixed mortgage rose this week to 6.46%, according to the latest Freddie Mac data released Thursday. That is up from last week's reading of 6.38%.
State-by-state view of gas prices as Iran war pushes oil markets higher
Gas prices are surging nationwide as the conflict with Iran drives up oil costs, pushing the national average above $4 and squeezing household budgets.
GM to boost pickup truck production in Michigan amid strong demand
GM plans to run its Flint Assembly plant six days a week starting in June, mandating overtime for 4,200 workers to boost heavy-duty Silverado and Sierra output.
Private sector added 62,000 jobs in March, above expectations, ADP says
The figure reported on Wednesday is above economists’ estimates of an increase of 40,000 jobs. The prior month's reading was revised higher to a gain of 66,000 jobs.
JetBlue hikes baggage fees by up to $9, citing rising fuel prices amid Iran war
JetBlue is raising baggage fees by up to $9 for economy passengers, citing surging jet fuel prices linked to the Iran war and global oil shortages.
US gas tops $4 a gallon as Iran conflict drives sharp rise in fuel costs
U.S. gas prices climbed above $4 a gallon as Iran conflict disrupts oil supply, with GasBuddy and AAA data confirming the surge.
Powell warns of new energy supply shock as gas prices surge: 'No one knows how big it will be'
Federal Reserve Chair Jerome Powell warned of a new energy supply shock as oil tops $100 a barrel and gas prices surged over 34% in just one month.
Costco to open its first stand-alone gas station with second location coming next year
Costco plans its first stand-alone gas station in Mission Viejo, California, with 40 pumps for members only and a second site reportedly planned for 2027.
Uber expands fuel relief program as Iran war fuels spike in gas prices
Uber is expanding fuel discounts for U.S. drivers, offering up to $1.44 per gallon in savings through Upside, Shell Fuel Rewards and the Uber Pro Card.
Iran war could push inflation higher this year, Goldman Sachs says
Goldman Sachs economists see inflation moving higher this year than in their previous forecast amid the oil price shock caused by the Iran war's impact on global oil supplies.