Mortgage rates tick higher as geopolitical tensions mount
The average rate on a 30-year fixed mortgage rose this week to 6.3%, according to the latest Freddie Mac data released Thursday. That is up from last week's reading of 6.23%.
US national debt surpasses size of the economy for first time since World War II
The U.S. national debt held by the public has surpassed the size of the economy for the first time since World War II, reaching over 100% of GDP in March.
US economic growth bounces back, as AI buildout and consumer spending fuel first quarter
First quarter GDP grew at 2%, slightly below the expected 2.3%, as equipment investment in AI and computers along with consumer spending led growth.
Trump signs order aiming to help expand access to retirement accounts
President Donald Trump signed an executive order seeking to help expand retirement account access to people who do not have employer-supplied plans.
Fed's favored inflation gauge remained elevated in March
The latest PCE inflation data was released by the Commerce Department which showed that inflation rose and remained elevated in March due in part to the Iran war's impact.
US shrimpers face ‘double whammy’ from soaring fuel costs, tariff refunds
Rising fuel costs and tariff refund policies are pressuring U.S. shrimpers, with some delaying trips as profitability declines.
Gas prices soar to highest point so far during unsettled conflict with Iran
The AAA national average price for regular gas has risen to a whopping $4.229, the highest point so far amid the still unresolved war between the U.S. and Iran.
Your summer BBQ is about to cost more – here’s the surprising reason why
Propane prices are rising ahead of barbecue season due to Middle East-driven energy costs, with ripple effects hitting food prices, including beef and grilling staples.
LARRY KUDLOW: American economic success — we have oil
Hats off to the Treasury Secretary, Scott Bessent, for keeping the financial heat on Iran as part of the war effort
How does Fed chair nominee Kevin Warsh view the central bank's inflation goal?
Fed chair nominee Kevin Warsh is testifying before the Senate Banking Committee and has previously signaled support for a range-based approach to inflation targets.
California built more homes than people over six years — so why is housing still so tight?
California added 677,000 housing units while population grew by just 39,000, but vacancy rates remain tight amid a longstanding housing shortage.
Trump: Energy Secretary Wright 'totally wrong' on delayed return to $3 gas
Trump says Energy Secretary Wright is wrong about $3 gas timeline, insisting prices will drop once the Strait of Hormuz oil blockade is resolved.
Air Canada scraps key US routes as fuel costs surge amid Iran war
A major airline announced Friday that it is suspending select routes in the U.S., citing soaring jet fuel costs that have made certain operations unprofitable.
How cutting one costly habit could save small businesses thousands on fuel: expert
High gas prices are squeezing small businesses, but Ford Pro says cutting unnecessary vehicle idling could save fleet operators thousands each year.
Elon Musk backs ‘universal high income’ to combat AI job losses
Economists push back on Elon Musk's universal high income proposal, warning it could bankrupt governments and fail to prevent AI-driven inflation.
Mortgage rates fall as Iran ceasefire eases market tensions
The average rate on a 30-year fixed mortgage fell this week to 6.3%, according to the latest Freddie Mac data released Thursday. That is down from last week's reading of 6.37%.
Bessent warns gas stations that Treasury Dept will keep them 'honest' after spike in prices
Scott Bessent warns gas stations that raised prices amid oil supply fears, saying Treasury will watch to ensure prices drop as conditions improve.
Tax Day is here: Advice for last-minute filers racing against the clock
The April 15 tax filing deadline is here. A tax expert says e-filing with direct deposit is the fastest way to get a refund from the IRS this year.
White House study says DEI policies cost US economy by promoting unqualified managers
A White House report says DEI promotion led to inefficient management, raising business costs and reducing economic growth by an estimated $94 billion.
Time to ditch AI anxiety — experts say there’s a lot less to fear than we think
Workers face rising AI disruption, but experts say learning new skills can ease fears and unlock job growth as businesses invest billions and new roles continue to emerge.