Economic Indicators

Goldman Sachs is weighing potential layoffs of up to 8% of its workforce in the new year as the economy continues to pose headwinds, a source familiar with the matter said.

Rent prices in November increased 1.23% month-over-month after two months of declines. This pushed median rent prices up above $2,000 yet again. Prices also rose 7.54% annually.

Grocery costs jumped 12% in November compared to a year ago, according to government data. The elevated prices are forcing shoppers to make trade-offs or even forgo certain items.

The ECB said it would raise its key rate to 2% from 1.5%, the highest level since 2009. The bank also said it would reduce its multitrillion-dollar bondholdings starting in March

The U.S. Department of Commerce plans to add over 30 Chinese companies to a trade blacklist next week, according to a new report.

While annual consumer price inflation dipped to 10.7% in November from 11.1% the previous month, inflation remains at levels last seen in the 1970s and early 1980s.

The national average price for regular gasoline is expected to sit around $3 per gallon, according to automobile club AAA. Many states will see their averages fall below $3.

Petroleum market experts criticized California Gov. Gavin Newsom for his recent move to punish oil companies for high profits, saying he was misinformed about economics.

The Labor Department released the latest inflation data set on Tuesday, revealing just how hot consumer prices ran in November as the Fed tries to tame high prices.

The consumer price index likely surged again in November as inflation remains near a 40-year high, continuing to inflict financial pain on millions of Americans.

Germany is building new LNG facilities in Wilhelmshaven at record speed to make up for gas supplies that Russia has stopped sending since invading Ukraine.

Exxon Mobil CEO Darren Woods sits down to discuss energy policy and security, after Ukraine, as well as carbon emissions and clean energy such as renewables.

Inflation at the wholesale level increased faster than expected in November as producer prices remain stubbornly high, the Labor Department reported on Friday.

The average long-term U.S. mortgage rate fell for the fourth week in a row and has fallen more than three-quarters of a point since hitting a 20-year high last month, according to mortgage packager Freddie Mac.

FOX Business’ Stuart Varney discusses the price of gas in the U.S. and the impact of Biden’s ‘failed’ energy policy on Americans.

The national average cost of a gallon of regular gas, which is $3.33 a gallon Thursday, is now lower than what Americans were paying last year, AAA says.

A top Texas state Senate committee issued a subpoena last month demanding asset manager BlackRock hand over key documents related to its decision-making on environmental investments.

As inflation remains high, a recent poll suggested some consumer concerns about economic uncertainty in 2023. Here's how to keep your finances on track.

Digital media company BuzzFeed said it's reducing its workforce by 12% in order to weather the economic downturn that it expects will continue into next year.

The Business Roundtable said in its fourth quarter CEO Economic Outlook Index that sentiment among corporate leaders plunged to the lowest level in two years.