Economic Indicators

After OPEC announced it intends to decrease production starting in May, gas prices increased, according to AAA’s latest gas prices report.

Virgin Atlantic says it is seeing strong demand for its premium seating as the airline industry is experiencing a spike in travel since the end of the COVID-19 pandemic.

Potential homebuyers received more positive news from Freddie Mac's weekly interest rate report, as long term mortgage rates continued their decline for the fourth week. The 30-year rate fell to 6.28% from 6.32%.

The potential sales come as lawmakers and regulators across the U.S. debate the future of natural gas for home heating and cooking as more towns and cities look to phase it out.

Oil prices eased in early Thursday trading after Asian markets opened as weak U.S. labor market data indicated economic demand may slow and impact demand.

The global online bookstore owned by Amazon is shutting down at the end of April after running for almost two decades. The move comes as Amazon continues to rein in costs.

Market analysts said the oil production cut announcement Monday from a powerful oil-rich Saudi-led coalition will drive U.S. gasoline prices higher ahead of peak driving season.

The secondhand clothing market is surging, and both older and younger generations have jumped on the trend. ThredUP CEO James Reinhart says its best years are just ahead.

GasBuddy head of petroleum analysis Patrick De Haan says OPEC's surprise production cut served as a "wild card" to gas prices, warning the Midwest and Florida will see spikes first.

The Labor Department reported on Tuesday that U.S. job openings fell to the lowest level since May 2021 amid the Federal Reserve's interest-rate hike campaign.

JPMorgan Chase CEO Jamie Dimon wrote about the collapse of Silicon Valley Bank and ongoing turmoil within the financial sector in a letter to shareholders.

Treasury Secretary Janet Yellen said that the decision by OPEC+ to reduce oil production isn't a positive move for global growth amid persistent inflation.

Gas prices may surge as we head into the summer driving season due to the latest productions cut from OPEC+, according to experts.

Surprise oil production cuts announced by OPEC+ on Sunday sent oil prices soaring higher, with Brent crude surging to more than $83 a barrel on Monday.

Bed Bath & Beyond warned in a filing with the Securities and Exchange Commission that it will "likely" file for bankruptcy if it's not able to secure funds from a stock offering.

Housing markets in tech hubs have cooled rapidly as turmoil hits the sector and mortgage rates remain elevated, according to a new report from Redfin.

Michigan has become the first state in decades to repeal a "right-to-work" law. Gov. Gretchen Whitmer, a Democrat, signed the legislation on Friday to praise from President Biden.

Demand for home buying has been "steady" as mortgage rates continue to slip. Mortgage rates fell for the second week to 6.42%, according to Freddie Mac, after the Federal Reserve said it would modestly hike rates.

Gas prices decreased this week to $3.49 per gallon, AAA reported. And prices could hold steady as the price of oil remains low, despite a rise in demand for gas.

Texas-based Indeed is laying off 2,200 employees due to a decrease in job openings following a recent post-COVID boom. CEO Chris Hyams apologized in a Wednesday letter.