Economic Indicators

The Labor Department reported on Tuesday that there were 10.3 million job openings at the end of September, a sign the labor market is starting to soften.

DoorDash announced that it will lay off more than 1,200 employees in order to reduce operating expenses that, "if left unabated – would continue to outgrow our revenue."

Mortgage rates that have doubled over the past year are sapping demand from the housing market, which saw prices decline for the third month in September.

New York Federal Reserve President John Williams expects inflation to remain elevated in 2024, signaling that interest rates may remain high for "some time."

This week will see Cyber Monday as well as retailers earnings reports. It will also see Fed discussions as the country continues to worry about inflation.

The U.S. government has awarded Chevron Corp. an expanded license to import oil from Venezuela following talks between the socialist Maduro regime and opposition leaders.

Gas prices are sitting around $3.60 per gallon, the highest ever recorded price for Thanksgiving since AAA starting tracking this data for over two decades.

Sheetz is reducing the price of gas to $1.99 a gallon ahead of Thanksgiving from Nov. 21-28 at 368 stores that offer the Unleaded 88.

Mortgage rates fell for the second week in a row, despite the Fed Reserve's hawkishness with the 30-year fixed rate averaging 6.58%, down from 6.61% last week

The White House failed to mention key details about inflation and gas prices on a document it issued listing President Biden's top accomplishments.

The price cap on Russian oil is set to begin in early December. Will replace a plan to completely ban the financing and insurance of Russian oil shipments

The Texas gas price average fell below $3 for the first time since mid-January, according to AAA Texas gas price data.

Another factor driving discussion around raising output: Two big OPEC members, Iraq and the United Arab Emirates, want to pump more oil, OPEC delegates said.

A top energy industry group issued a report for House Republicans to use as a roadmap for energy policy when they take control of the House next year.

The Conference Board's Leading Economic Indicators index fell for the eighth consecutive month, signaling that a recession is looming on the horizon in the U.S.

The 30-year fixed rate mortgage declined to 6.61%, the most since 1981, after nearly 10 weeks of increases.

A majority of Americans are pushing off financial milestones such as getting married, furthering their education or having children because of the current state of the economy.

Red-hot inflation has begun to peak in the United States, but Jeremy Hunt and the Bank of England face the United Kingdom's highest inflation since 1981.

Diesel used in trucks, in homes, and to fuel powerplants has skyrocketed in price as the Jones Act, the pandemic, and Russia's War in Ukraine all disrupt supply.

The Commerce Department released new retail data on Wednesday, revealing how consumers have responded to rapid and stubbornly high inflation in October.