Economic Indicators

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.

Even with inflation, which rose 7.7% in October from a year earlier, an increasing number of Americans who plan to celebrate Christmas plan to buy a real Christmas tree.

Nearly 48,000 unionized academic workers at University of California campuses went on strike Monday, calling for pay increases and various additional benefits.

Airbnb co-founder Nate Blecharczyk expressed confidence in the home-share platform despite economic headwinds like high inflation squeezing household budgets.

Consumers are growing more pessimistic as inflation expectations tracked by the Federal Reserve Bank of New York increased across all horizons, while unemployment expectations deteriorated.

Inflation moderated slightly in October, but certain parts of the country continued to see consumer price rates above 10%, according to the Labor Department.

President Biden touted his administration's policies and approach to lifting the economy. He said Americans are 'seeing results' and that he would continue to combat inflation.

Mortgage rates have seen record high's over the last 10 weeks, climbing to and the hovering around 7%. This week they climbed up to 7.08% doubling last year.

Republican Govs. Ron DeSantis of Florida and Brian Kemp of Georgia both won re-election, receiving major support among voters concerned about inflation.

Here's where the midterm election results stand, and what it means for the future economy.

Phillips' investor-return plan comes at a time President Biden has demanded that energy companies invest their profit into boosting production before considering shareholder returns.