Economic Indicators

The Social Security Administration announced a substantial increase for beneficiaries in 2023, marking the highest COLA increase in more than 40 years.

Kroger is acquiring Albertsons for $34.10 per share in a deal valued at around $24.6 billion. Kroger CEO Rodney McMullen will continue to lead the combined company.

Freddie Mac said the 30-year fixed-rate mortgage hit it's highest level since 2002 this past week, reaching a high of 6.92%. This is up from 3.05% a year ago in Oct. 2021.

Russian President Vladimir Putin claimed he and his war in Ukraine have nothing to do with the energy crisis plaguing Europe as nations brace for winter.

A conservative group wants a pro-fossil fuel lawyer and scientist on the board of Exxon Mobil Corp., in an effort to confront an "insurgency" of pro-ESG members

The producer price index, which measures inflation at the wholesale level before it reaches consumers, remains at a multi-decade high, the Labor Department said Wednesday.

Corporate Bond ETF's in the US, including many of BlackRock's, sink further as the UK bond market and US inflation have investors weary of a global debt crisis.

The New York Federal Reserve released a closely watched survey on Tuesday revealing that Americans' inflation expectations dropped in the short-term again.

The award to Bernanke cited a 1983 publication establishing bank failures as key to the transformation of an economic recession into the most severe depression of the 20th century.

Valero is denying California regulators' accusations of price gouging amid a drop in crude oil prices, pointing instead to the state's regulatory environment.

FOX Business host Larry Kudlow rips President Biden's economic and energy agenda as Americans continue to face inflation on "Kudlow."

President Biden, speaking at a Volvo manufacturing plant in Hagerstown, Maryland, on Friday, blamed OPEC+ for the country's inability to lower historically high gas prices nationwide.

Rep. Ro Khanna, D-Calif., said Biden's priority is to lower gas prices and he should get tougher on Saudi Arabia after OPEC moves to cut oil production.

Job growth slowed in September but remains strong. And economists suspect the labor market could slow significantly further in the months ahead.

The U.K. national power operator has warned that citizens should brace for up to three-hour energy blackouts this winter in the 'unlikely' event gas supplies dwindle.

President Biden told reporters the decision by OPEC+ was a 'disappointment' and said the White House was looking for other 'alternatives.'

Republican Senator Bill Hagerty of Tennessee addresses the energy policy of the Biden administration and how it has impacted America's erratic oil market.

The Biden administration moved closer Thursday to a final decision on offshore oil and gas drilling which could lead to a scenario without any lease sales on federal waters through 2028.

The 30-year fixed-rate mortgage fell 4 basis points from its peak last week of 6.70 percent to 6.66 percent, ending a 6 week climb.

Senior account executive Phil Flynn of Price Futures Group discusses how the move by OPEC to lower oil prices may affect gas prices in the United States.