Economic Indicators

The Federal Reserve likely triggered a recession in the housing market with its interest rate hike campaign as rising borrowing costs price out first-time buyers.

OPEC+ announced a plan to cut supplies to the global economy by 100,000 barrels per day next month, which reverses their September increase by the same amount.

Russia state owned energy giant Gazprom has extended its pipeline shutdown indefinitely, missing its Saturday deadline to restart natural gas supplies to Europe.

U.S. employers added 315,000 jobs in August, opening the door to another super-sized interest rate hike when Fed policymakers meet at the end of September.

The Labor Department's August jobs report released Friday showed that hiring remained healthy last month, thanks to broad-based hiring by U.S. companies.

The economy is likely to see modest growth in the second half of 2022, followed by a mild recession next year, according to Fannie Mae's latest forecast.

Federal Reserve Chair Jerome Powell spoke at the Jackson Hole conference last week, saying that Americans will likely feel the financial burden as the Fed doubles down on decreasing inflation.

The U.S. economy likely added 300,000 jobs in August, a solid figure that could raise the odds of another super-sized Federal Reserve rate hike later this month.

The conservative think tank Just Facts promoted research during the coronavirus pandemic at least eight times that was at first dismissed but ultimately shown to be correct.

The board chair of Russia's largest private oil company, Lukoil, has died. Russian news agencies reported Ravil Maganov fell from a hospital window in what may have been a suicide.

GasBuddy head of petroleum analysis Patrick De Haan reveals what could cause falling gas prices to rise again and the best times to drive over Labor Day Weekend.

Applications for unemployment insurance fell again last week, indicating that employers are still avoiding layoffs in the historically tight labor market.

This year, 31 states have enacted some form of tax cut or rebate. Missouri and Idaho are likely to increase this number aiming to relieve constituents of high inflation.

New York mayor Eric Adams and the New York City Taxi and Limousine Commission announced an agreement with the city's largest medallion lender to provide debt relief to owners.

Federal Reserve Bank of Cleveland President Loretta Mester said on Wednesday that policymakers need to raise interest rates into restrictive territory to cool inflation.

The Labor Department reported on Tuesday that there were 11.2 million job openings at the end of July as employers competed to hire a limited number of available workers.

Ukrainian President Volodymyr Zelenskyy tells European business leaders that Ukraine can be a 'stable' sources for energy if Russia's war effort does not stop them.

Diesel and heating oil inventories are dangerously low in the Northeast, prompting concerns as winter approaches and people begin

Federal Reserve Chairman Jerome Powell warned that interest rates will remain elevated for "some time," raising the odds on Wall Street of another 75 basis point increase.

A Russian-owned natural gas compressor station operated by Gazprom has been burning gas at an excessive rate amid gas shortages in Europe.