U.S. Economy

The average price for a gallon of gas was $3.53 for the week ending May 18, 2023, according to AAA data. Low oil prices and a decline in demand for gas kept prices at the pump low, as more people are projected to travel for the Memorial Day weekend this year, AAA reported.

The median rent in Manhattan rose 1.6% to $4,241 last month, notching yet another record. Median rents are up more than 8% compared to a year ago, according to a new report.

The Mexican government said that renewed inspections of trucks at the Texas border have caused lengthy delays for freight shipments and millions of dollars in losses.

Over 70% of stay-at-home moms have already faced challenges in trying to re-enter the workforce, new data shows. Many say employers see their current role as a resume gap.

Gristedes CEO John Catsimatidis explained when Americans will see a break at the supermarket.

Average gas prices dipped to $3.53 per gallon for the week ending May 11, 2023, AAA reported. The low cost of oil has kept gas prices on the decline despite a rise in gas demand, AAA said.

Airbnb reported a strong quarter with revenue up double digits and free cash flow reaching its highest mark in history as people continue to prioritize travel.

Microsoft announced that full-time salaried employees won't be getting raises in 2023 as the company its shifts focus to artificial intelligence amid the uncertain economy.

Airfare to Europe and Asia this summer already reached its highest level in over five years due to continued demand, higher jet fuel prices and lower capacity.

Gas prices decreased last week, but rising interest rates have raised concerns of a recession, according to AAA.

Nearly half of Americans are very or moderately worried about the safety of their funds in a bank or other financial institution amid an onslaught of bank failures in recent months.

The head of one of America's biggest oil producers argues the Biden administration's restrictions on the industry has been the "dumbest thing" done "for political reasons."

Shares of First Horizon are down on Thursday after the company said a merger agreement with TD Bank was terminated due to uncertainty over regulatory approvals.

The declining number of newly listed homes is one of the biggest hurdles facing potential buyers this spring. Active inventory is still well below pre-pandemic levels.

Morgan Stanley is looking to trim its workforce by 3,000 workers amid an uncertain economic environment that's caused a slowdown in deal making across Wall Street.

The Treasury Department said Monday that the deposits of former customers at collapsed First Republic Bank are safe because the banking system remains sound and resilient.

New home listings have dropped over 20% in April, which marked one of the biggest declines since the COVID pandemic, according to a new report from Redfin.

The economy is facing several headwinds, including higher interest rates as the Fed fights inflation, and tightening credit conditions, which could crimp consumer and business spending.

Walt Disney Co. reportedly will cut thousands of jobs across the company by next week, including those at theme parks, in entertainment and on corporate teams.

FOX Business' Stuart Varney discusses Biden putting his 'thumb on the scale' for 'disadvantaged communities' amid his administration's new mortgage fee rollout.