U.S. Economy

California implementing a windfall tax on oil companies would be harmful, FOX Business contributor and Price Futures Group senior market analyst Phil Flynn said.

United Refining Company CEO John Catsimatidis explained why Russia and the OPEC nations are pushing for higher oil prices and how much Russia stands to gain.

Exxon Mobil CEO Darren Woods is pushing back against Energy Secretary Jennifer Granholm's and the Biden Administration's misguided energy and trade policies.

GasBuddy's Patrick De Haan addressed the impact of U.S. oil refinery shutdowns and explained why gas prices in some parts of the country are rising again.

Freddie Mac data shows the 30-year fixed-rate mortgage averaged 6.70 percent with an average 0.9 point as of Sept. 29, up from last week when it averaged 6.29 percent.

Energy expert and FOX Business contributor Phil Flynn says President Biden's warning to gas companies about price gouging ahead of Hurricane Ian is "mind-boggling."

President Biden, speaking at the White House, warned energy industry executives not to raise the price of oil or gas in the aftermath of Hurricane Ian.

Biden once again took aim at oil and gas companies on Monday, accusing them of squeezing consumers with high gas prices despite a drop in the price of oil.

The Seattle coffee giant said it sent letters to stores in 36 states and the District of Columbia offering a three-week window to start negotiations.

The British currency has taken a plunge, sliding against the U.S. dollar to touch an all-time low. The currency chaos is playing out against the dollar’s rally.

Last Week mortgage rates climbed to 6.02% the highest since 2008, until today, which saw the rates climb to 6.29% for the 30-year fixed-rate mortgage (FRM).

A federal judge ruled that Rhode Island's truck tolling system that took effect in 2018 to fund repairs to the state's crumbling bridges is unconstitutional.

JPMorgan Chase CEO Jamie Dimon warned that the U.S. is not on "the right path" as pressure builds to cut investments in the oil and gas energy sector.

Gas prices increased by one cent Wednesday ending a nearly 100 day streak of price declines, according to data from AAA. The last time prices rose was on June 14.

Walmart said it plans to hire 40,000 workers ahead of this year's busy holiday shopping season. In 2021, the company announced it would hire 150,000 employees ahead of the holidays.

Gap is eliminating about 500 corporate jobs, after enduring years of slumping sales at the flagship Gap brand and more recently at the Old Navy chain.

The Biden administration has named a team of 50 individuals, led by economist Aaron "Ronnie" Chatterji, to handle the $52.7 billion included in the CHIPS Act for semiconductor research.

Workers are returning to U.S. offices at the highest rate since the beginning of the COVID-19 pandemic as companies intensify efforts to bring employees back.

Goldman Sachs is cutting its forecast for U.S. Growth Domestic Product in 2023 to 1.1% from 1.5% as monetary policy tightens.

Honda Motors Co. has reportedly asked its employees to give money back from bonuses the company says were overpaid. Marysville factory employees have until Sept. 22.