Mortgage rates fall for first time in weeks after US-Iran ceasefire
The average rate on a 30-year fixed mortgage fell this week to 6.37%, according to the latest Freddie Mac data released Thursday. That is down from last week's reading of 6.46%.
US economy grew at 0.5% in fourth quarter
The Commerce Department released its second and final revision for fourth quarter GDP which found the economy grew at a slower pace than was previously reported.
Fed's favored inflation gauge remained elevated in February, delayed report shows
The Commerce Department on Friday released the February 2026 PCE inflation report, which showed the Federal Reserve's preferred inflation gauge remained stubbornly high for consumers.
Energy Secretary Chris Wright warns California's energy crisis under Newsom could threaten national security
Energy Secretary Chris Wright said California's lack of energy production could pose a national security risk, criticizing Gov. Gavin Newsom for outsourcing oil and gas imports.
Fed official says interest rate hike possible as gas prices, inflation remain elevated
Fed's Beth Hammack warns interest rates could rise if inflation stays elevated, citing uncertainty over the Iran war's impact on oil and gas prices.
US workers increasingly trapped in the 'Great Detachment' as hiring slows, report shows
A new report reveals a "Great Detachment" among U.S. workers, with declining job optimism and rising disengagement in the current labor market.
Used car prices hit their highest level in nearly 3 years as wholesale demand stays strong
Used car prices hit their highest level since summer 2023 as demand stays strong, with the Manheim Used Vehicle Value Index rising 6.2% year over year.
Where gas prices are rising the fastest as Trump’s Iran deadline looms
Gas prices surge across the U.S. as Trump’s warning to Iran heightens risks in the Strait of Hormuz, a key route for global oil and fuel supplies.
Jamie Dimon warns Iran war could drive inflation, interest rates higher
JPMorgan CEO Jamie Dimon warns the Iran war may lead to stickier inflation and higher interest rates than markets currently expect in 2025 and beyond.
Where gas prices are rising fastest as Trump issues fresh warning to Iran
Gas prices jumped nationwide amid Iran tensions, hitting $4.11 on average as diesel tops a record $8 per gallon in San Francisco.
San Francisco becomes first US city where diesel prices top $8 a gallon
Average diesel prices in San Francisco have surpassed $8 a gallon for the first time, making it the first U.S. city to reach the record level.
Auto industry trade group urges feds to scrap gas tax and replace it with a vehicle weight fee
Alliance for Automotive Innovation CEO John Bozzella proposed replacing the federal gas tax with a weight-based vehicle fee for road infrastructure spending.
American workers' wage gains lost momentum in March despite strong hiring, economists say
Average hourly earnings rose just 0.2% in March, missing expectations as analysts warn softer wage growth and rising energy prices squeeze consumers.
US economy added 178,000 jobs in March, well above expectations
The Labor Department released the March jobs report on Friday which showed the economy added jobs at a solid pace last month after an unanticipated decline in February.
United Airlines checked bag fees climbs $10-50 as fuel prices nearly double since Iran war
United Airlines raises checked bag fees by $10 starting Friday, its first hike in two years, following JetBlue's similar move amid rising fuel costs.
NY Fed President John Williams warns Iran-driven oil spike could ripple through economy
Fed President John Williams warns that rising energy prices from the Iran War could spread across multiple sectors of the economy, affecting inflation.
Mortgage rates rise for fifth straight week as Iran war continues to roil markets
The average rate on a 30-year fixed mortgage rose this week to 6.46%, according to the latest Freddie Mac data released Thursday. That is up from last week's reading of 6.38%.
State-by-state view of gas prices as Iran war pushes oil markets higher
Gas prices are surging nationwide as the conflict with Iran drives up oil costs, pushing the national average above $4 and squeezing household budgets.
GM to boost pickup truck production in Michigan amid strong demand
GM plans to run its Flint Assembly plant six days a week starting in June, mandating overtime for 4,200 workers to boost heavy-duty Silverado and Sierra output.
Private sector added 62,000 jobs in March, above expectations, ADP says
The figure reported on Wednesday is above economists’ estimates of an increase of 40,000 jobs. The prior month's reading was revised higher to a gain of 66,000 jobs.