Soaring inflation and plummeting economy test Iran in wartime
TEHRAN, Iran (AP) — Iran’s grip on the Strait of Hormuz is throttling the world’s energy supplies and…
A weak dollar can help but also harm
NEW YORK (AP) — A hidden force is quietly pushing up costs for everything from your summer vacation…
America In Focus: Inflation jumps and gas soars but American consumers seemed to take it in stride
In the past week, many Americans remained laser focused on the economy, inflation and how those forces could…
Thousands of executives aren’t seeing AI productivity boom, reminding economists of IT-era paradox
In 1987, economist and Nobel laureate Robert Solow made a stark observation about the stalling evolution of the…
1970s lessons have made global economies less vulnerable to oil shocks
WASHINGTON (AP) — The world economy is experiencing a disorienting flashback to the 1970s. Oil prices are once…
For some Americans, rising costs put a new car out of reach
DETROIT (AP) — After a few years of sharing a 2019 Chevrolet Trax, Dana Eble and Tyler Marcus…
Wall Street drops again to close its 5th straight losing week and its worst since the Iran war
NEW YORK (AP) — U.S. stocks deepened their drops Friday as Wall Street finished off a fifth straight…
Average US long-term mortgage rate leaps to 6.38%, the highest level in more than 6 months
The average long-term U.S. mortgage rate climbed this week to its highest level in more than six months,…
Average US long-term mortgage rate rises to 6.11%, back to where it was 5 weeks ago
The average long-term U.S. mortgage rate rose again this week, reflecting ongoing bond market jitters over the war…
Trump’s ‘roaring’ economy meets a rough start to the year
WASHINGTON (AP) — President Donald Trump promised that 2026 would be a bumper year for economic growth, but…
Should you raid retirement savings for a home down payment?
LOS ANGELES (AP) — Raiding retirement savings for a down payment on a home can be tempting, especially…
Trump expects his Fed pick and AI to deliver a replay of the ’90s boom. Economists have doubts
WASHINGTON (AP) — President Donald Trump, his Treasury secretary and his choice to lead the Federal Reserve believe…