Buyers fret as the average cost of a new car nears $50K
DETROIT — After a few years of sharing a 2019 Chevrolet Trax, Dana Eble and Tyler Marcus are…
Commerce Department downgrades US Q4 GDP growth to 0.5%
WASHINGTON (AP) — The American economy, slowed by last fall’s 43-day government shutdown, grew at a sluggish 0.5%…
Inflation could jump by the most in nearly 4 years in the wake of the Iran war
WASHINGTON (AP) — Soaring gas prices are expected to produce a spike in inflation when the government reports…
US filings for jobless aid jump to 219,000 last week but remain within stable range
WASHINGTON — U.S. applications for unemployment benefits rose last week before Iran, Israel and the U.S. announced a…
US stocks swing and oil prices trim their jumps amid uncertainty about the US-Iran ceasefire
NEW YORK (AP) — Financial markets are moving cautiously Thursday, a day after surging on optimism about a…
Iran’s Hormuz toll proposal violates global trade norms
FRANKFURT, Germany (AP) — To end the war with the United States and Israel, Iran is demanding the…
US economy faces threat of inflation if Iran war lingers, JPMorgan’s Dimon writes in annual letter
NEW YORK (AP) — JPMorgan Chase CEO Jamie Dimon warned in his annual shareholder letter that a “resilient”…
The Fed’s next move may not be a cut as inflation and gas prices squeeze consumers
WASHINGTON (AP) — A top Federal Reserve official said Monday that an interest rate hike could be appropriate…
Housing market trends favor home shoppers, but Iran war clouds the outlook for mortgage rates
LOS ANGELES (AP) — The economic fallout from the war with Iran is driving up the cost of…
Pakistan faces record fuel price hike as crude oil prices surge
ISLAMABAD (AP) — Pakistanis faced record fuel price increases Friday, as petrol and diesel prices rose by up…
United raises baggage fees as jet fuel costs climb and introduces tiered premium fares
Most travelers flying with United Airlines will pay $10 more to check their luggage beginning on Friday, as…
A surprise jobs rebound: US employers add 178,000 as unemployment dips to 4.3%
WASHINGTON (AP) — American employers added a surprisingly strong 178,000 new jobs last month, rebounding from a dismal…