Topic
US economy
60 stories related to this topic, newest first.
ndtv.comfinance8 days ago
Gold Holds Near Record Highs After Weak U.S. Jobs Data
Gold prices remained close to all-time highs after U.S. employment figures came in below forecasts and oil prices declined. Market participants linked the moves to lower odds of near-term Federal Reserve interest-rate increases.
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americanbanker.comworld11 days ago
30-Year Mortgage Rate Falls to 6.43 Percent, Lowest Since Mid-May
Freddie Mac data released July 2 showed the average 30-year fixed mortgage rate declined to 6.43 percent from 6.49 percent the prior week. The 15-year fixed rate also fell to 5.79 percent.
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investopedia.comfinance12 days ago
U.S. Crude Oil and Petroleum Output Reached Record in April
Total U.S. production of crude oil and petroleum products rose 254,000 barrels per day in April to 21.84 million barrels per day. Crude oil production alone increased 216,000 barrels per day to a record 13.93 million barrels per day.
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themarketherald.com.aufinance13 days ago
U.S. Crude Oil Production Reached Record 13.934 Million Barrels Per Day in April
Monthly data from the U.S. Energy Information Administration showed output rose 216,000 barrels per day above March. The increase followed a temporary price spike tied to the Iran conflict and Hormuz closure.
The Guardianpolitics13 days ago
Treasury secretary urges oil and gas companies to cut prices
The treasury secretary called on retailers to lower gasoline prices during a Fox News interview. The statement followed a social media post from the president that cited current oil prices near $68 a barrel.
axios.comworld14 days ago
U.S. Average Gas Price Falls to $3.86 per Gallon
Nationwide gasoline prices declined to an average of $3.86 per gallon as of Monday. The drop follows reduced flows through the Strait of Hormuz after recent hostilities between the U.S. and Iran.
cnbc.comfinance15 days ago
U.S. consumer credit rose $25 billion in March to record $5.14 trillion
Total consumer credit increased by $25 billion in March, reaching a new high of $5.14 trillion. Revolving credit rose $10 billion and non-revolving credit rose $15 billion.
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thestreet.combusiness16 days ago
Atlanta Fed Resumes Search for New President After Pause for Fed Chairman Transition
The Federal Reserve Bank of Atlanta restarted its hunt for a successor to Raphael Bostic. The process had paused ahead of Kevin Warsh taking office in late May. The new president will vote on interest rates beginning in 2027.
finance.yahoo.comfinance17 days ago
Major U.S. stock indexes close mixed after late-session losses
The Dow Jones Industrial Average fell 48 points while the S&P 500 rose slightly and the Nasdaq Composite declined modestly in the final hour of trading.
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The Independentpolitics19 days ago
U.S. Gasoline Prices Fall 49 Cents a Gallon in Past Month
Average U.S. gasoline prices dropped 49 cents per gallon over the past month after an interim agreement between the U.S. and Iran. The decline has not matched the 27 percent drop in crude oil prices during the same period.
techjuice.pkfinance19 days ago
Conflict With Iran Adds $100 Billion Cost to U.S. Households
Moody’s estimates the conflict has cost American households about $100 billion through higher government spending and energy prices. The total includes added military outlays and increased fuel and transportation expenses.
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finance19 days ago
U.S. Mortgage Applications Rise 1.0% in Latest Week
Applications for home loans increased 1.0 percent for the week ending June 19. The average 30-year mortgage rate edged down to 6.59 percent from 6.60 percent the prior week.
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Nbc Newsbusiness23 days ago
U.S. Gas Prices Up 34% Since February Strikes on Iran as Peace Deal Talks Advance
Americans have spent an extra $33 billion on gasoline since the war began. National averages reached $4.63 per gallon in mid-May.
realitytea.comworld25 days ago
U.S. Average Gas Price Falls Below $4 After Deal Reopens Strait of Hormuz
The national average for regular gasoline reached $3.99 on June 18, 2026, the lowest level since March 30. The decline followed an agreement between the U.S. and Iran to reopen the Strait of Hormuz.
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Los Angeles Timesbusiness25 days ago
U.S. and Iran sign memorandum; oil prices fall, gas averages $3.999
National average for regular gasoline dropped to $3.999 on Thursday, the first time since March. The decline followed President Trump signing an agreement with Iran that eases sanctions and allows Iranian oil exports.
Benzingafinance26 days ago
Study Finds Upper Middle Class Now Largest U.S. Income Group
New research shows households earning up to $461,592 for a family of four remain in the upper middle class. The analysis indicates the middle class has shifted upward rather than shrinking.
marketwatch.compolitics27 days ago
U.S. Small Business Optimism Index Falls to Lowest Level Since October 2024
The National Federation of Independent Business optimism index declined 0.6 points in May to 95.3. The reading erased nearly all gains recorded after the November 2024 election.
Washington Examinerpolitics28 days ago
U.S. Oil Reserve Falls After Releases to Offset Iran Supply Disruption
Federal data show 340.3 million barrels remain after an 8.9-million-barrel withdrawal last week. The Trump administration has pledged to release 172 million barrels total.
thestreet.comfinance28 days ago
Zillow: 242 U.S. Cities Have Starter Homes at $1 Million or More, Up From 226 Last Year
The number of U.S. cities where entry-level homes cost at least $1 million rose to 242 this year from 226 last year, according to Zillow data.
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insidermonkey.comfinance28 days agoUpdated
U.S. Average Gasoline Price Falls to $3.99 per Gallon After Trump Announces Iran Agreement
The U.S. average price of regular gasoline dropped below $4 for the first time in months, reaching $3.99 per gallon after declining 9.3 cents last week and 52.4 cents over the past month.
Fox Newspolitics31 days ago
Treasury Secretary Bessent Highlights Texas Energy Output and Corporate Moves from California at Houston Event
Treasury Secretary Scott Bessent spoke at the Petroleum Club of Houston on Friday, comparing governance and energy policies in Texas and California while citing corporate relocations and migration data.
cnbc.comfinance33 days ago
U.S. Treasury Yields Hold Steady Near Multi-Year Highs as Core Inflation Expected to Accelerate
Yields on benchmark Treasury notes remained unchanged Wednesday morning as investors awaited the Bureau of Labor Statistics' core inflation reading and Thursday's producer price data.
world39 days ago
U.S. Home Sellers Withdraw Listings at Near-Record Pace
Sellers pulled homes off the market at the fastest pace since 2014 while buyer traffic fell sharply. Inventory constraints and elevated prices limited transactions in recent weeks.
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Newsweekfinance39 days ago
U.S. Home Delistings Tie 2025 High as Buyers Gain Leverage in Cooling Market
Redfin data show 5.8 percent of listings were withdrawn in April, matching December 2025 and the highest rate since early 2020. Atlanta led with 10.7 percent of homes pulled from the market.
foxbusiness.comfinance39 days ago
U.S. Home Sellers Delisted 5.8% of Listings in April
Redfin data showed 5.8% of U.S. home listings were removed in April, matching the highest rate since March 2020. Delistings rose 3.8% from the prior month on a seasonally adjusted basis.
finance.yahoo.combusiness41 days ago
US Job Openings Hit Two-Year High but Labor Market Remains in Low-Hire, Low-Fire Stasis
US job openings hit their highest mark in nearly two years while six states hold elections and a record-setting flight attendant retires after 66 years.
marketwatch.comfinance42 days ago
U.S. Consumer Loan Delinquency Rate Rises to 8% in Q1 2026
The share of U.S. consumer loans at least 30 days past due rose to 4.8 percent in the first quarter of 2026, the highest level since 2017.
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Benzingafinance42 days ago
Private Credit Funds Have Extended $560 Billion in Loans to U.S. Companies Since 2023, MFA Report Finds
The Managed Funds Association reported that private credit origination reached $238.7 billion in 2025, up from $157.6 billion in 2024. The group linked the financing to more than 6.5 million jobs.
forbes.compolitics42 days ago
U.S. Treasury 10-Year Yield Reaches 4.44 Percent
Interest rates on U.S. government debt have risen since the end of February. Mortgage rates reached nine-month highs and auto sales declined. Economists link the moves to higher inflation expectations and continued large budget deficits.
news.google.comfinance44 days ago
U.S. Personal Savings Rate Declines to 2.6% in April as Consumer Spending Continues to Outpace Income
The U.S. personal savings rate dropped 0.6 percentage points in April to 2.6%. Consumer spending rose 5.7% year-over-year while personal income grew 2.5%.
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ibtimes.co.ukfinance47 days ago
U.S. Stocks Close at Record Highs for Third Straight Session
Major U.S. equity indexes posted record closes on three consecutive trading days for the first time in 2026. The streak marks the first such occurrence this year.
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Los Angeles Timesfinance52 days agoUpdated
Kevin Warsh Sworn In as Federal Reserve Chair at White House Ceremony
President Trump hosted the swearing-in of Kevin Warsh as the new Federal Reserve chair on Friday. Warsh pledged to lead a reform-oriented central bank focused on price stability and maximum employment.
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thesouthafrican.compolitics52 days ago
President Trump Meets Fortune Editor for Oval Office Discussion
President Trump spoke with Fortune Editor-in-Chief for one hour in the Oval Office. The conversation covered tariffs, AI, Intel, Boeing, and Iran. The president also described plans for the Lincoln Memorial Reflecting Pool.
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marketwatch.comfinance53 days ago
30-Year Treasury Yields Rise to Highest Levels Since 2008
Yields on 30-year U.S. Treasury bonds have climbed to levels last seen during the 2008 financial crisis. Economist Chris Martenson stated that global oil supply has declined by 13 million barrels per day.
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rte.iefinance53 days ago
U.S. Retail Sales Remain Resilient Despite Higher Inflation and Gas Prices
Consumer spending continues to support the U.S. economy even as inflation reached 3.8 percent in April and households face higher fuel costs. Retailers including Walmart reported strong sales growth while polls show many Americans feel financial stress.
usethebitcoin.comfinance56 days ago
Trump to Swear In Kevin Warsh as Federal Reserve Chair at White House
President Trump will swear in Kevin Warsh as the next Federal Reserve chair during a White House ceremony on Friday. The move ends a confirmation process that began in summer 2025 and concludes with Warsh succeeding Jerome Powell.
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citizen.co.zapolitics56 days ago
U.S. president approval rating reaches 37 percent in latest poll
A national poll shows the sitting U.S. president's approval rating at 37 percent. The survey was released on Monday amid ongoing conflict and economic pressures.
thehindu.compolitics57 days ago
U.S. Trade Representative Discusses China Trade Boards and Tariff Options
U.S. Trade Representative Jamieson Greer said the United States and China agreed to create a Board of Trade and a Board of Investment. Greer also addressed gas prices, tariff flexibility, and upcoming trade investigations.
america.cgtn.comworld57 days ago
Poll shows U.S. economic views at lowest levels since 2023
A CBS News/YouGov survey of 2,064 adults conducted May 13-15 found three-quarters of Americans say incomes are not keeping up with inflation. Most describe the economy as uncertain and expect a recession or slowdown.
Financial Timesfinance59 days ago
The Federal Reserve Names Jerome Powell Chair Pro Tempore Until Kevin Warsh Is Sworn In
The Federal Reserve named Jerome Powell as chair pro tempore after he stepped down following eight years leading the central bank. Kevin Warsh, confirmed by the Senate this week for a four-year term, is expected to be sworn in as early as next week. Some Trump administration nomi…
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Benzingafinance59 days ago
Dow Jones Falls 500 Points as NY Manufacturing Index Rises in May
U.S. stocks declined in morning trading on Friday with the Dow Jones falling about 500 points. The New York manufacturing index rose to 19.6 in May from 11 the prior month, exceeding forecasts of 7.5. Energy shares rose while information technology shares declined.
upi.comfinance59 days ago
Jerome Powell Steps Down as Fed Chair After Eight Years
Federal Reserve Chair Jerome Powell's term ends on May 16, 2026, after facing a global pandemic, high inflation and a federal criminal investigation. President Donald Trump's nominee Kevin Warsh is set to assume the role. Powell will remain on the Fed's board of governors until a…
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upi.comfinance60 days ago
Jerome Powell Ends Term as Federal Reserve Chair on May 15
Jerome Powell's four-year term as chair of the Federal Reserve ends on May 15. He will be succeeded by Kevin Warsh, a Trump appointee who previously served on the Fed board from 2006 to 2011. Powell, first appointed chair by President Trump in 2018, will remain on the board as a…
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upi.comfinance60 days ago
US 30-Year Fixed Mortgage Rate Averages 6.36 Percent
The average rate on the 30-year fixed mortgage declined to 6.36 percent in the week ended May 14 from 6.37 percent the prior week. Freddie Mac reported the figure on Thursday. Mortgage rates have fluctuated in a narrow range in recent weeks after earlier volatility tied to econom…
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MarketWatchfinance60 days ago
U.S. Retail Sales Rise for Third Straight Month in April
Retail sales increased in April, extending a streak of three consecutive monthly gains. Higher gasoline prices contributed significantly to the rise in overall sales figures. MarketWatch reported that the gains were partly driven by inflation effects rather than increased volume…
finance.yahoo.compolitics60 days ago
Wall Street Opens Higher as Technology Stocks Advance
Major U.S. stock indexes opened higher on Thursday with technology shares leading gains. The Dow Jones Industrial Average rose above the 50,000 level during trading. The advance occurred as investors monitored developments around a planned summit between U.S. and Chinese official…
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Benzingafinance60 days ago
US Stocks Rise as Dow Gains Over 250 Points on Retail Sales Data
U.S. stocks opened higher Thursday with the Dow Jones Industrial Average rising more than 250 points. Retail sales increased 0.5% in April while information technology shares led sector gains. Several small-cap stocks posted triple-digit percentage gains following company-specifi…
upi.comfinance60 days ago
U.S. Stock Indexes Rise at Market Open
The S&P 500 rose 20.43 points, or 0.27 percent, to 7,464.68 shortly after the opening bell. The Dow Jones Industrial Average gained 373.47 points, or 0.75 percent, to 50,066.67. The Nasdaq Composite advanced 40.44 points, or 0.15 percent, to 26,442.79.
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rte.iefinance61 days ago
U.S. Treasury Auctions $25bn in Bonds Same Day as May Producer Price Data
The producer price index recorded its largest increase since Russia's invasion of Ukraine, data released on May 14, 2026 showed. The figures emerged hours before the U.S. Treasury conducted a $25 billion auction the same day. Financial Times reported the sequence of events.
foxbusiness.comfinance61 days ago
Kevin Warsh Confirmed as Federal Reserve Chair; Stephen Miran Resigns
The Senate confirmed Kevin Warsh as the next chair of the Federal Reserve on a 54-45 party-line vote. Federal Reserve Governor Stephen Miran announced he will resign once Warsh is sworn in or shortly before. Warsh takes over as inflation rises due to higher oil prices following t…
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Financial Timesfinance61 days ago
Senate Confirms Kevin Warsh as Federal Reserve Chair in 54-45 Vote
The Senate voted 54-45 on Wednesday to confirm Kevin Warsh as the next Federal Reserve chair, replacing Jerome Powell whose term ends Friday. Only one Democrat, Sen. John Fetterman of Pennsylvania, crossed party lines. Warsh, a former Fed governor and close ally of Ben Bernanke d…
theepochtimes.comfinance61 days ago
U.S. Producer Prices Rose 1.4% in April
U.S. producer prices increased 1.4% in April on a monthly basis, well above the 0.5% expected by economists. The annual rate accelerated to 6.0%, while core PPI also exceeded forecasts. The data comes amid broader concerns about inflation trends.
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rt.comworld61 days ago
Pentagon Estimates War With Iran Has Cost $29 Billion
The Pentagon has estimated that the war with Iran has cost $29 billion to date. The assessment comes as inflation and gas prices are increasing in the United States. The estimate was included in a segment of the news program What You Need to Know.
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Nbc Newsworld61 days agoUpdated
Saudi Arabia Conducts Airstrikes on Iran
Saudi Arabian Air Force carried out tit-for-tat strikes on Iran in response to Iranian attacks on Saudi oil, civilian and military sites in late March, Reuters reported citing Iranian and Western officials. The strikes occurred during the war and follow similar retaliatory action…
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naturalnews.compolitics62 days ago
Pentagon Says Iran War Costs Have Risen To $29 Billion
The Defense Department told Congress the conflict with Iran has cost $29 billion so far, an increase of $4 billion from the previous estimate two weeks earlier. Officials attributed the rise to updated equipment repair, replacement and operational expenses.
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The Independentfinance62 days ago
Trump Begins State Visit to China as Oil Prices Remain Elevated Following Iran Conflict
President Donald Trump left the White House for a state visit in Beijing on May 12 2026, hours after fresh inflation data showed consumer prices rising 3.8 percent year-over-year, driven by gasoline costs that have climbed more than 28 percent since the U.S.-Israel strikes on Ira…
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kff.orgfinance62 days ago
U.S. Posts $215 Billion Federal Budget Deficit in Latest Monthly Report
The U.S. federal budget recorded a $215.0 billion balance, coming in slightly better than the $220 billion forecast but reversing from the prior month's deficit. The improvement reflects a shift from the previous balance of -$164.0 billion.
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reason.compolitics62 days ago
U.S. Inflation Rises to 3.8 Percent in April, Highest in Three Years
Consumer prices increased 0.6 percent in April and are up 3.8 percent over the past year, the Bureau of Labor Statistics reported. Energy prices drove much of the rise after the closure of the Strait of Hormuz in March due to the war between the United States and Iran. Average wa…
swissinfo.chfinance62 days ago
U.S. Inflation Rose in April Above Economists' Forecasts
A new report released Tuesday showed inflation increased in April, exceeding expectations. CNN News Central's Sara Sidner and Senior Reporter Matt Egan reviewed the data and its effects on consumers. The figures come as President Trump serves his second term in office.
marketpulse.comfinance62 days ago
US CPI Inflation Rises to 3.8 Percent in April 2026
The U.S. Consumer Price Index increased 3.8 percent in the 12 months through April 2026, up from 3.3 percent in March. The data show inflation accelerated in the first four months of 2026 after holding near 2.4 percent earlier in the year. The figures come from the latest monthly…
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