Money & The Economy
News on Finance, Money, markets and the economy
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‘Quicker To Get A College Degree’ Than A Permit: Energy Leaders Say Delays Are Holding Back American Power
WASHINGTON — Energy policy leaders urged Congress on Thursday to pass a bipartisan permitting deal before the fast approaching midterm…
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Gas Industry Says Heating Costs Will Fall 14% This Winter
Households that heat with natural gas will spend about 14% less this winter, the industry’s main trade group projected Thursday.…
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Here’s What Fed Rate Hike Means For Your Wallet
The Federal Reserve’s Wednesday interest-rate hike could make carrying credit-card balances and taking out some new loans more expensive, while…
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Major Saudi Diesel Refinery Reportedly Hit As US Diesel Sits At Record
Oil loadings seemed to have stopped at Saudi Arabia’s main Red Sea port Tuesday as a major refinery there reportedly…
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Mortgage Rates Rocket Above 7% Just Months After Falling Below 6%
American homebuyers are facing sharply higher borrowing costs after a widely watched mortgage rate measure surged above 7% Tuesday, reversing…
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China Charges Back Into The Oil Market As Hormuz Chaos Sends Crude Toward $110
China is returning to the global oil market after months of leaning heavily on its own crude stockpiles, adding another…
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Heating Oil Bills Could Jump 31% This Winter As Iran War Drives Up Prices
Households that heat with oil are projected to spend nearly $2,300 this winter as crude prices remain above $100 a…
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Retail Giant Raises Motor Oil Price, Caps Customer Purchases As Iran War Drags On
Costco is rationing motor oil and nearly doubling the price of its Kirkland Signature product as turmoil in global oil…
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Stocks Take Dip As Industry Leaders Sound Alarm Over AI Moving Too Fast
Tech stocks fell Monday after some of the most prominent executives behind the artificial intelligence (AI) boom warned that the…
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Homebuyers, Consumers About To Pay Even More As Key Indicator Reaches Grim Milestone
A key benchmark for borrowing costs across the U.S. economy crossed 5% Monday, reaching a level the instrument has not…
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Saudi Arabia’s Oil Lifeline Just Went Down. The World May Be Running Out Of Time
Saudi Arabia could run out of oil available for export within days after an attack shut down a critical pipeline…
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If That Grocery Store Receipt Was Already Making Your Eyes Water … Just Wait
As Americans recoil from price tags at their local supermarket, a meteoric rise in diesel prices threatens to make their…
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State Treasurer Sounds Alarm About Americans’ Retirement Money ‘Lost In The Either’
More than $1 billion in retirement checks owed to Americans are sitting unclaimed as state financial officials push President Donald…
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Recycling Rare Earths: A Drop In The Bucket, Or Total Game Changer In Race Against China?
Two rare earth companies plan to pour $100 million into what they say will be the first magnet recycling plant…
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Price Tag For Oil Tanker Shipments Soars To Record High As War Grips Middle East
The cost of moving oil around the world is exploding as the Iran war forces tankers onto longer routes and…
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