Money & The Economy

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…

3 weeks ago

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…

3 weeks ago

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…

3 weeks ago

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…

3 weeks ago

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…

3 weeks ago

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…

3 weeks ago

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…

3 weeks ago

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…

3 weeks ago

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…

3 weeks ago

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…

4 weeks ago