Chicago — Oil markets experienced sharp spikes as prices surpassed $100 per barrel amid an escalation of conflict involving Iran that disrupted regional production and shipping. Traders pushed Brent to about $108 on Sunday and to roughly $114 on Monday, while U.S. West Texas Intermediate climbed from about $91 Friday...
Washington — President Donald Trump promised a booming 2026 but the year opened with job losses, higher gasoline prices and market volatility, according to recent reports. The administration touted January's 130,000 payroll gain and a State of the Union claim that the economy was "roaring," while more recent data since...
United States. Oil price spikes after recent U.S.-Iran-related strikes and disruptions at the Strait of Hormuz pushed global crude above $100 a barrel, prompting rapid pump-price increases this week. GasBuddy and AAA data show national averages rose roughly 51 cents in seven days to about $3.45 per gallon, with larger...
Washington — U.S. employers reversed expected gains and cut 92,000 jobs in February, and the unemployment rate rose to 4.4 percent, the Labor Department reported Friday. Revisions trimmed December and January payrolls by 69,000 after earlier forecasts had predicted about 60,000 new positions. Private payroll processor ADP counted roughly 63,000...
Washington — A federal judge moved this week to begin implementing refunds after the Supreme Court's Feb. 20 ruling invalidated tariffs imposed under the 1977 International Emergency Economic Powers Act. Judge Richard Eaton said importers of record are entitled to benefit and will oversee refund cases; he scheduled a closed...
United States. Gas prices rose nationwide this week after U.S.-Israeli strikes on Iran, industry forecasters reported. GasBuddy, AAA and local analysts said crude oil futures jumped, prompting average pump increases ranging from few cents to over $0.20 per gallon across states. Retailers and petroleum analysts cited elevated geopolitical risk premiums...
United States — Oil market responses to recent Middle East strikes pushed crude and gasoline prices higher this week. GasBuddy and AAA reported the national average gasoline price rose to about $2.94–$2.99 per gallon on Monday, with local averages ranging from $2.58 in Arkansas to $2.95 in Peoria and $2.92...
United States — Gas prices moved modestly this week as national averages rose while local markets varied. GasBuddy and AAA reports show the U.S. average climbed to about $2.88–$2.95 per gallon, driven by higher crude oil and geopolitical risk related to U.S.-Iran tensions. Local changes included declines in Peoria and...
WASHINGTON The U.S. economy expanded at a 1.4 percent annual rate in the fourth quarter, the Commerce Department reported Friday, missing the 2.5 percent projection and following a 4.4 percent third-quarter gain. Full-year 2025 GDP rose 2.2 percent. Officials attributed the slowdown to declines in federal spending, weaker exports and...
Washington. The Commerce Department on Friday reported a key inflation gauge accelerated in December, with monthly prices rising 0.4% after a 0.2% increase in November and annual inflation at 2.9%, up from 2.8%. Core prices, excluding food and energy, also rose 0.4% monthly and 3.0% annually. The release, delayed by...
