Americans lean on credit cards and buy now, pay later as gas prices eat bigger share of income
Rising gas prices push lower-income consumers to rely more on credit as fuel costs climb to their highest share of household income since March 2022
US economy added 115,000 jobs in April, beating expectations
The U.S. economy added jobs at a modest pace last month according to the Labor Department's April 2026 jobs report that was released on Friday.
Gas price surge hitting low-income households hardest, Fed study finds
Rising gas prices amid the Iran war are hitting low-income households hardest, creating a K-shaped consumption pattern, a New York Fed report finds.
Southern cities dominate rankings of best job markets for new college graduates
Recent college graduates are finding the best career opportunities in Southern cities like Birmingham and Tampa, according to a new ADP study.
Hassett forecasts 4% growth, says AI boom and tax incentives driving US investment surge
The White House predicts 4% economic growth as companies race to build factories fueled by AI investment and bonus depreciation tax policies.
Private sector added 109,000 jobs in April, above expectations, ADP says
The figure reported on Wednesday is above economists’ estimates of an increase of 99,000 jobs. The prior month's reading was revised lower to a gain of 62,000 jobs.
Gas prices surge past $4.50 nationally as Iran tensions pressure drivers
The AAA national average price for regular gas has surged to $4.536 amid ongoing tensions between the U.S. and the Islamic Republic of Iran.
Chevron CEO says economies 'are going to have to slow' as Strait of Hormuz closure disrupts oil supply
Chevron CEO Mike Wirth warns global oil shortages are coming as the Strait of Hormuz closure disrupts supply chains, with gas prices up over 41%.
Rising gas prices are crushing restaurant sales as $4 a gallon becomes tipping point for consumers
U.S. restaurant chains report weaker than expected sales growth as high gas prices squeeze consumer budgets and force a shift toward value menu offerings.
National average gas price reaches $4.45 before summer driving season
Gas prices hit a record $4.45 national average entering the summer driving season, up $1.28 from last year as fuel costs pressure household budgets.
AAA national average gas price soars about 33 cents in a week
The AAA national average price for regular gas jumped more than nine cents higher in just a single day, rising from $4.30 as of Thursday to $4.392 as of Friday.
‘I just pray to God’: Los Angeles drivers hit with $100 fill-ups as gas nears $9
Gas prices nearing $9 a gallon in Los Angeles are forcing the city's drivers onto public transit, draining budgets while California fuel costs hit record levels.
Mortgage rates tick higher as geopolitical tensions mount
The average rate on a 30-year fixed mortgage rose this week to 6.3%, according to the latest Freddie Mac data released Thursday. That is up from last week's reading of 6.23%.
US national debt surpasses size of the economy for first time since World War II
The U.S. national debt held by the public has surpassed the size of the economy for the first time since World War II, reaching over 100% of GDP in March.
US economic growth bounces back, as AI buildout and consumer spending fuel first quarter
First quarter GDP grew at 2%, slightly below the expected 2.3%, as equipment investment in AI and computers along with consumer spending led growth.
Trump signs order aiming to help expand access to retirement accounts
President Donald Trump signed an executive order seeking to help expand retirement account access to people who do not have employer-supplied plans.
Fed's favored inflation gauge remained elevated in March
The latest PCE inflation data was released by the Commerce Department which showed that inflation rose and remained elevated in March due in part to the Iran war's impact.
US shrimpers face ‘double whammy’ from soaring fuel costs, tariff refunds
Rising fuel costs and tariff refund policies are pressuring U.S. shrimpers, with some delaying trips as profitability declines.
Gas prices soar to highest point so far during unsettled conflict with Iran
The AAA national average price for regular gas has risen to a whopping $4.229, the highest point so far amid the still unresolved war between the U.S. and Iran.
Your summer BBQ is about to cost more – here’s the surprising reason why
Propane prices are rising ahead of barbecue season due to Middle East-driven energy costs, with ripple effects hitting food prices, including beef and grilling staples.