U.S. Economy

Anheuser-Busch CEO Brendan Whitworth is breaking his silence after Bud Light has faced significant backlash for a marketing campaign involving transgender activist Dylan Mulvaney.

Gas prices increased by nine cents to $3.64 per gallon as oil prices rise. And although gas prices have dropped year-over-year, Americans have been facing high inflation in 2023.

UBS predicted that there will be an acceleration of store closures. Over the next five years, analysts project more than 50,000 stores will close.

Inflation has been unleashed by the Biden administration in the last two years. Now, Congress is considering a solution that could help ease that and put money in American's pockets.

In a memo obtained by The New York Tines, the NBA instructed its league staff to limit hiring and reduce expenses for the remainder of the fiscal year.

Inflation likely remained stubbornly high in March as price pressures continue to squeeze household budgets despite Federal Reserve interest rate hikes.

Just four in 10 Americans report that they would at least be somewhat likely to buy an electric vehicle the next time they want to purchase a car, per a new poll.

The Biden administration "did nothing" to refill the U.S. Strategic Petroleum Reserve when oil prices were low, Canary CEO Dan Eberhart warns about energy insecurity.

Given the current economic conditions including elevated mortgage rates, high home prices and persisting inflation, buyers are shying away from buying vacation homes.

After OPEC announced it intends to decrease production starting in May, gas prices increased, according to AAA’s latest gas prices report.

Virgin Atlantic says it is seeing strong demand for its premium seating as the airline industry is experiencing a spike in travel since the end of the COVID-19 pandemic.

The potential sales come as lawmakers and regulators across the U.S. debate the future of natural gas for home heating and cooking as more towns and cities look to phase it out.

Oil prices eased in early Thursday trading after Asian markets opened as weak U.S. labor market data indicated economic demand may slow and impact demand.

The global online bookstore owned by Amazon is shutting down at the end of April after running for almost two decades. The move comes as Amazon continues to rein in costs.

Market analysts said the oil production cut announcement Monday from a powerful oil-rich Saudi-led coalition will drive U.S. gasoline prices higher ahead of peak driving season.

The secondhand clothing market is surging, and both older and younger generations have jumped on the trend. ThredUP CEO James Reinhart says its best years are just ahead.

GasBuddy head of petroleum analysis Patrick De Haan says OPEC's surprise production cut served as a "wild card" to gas prices, warning the Midwest and Florida will see spikes first.

JPMorgan Chase CEO Jamie Dimon wrote about the collapse of Silicon Valley Bank and ongoing turmoil within the financial sector in a letter to shareholders.

Treasury Secretary Janet Yellen said that the decision by OPEC+ to reduce oil production isn't a positive move for global growth amid persistent inflation.

Gas prices may surge as we head into the summer driving season due to the latest productions cut from OPEC+, according to experts.