Retail
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.
Tesla recalls more than 218K vehicles over rearview image issue that poses crash risk
Tesla is recalling more than 218,000 vehicles due to delayed rearview camera images that could increase the risk of a crash, according to the NHTSA.
National Debt Tracker: American taxpayers (you) are now on the hook for $38,910,619,550,278.10 as of 5/6/26
The United States' national debt is on track to double over the next three decades amid a rush of spending by the White House and Congress.
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%.
Officials warn of banking spoof callers draining customers' accounts
Banking spoof calls are tricking customers into emptying accounts as victims report losing thousands to scammers posing as bank fraud departments.
Foreclosures hit highest level in 6 years as insurance, property tax costs squeeze homeowners
Foreclosure filings hit nearly 119,000 in the first quarter of 2025, a 26% increase from last year, as homeowners face rising insurance and property tax burdens.
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.
