Airlines cut routes in response to rising jet fuel costs amid Iran war

Airlines are cutting routes this summer as they face rising jet fuel costs amid the Iran war.  Air Canada, Delta, and other airlines said Friday that certain routes will be impacted.  “The spike in oil prices is big news in general and the impact on jet fuel prices is pronounced,” Stephen Rooney, lead economist at Tourism … Read more

The Iran war collides with Mamdani’s message on high costs: From the Politics Desk

Welcome to From the Politics Desk, a daily newsletter that brings you the NBC News Politics team’s latest reporting and analysis from the White House, Capitol Hill and the campaign trail. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. In today’s edition, Kristen Welker previews her interview with … Read more

Here’s how much a $100,000 home equity loan costs monthly now that rates are lower

Home equity loan borrowers should closely calculate their potential monthly payments before applying. Thana Prasongsin/Getty Images News in March that homeowners have over $10 trillion in tappable equity to borrow from may not have been surprising (a report last year showed home equity levels in the country reaching a record high), but it’s not something … Read more

As energy costs rise, some states back off ambitious climate goals

ALBANY, N.Y. — Seven years ago, New York lawmakers set ambitious goals for slashing greenhouse gas emissions with clarion calls about saving the future. Now, with slow progress made and political realities shifting, Gov. Kathy Hochul is seeking a delay, saying she wants to save consumers money. Times have “ radically changed,” Hochul said, since … Read more

IMF warns about risk of global recession as Iran war impacts energy costs

IMF warns about risk of global recession as Iran war impacts energy costs – CBS News Watch CBS News The International Monetary Fund is warning about the risks of a global recession in its World Economic Outlook report as the U.S.-Israeli war with Iran impacts oil prices. CBS News business contributor Javier David has more. … Read more

Navy scraps Biden-era submarine contract as overhaul costs surge toward $3B

NEWYou can now listen to Fox News articles! The Navy is canceling a long-delayed overhaul of the USS Boise after costs ballooned toward nearly $3 billion, with War Secretary John Phelan saying the submarine no longer made financial or strategic sense to repair. In an exclusive interview with Fox News Digital, Phelan said the Los … Read more

CPI report shows inflation surged in March as Iran war drove up energy costs

A global energy shock triggered by the Iran war sent U.S. inflation soaring in March, with the Consumer Price Index rising at a 3.3% annual rate. By the numbers Economists had predicted inflation would jump nearly an entire percentage point from 2.4% in February to 3.3% in March on an annual basis, according to the average … Read more

Trump promised to cut electric costs in half. Bills in energy-rich West Virginia now top mortgages

RAINELLE, W.Va. — Every month, Rebecca Michalski takes a deep breath before opening her electric bill. She lives on a fixed income, and heating her small house this winter has been staggering: Her February charge was $940.08 — more than her check. It makes no sense. She turns the lights off during the day and … Read more

Southwest Airlines, once known for its free bags perk, hikes fees amid higher jet fuel costs

Southwest Airlines is raising checked baggage fees by $10, less than a year after ending its “bags fly free” perk that long set it apart, as jet fuel costs have jumped since the start of the Iran war. Customers checking one bag will pay $45 starting on Thursday, while a second will now cost $55, … Read more

Raising a child now costs over $300,000 in the U.S., study finds. See how your state compares.

Raising a child comes with a long list of expenses, from child care to additional groceries. But how much does that add up to over 18 years? A new estimate from LendingTree puts the price tag at $303,418 for 2026, or an average of $16,857 per year. It’s the first time the figure has topped $300,000 … Read more