prices

Inflation eased more than expected in June as gas prices fell, CPI report shows

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Inflation slowed more than expected in June, easing to an annual rate of 3.5% from 4.2% in May as lower gasoline prices helped cool price growth, according to Labor Department data released Tuesday. By the numbers Economists polled by the financial data firm FactSet predicted June inflation would rise at an annual rate of 3.9%. … Read more

These states are ‘ahead of the game’ in bringing down home prices, Trump’s housing chief says

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NEWYou can now listen to Fox News articles! Homeownership remains out of reach for many Americans, but Housing and Urban Development (HUD) Secretary Scott Turner reveals some states are making more progress than others. In an exclusive interview with Fox News Digital, Turner said Florida and Texas are “ahead of the game” on housing affordability, … Read more

Oil prices jump as fighting flares in the Middle East

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BANGKOK — Oil prices climbed early Tuesday as fighting intensified in the Middle East, while Asian shares declined, dragged lower by losses for artificial-intelligence stocks. The price of Brent crude climbed to just over $84 a barrel after soaring nearly 10% on Monday. U.S. benchmark crude was up 1.4% at $79.20 a barrel. Oil prices … Read more

Oil prices rise as the U.S. and Iran fight over control of Strait of Hormuz

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Oil prices rose on Monday as the conflict between the U.S. and Iran intensified days after President Trump declared the countries’ ceasefire agreement to be over. Iran claimed the Strait of Hormuz was closed as both sides exchanged more strikes over the weekend. Kristin Myers, ETF editor-in-chief at ASSET TV, joins CBS News to share … Read more

WATCH: Trump’s Energy chief reveals what escalating Iran tensions could mean for gas prices

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NEWYou can now listen to Fox News articles! Energy Secretary Chris Wright is telling Americans not to be concerned about the possibility of another surge of sharp increases in gasoline prices as tensions with Iran have started to escalate once again. Asked whether Americans should worry about higher prices at the pump and how the … Read more

Home prices across the U.S. surge to all-time high

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With a landmark housing affordability bill in political limbo, U.S. home prices have hit an all-time high. The median price of existing homes in June was $440,660, up 1.8% from $432,700 a year ago, according to new data from the National Association of Realtors (NAR). Home prices have risen for 36 straight months.  “Housing affordability remains … Read more

Jet fuel prices have dropped. Why are plane tickets still so expensive?

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Jet fuel prices have retreated after soaring during the Iran war, but airline passengers shouldn’t expect cheaper tickets anytime soon as strong travel demand and Spirit Airlines‘ shutdown continue to keep fares elevated, according to air travel experts. Lower fuel costs would normally ease pressure on airfare prices, but analysts say airlines have little incentive … Read more