The S&P 500 hit a new all-time high Wednesday, a remarkable turnaround for the broad-based stock index while the war with Iran continues and rising energy costs threaten global growth prospects. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The S&P 500 rose 0.5%, pushing the benchmark past … Read more
With inflation surging again, the costs of homebuying and refinancing are likely to rise once more. taylanibrahim/Getty Images While monitoring the Federal Reserve and its interest rate policy is an integral part of the homebuying and refinancing process, it’s not the only thing borrowers should consider. Mortgage interest rates, after all, are driven by a … Read more
WASHINGTON — Soaring gas prices are expected to produce a spike in inflation when the government reports consumer prices for March on Friday, likely unnerving the inflation fighters at the Federal Reserve and heightening the political challenges of rising costs for the White House. Inflation probably rose to 3.4% in March compared with a year … Read more
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White House officials have privately discussed their concerns about recent internal and public polling on the economy and President Trump and have been trying to drum up new strategies to prevent GOP losses in the midterm elections, sources briefed on the conversations told CBS News. Senior aides, including chief of staff Susie Wiles and deputy … Read more
A post-pandemic running boom is changing the sport with millions of people joining run clubs and signing up for races each year, even the toughest marathons. Evyn Moon takes a look at the surge in applicants and the big impact these events have on their communities. Source link
NEWYou can now listen to Fox News articles! EXCLUSIVE: Despite the ongoing conflict in Iran, President Donald Trump’s “energy czar,” Doug Burgum, is confident the “temporary blip up” in gas and energy prices facing Americans will come back down very soon as the president’s “drill baby drill” agenda takes effect. In an interview with Fox … Read more
8m ago Stocks slide and oil prices spike as Israeli strike hits “plumbing of the global energy system” Stock prices were down early Thursday and oil prices rose sharply as the U.S.-Israeli war on Iran escalated. Israel’s Wednesday strike on Iran’s South Pars gas field, which is shared with Qatar, and President Trump’s threat … Read more
Since the start of the Iran war, gas prices have increased by 27%, and diesel prices have increased by 34%. Justin Wolfers, professor of public policy and economics at the University of Michigan, joins to examine the potential impact of the war on the overall economy. Source link
HONG KONG — The fallout from the U.S.-Israeli war with Iran and the effective closure of the Strait of Hormuz is being felt sharply in Asia, with authorities from New Delhi to Manila implementing emergency measures to shield consumers from mounting shortages and surging oil prices. On Friday, people in Nepal lined up at gas-filling … Read more