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ClickOrlando.com, powered by News 6, has the latest local breaking news and headlines from Orlando, Florida. Get Orlando, Fla., local TV news, Orange County, Fla., headlines, national news, videos and more from CBS TV's local affiliate in Orlando, Fla., WKMG - Orlando's News 6.
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European Central Bank raises interest rates a quarter point to quell energy-fueled inflation
3+ day, 14+ hour ago (376+ words) FRANKFURT – The European Central Bank raised interest rates Thursday to cool inflation that is being fed by high oil prices from the Iran war. The decision was supported by a stronger-than-expected economy that suggests businesses can weather the higher borrowing…...
US wholesale prices rise in latest sign of stubborn inflation as oil prices continue to climb
3+ day, 18+ hour ago (405+ words) WASHINGTON – Wholesale inflation picked up last month after cooling earlier this summer as higher oil and gas prices stemming from the Iran war keep costs elevated. In a striking acknowledgment Wednesday, Trump said that oil prices likely won’t come down…...
Gas prices in Central Florida climb as Iran war disrupts global oil supply
3+ day, 19+ hour ago (243+ words) ORLANDO, Fla. – Gas prices in Central Florida are climbing, and President Donald Trump says relief at the pump is still months away. The Iran war has dramatically slowed oil moving through the Strait of Hormuz — a critical shipping lane that…...
US unemployment claims dip to 206,000 as layoffs continue to remain rare
3+ day, 19+ hour ago (257+ words) WASHINGTON – Slightly fewer Americans filed for unemployment claims last week as jobless claims remain at historically low levels and layoffs are still relatively rare. Filings for benefits dipped to 206,000 last week from a revised 207,000 the week before, the Labor Department…...
Consumer: How to save as beef prices soar
1+ week, 4+ day ago (98+ words) WKMG Consumer: How to save as beef prices soar Beef prices are hitting record highs. Jenn Sullivan explains why and has tips on how shoppers can save money. Tiger Woods pleads no contest to reckless driving in Florida DUI case…...
US bonds sell off as rising oil prices create inflation anxiety
1+ week, 5+ day ago (464+ words) BANGKOK – Rising oil prices raised inflation fears and pushed bond yields higher Tuesday, weighing down stocks on Wall Street. The weak start to September follows a shaky, but mostly positive month for Wall Street. Every major index notched monthly gains…...
Warsh raises stakes for Fed's next meeting and other takeaways from Jackson Hole conference
2+ week, 1+ day ago (947+ words) WASHINGTON – Federal Reserve Chair Kevin Warsh renewed his inflation-fighting credentials in a speech Frida y that opened the door to potential rate hikes in the coming months. In doing so, Warsh has put more pressure on the central bank to…...
Key inflation gauge remains elevated during Iran conflict and ongoing US trade fights
2+ week, 4+ day ago (742+ words) WASHINGTON – An inflation measure closely watched by the Federal Reserve stayed elevated last month in the latest sign that many Americans are still struggling with higher costs. Stubbornly high prices are shaping up to be a key issue in the…...
Wall Street week ahead: Reports on consumer confidence and inflation on tap
3+ week, 2+ day ago (43+ words) WKMG Drier Saturday with spotty afternoon storms Mexico resumes livestock sales to US under tight controls over screwworm risk Pope Leo praises San Marino as model of freedom and common good...