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News
Diesel price surge hits food, shipping as energy costs add inflation pressure
1+ day, 11+ hour ago (504+ words) Record diesel prices are increasing transportation costs and adding pressure to food costs, shipping fees and broader inflation as global oil disruptions continue. Record-high diesel prices are increasing transportation costs for groceries, packages and everyday goods across the country, as…...
Graph shows road to record high diesel prices during Iran War
1+ week, 2+ day ago (104+ words) Diesel prices have hit a new record high in the U.S. as the ongoing war in Iran continues to strain global energy sources. On Friday, diesel prices hit $5.85 per gallon, according to AAA data. Previously, the record high was $5.82 per gallon…...
US diesel prices hit record high of $5.85 on average as Iran War disrupts flow of fuel
1+ week, 2+ day ago (915+ words) Diesel hit a new record price in the U.S. on Friday, soaring to an average of $5.85 a gallon for the first time ever as the six-month war with Iran disrupts the world’s flow of fuel. The increases could have political implications,…...
How the US-Canada trade war could affect consumers, farmers, businesses
2+ week, 4+ day ago (440+ words) An escalating trade war between the US and Canada risks raising costs on both sides of the border. A high-stakes trade war is escalating, as Canada teases new tariffs on hundreds of American goods starting next month in response to…...
Tariffs on strawberries could increase costs for shoppers
3+ week, 5+ day ago (404+ words) Strawberries offer a taste of summer, even when they are eaten in the dead of winter. But the year-round treat Americans have grown accustomed to could soon get more expensive. The Trump administration is investigating whether Mexican growers are selling…...
Higher energy prices remain despite cooling inflation, new data shows
1+ mon, 1+ day ago (198+ words) New government data shows inflation continued to slow last month, creeping down 0.1% from June's data. While cooling slightly, inflation is still up from the year prior as the U.S. nears six months of war in Iran. Inflation rose to 3.4% from the…...
New report shows where inflation is headed as Iran War continues
1+ mon, 1+ day ago (574+ words) Inflation has remained stubbornly high for years, but elevated fuel prices from the war have contributed to the challenge. A new report released on Wednesday morning offers the latest sign of where prices are headed. Inflation has remained stubbornly high…...
President Trump said prices are 'all coming down now.' They’re mostly going up.
1+ mon, 3+ day ago (791+ words) As the midterm elections inch closer, polls frequently show voters expressing greater concern about inflation than any other issue. President Donald Trump said his administration has been doing a good job on that front. “I inherited very, very high costs,…...
US employers unexpectedly cut 23,000 jobs, unemployment dips to 4.1%
1+ mon, 6+ day ago (722+ words) U.S. employers unexpectedly cut 23,000 jobs last month, and Labor Department revisions shaved 103,000 jobs off payrolls in May and June. The unemployment rate dipped to 4.1% only because Americans left the job market. The June jobs numbers from the Labor Department Friday marked…...
Federal Reserve to leave key rate unchanged despite high prices — for now
1+ mon, 2+ week ago (222+ words) The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation and a spike in energy prices caused by the Iran War. The Fed's rate-setting committee reached the 9-3 decision after two days of deliberations, marking the fifth…...