News
Conflict between US and Iran delivers another shock to the global economy
5+ hour ago (1055+ words) WASHINGTON " The conflict with Iran is doing collateral damage to the world economy. The conflict is driving up energy and fertilizer prices; threatening food shortages in poor countries; destabilizing fragile states such as Pakistan; and complicating options for the inflation…...
Sacramento City Unified deficit grows to $134M after savings fall short
3+ day, 15+ hour ago (59+ words) Sacramento City Unified deficit grows to $134M after savings fall short'ABC10 Sacramento City Unified deficit grows to $134M after savings fall short To stream ABC10 News on your phone, you need the ABC10 News app. Download the ABC10 News app Next up in 5 Example video…...
US mortgage rate dips below 6% as spring homebuying season begins
5+ day, 12+ hour ago (406+ words) SACRAMENTO, Calif. " The average U.S. long-term mortgage rate has dipped below 6% for the first time in years, offering a potential boost to the housing market just as the busy spring homebuying season gets underway. On February 26, mortgage buyer Freddie Mac announced…...
National average for gas surpasses $3 per gallon and is expected to rise amid Iran conflict
1+ week, 3+ hour ago (632+ words) WASHINGTON " Gas and oil prices in the U.S. are expected to continue rising amid the ongoing conflict with Iran and escalating tensions in the region, leading to the closure of one of the most vital passageways for oil trade. According to…...
US stocks erase sharp losses, while oil prices leap on worries about Iran conflict
1+ week, 20+ hour ago (827+ words) WASHINGTON D.C., DC " Oil prices leaped Monday on worries that a conflict with Iran could clog the global flow of crude and make inflation even worse. U.S. stocks, meanwhile, swung from sharp losses to a tiny gain. Crude prices jumped more than…...
Will the strikes in Iran raise gas prices?
1+ week, 21+ hour ago (501+ words) WASHINGTON " The conflict in Iran has sent global oil markets into a panic, raising the price of crude and raising the specter of higher gas prices in the U.S." Since the U.S. began airstrikes in Iran on Saturday, the price of crude…...
US stocks slip and oil prices leap with worries that war in the Middle East will worsen inflation
1+ week, 23+ hour ago (721+ words) WASHINGTON D.C., DC " U.S. stocks are slipping Monday, while'oil prices leap on worries that'war in the Middle East will slow the global flow of crude and make inflation even worse. Crude prices jumped 6%, which will likely mean higher prices soon at gasoline…...
What shoppers should watch as tariffs and labor shortages affect prices | Dollars & Sense
1+ mon, 5+ day ago (473+ words) SACRAMENTO, Calif. " Price pressures could resurface for some shoppers this year, even as overall inflation shows signs of cooling. Wells Fargo warns that recent tariffs and lingering inflation concerns could'push prices higher in certain categories in an interview with Yahoo…...
LAO warns California budget faces risky assumptions, looming multiyear deficits
1+ mon, 4+ week ago (163+ words) CALIFORNIA, USA " California's budget outlook may be more precarious than the governor's proposed spending plan suggests, according to a new overview released by the Legislative Analyst's Office. The analysis follows Gov. Gavin Newsom's unveiling of his proposed $348.9 billion budget for…...
ACA Subsidy Expiration Leaves Millions Facing Higher Health Insurance Costs
2+ mon, 2+ week ago (703+ words) SACRAMENTO, Calif. " With Congress leaving Washington for winter recess without approving a plan to extend Affordable Care Act subsidies, millions of Americans are set to see their health insurance premiums rise sharply in the new year." Two million Californians are…...