News
Trump says gas in Iowa was $1.85: AAA clarifies this claim
2+ hour, 11+ min ago (309+ words) DES MOINES, Iowa (WQAD) - In President Donald Trump's historically-long State of the Union Address Tuesday, he mentioned Iowa's gas prices. He started by saying that gas was over $6 in 2021 in some states. Back then, gas in Iowa peaked at $4.76. Afterward,…...
Univ. of Iowa economist warns of ongoing uncertainty after tariff ruling
5+ day, 19+ hour ago (192+ words) IOWA CITY, Iowa (KCRG) - As the U.S. Supreme Court decision reshapes American trade policy, a University of Iowa economist says the biggest impact may not be the tariffs themselves " but the uncertainty that follows. Anne Villamil, a professor of economics at…...
Mortgage rates drop again to a new three-year low
1+ week, 20+ hour ago (249+ words) The 30-year fixed mortgages in this week's survey had an average total of 0.36 discount and origination points. Discount points are a way to lower your mortgage rate, while origination points are fees lenders charge to create, review and process your…...
Local businesses blame tariffs for price increases on Valentine’s Day gifts
2+ week, 1+ day ago (300+ words) CEDAR RAPIDS, Iowa (KCRG) - People shopping for Valentine's Day gifts should expect to pay more this year as the cost for staples like flowers and chocolate are increasing. In Cedar Rapids, Al Pierson, who runs Pierson's Flower Shop and Greenhouse,…...
Fact Check: President Trump’s claims on inflation and John Deere facility
4+ week, 1+ day ago (334+ words) CLIVE, Iowa (KCRG) - President Trump made several economic claims during Tuesday's speech that require fact-checking, including statements about proposed developments by John Deere and his Administration's effort to bring down record inflation. Trump said his administration inherited record-level inflation numbers…...
Holiday shopping costs expected to rise amid tariff concerns
2+ mon, 3+ week ago (314+ words) CEDAR RAPIDS, Iowa (KCRG) - Holiday shopping might look different for some families this year. According to Lending Tree, an online loan marketplace, tariffs are set to cost shoppers throughout the country more than $28 billion. A mix of Black Friday deals…...
Overall cost of Thanksgiving meal 5% lower than last year
3+ mon, 12+ hour ago (947+ words) IOWA, USA (Iowa Capital Dispatch) - The cost of a classic Thanksgiving dinner set for 10 people, at $55.18, is 5% less than the cost in 2024, annual data from the American Farm Bureau Federation shows. While key meal items like turkey and dinner rolls…...
Trump suggests US will buy Argentine beef to bring down prices for American consumers
4+ mon, 6+ day ago (151+ words) US President Donald Trump said Sunday that the United States could purchase Argentine beef in an attempt to bring down prices for American consumers. (Source: US NETWORK POOL) "We would buy some beef from Argentina," the Republican president told reporters…...
Is Iowa at risk of a recession? Numbers, economists present mixed bag
4+ mon, 1+ week ago (453+ words) IOWA, USA (WOI) - As Local 5 reports, research conducted by Moody Analytics" chief economist Mark Zandi shows 22 states in the U.S. could soon be in a recession, including Iowa. In June, a WalletHub study claimed that Iowa"s economy was last in…...
Economists say job losses likely, even as shutdown delays report
4+ mon, 3+ week ago (815+ words) WASHINGTON (IOWA CAPITAL DISPATCH) - Friday's jobs report is missing in action because of the federal shutdown, but economists are finding other ways of measuring apparent job losses concentrated in Midwestern states and oil country. Unemployment could continue to rise, especially…...