News
Iran war oil shock pushes US inflation to 3. 3%. It's expected to get worse
1+ day, 1+ hour ago (626+ words) (CNN) " A war-driven jump in gas prices helped push US inflation to 3. 3% in March, marking the fastest annual pace in nearly two years, new Bureau of Labor Statistics data showed Friday. On a monthly basis, prices rose 0. 9%, triple the 0. 3% pace…...
Don't expect your state to give you a gas tax holiday anytime soon
3+ week, 4+ day ago (951+ words) (CNN) " Drivers looking for some relief at the pump likely won't get any help from their state during the current spike in gas prices. When Russia's invasion of Ukraine caused gas prices to skyrocket in early 2022, five states temporarily suspended…...
The US economy grew just 0. 7% last quarter, ahead of a potentially destabilizing war with Iran
4+ week, 20+ hour ago (809+ words) By Bryan Mena, Elisabeth Buchwald, CNN Washington (CNN) " The US economy was on shaky footing even before President Donald Trump plunged the United States into a war with Iran, a battery of new data released Friday showed. At the end…...
The US economy lost 92, 000 jobs in February and the unemployment rate rose to 4. 4%
1+ mon, 5+ day ago (663+ words) (CNN) " Hiring at US businesses unexpectedly plunged last month as employers shed an estimated 92, 000 jobs, according to new data released Friday by the Bureau of Labor Statistics. The unemployment rate edged higher to 4. 4% from 4. 3%. Economists were expecting job growth to…...
Stocks recoup some losses but close lower as Middle East conflict stirs up volatility
1+ mon, 1+ week ago (591+ words) New York (CNN) " Global stocks closed lower Tuesday after a volatile day that saw the Dow briefly tumble by more than 1, 200 points as concerns linger among investors that the widening conflict in the Middle East could escalate further. The Dow…...
Inflation cooled in November to 2. 7%, but economists say to take it with "the entire salt shaker
3+ mon, 3+ week ago (746+ words) (CNN) " Inflation unexpectedly " and sharply " slowed in November, a seemingly welcome change for Americans weighed down by the persistently high cost of living. However, economists were quick to caution Thursday that the Consumer Price Index slowing to 2. 7% from 3% in September…...
After the holidays: Hardcore ways to get your budget back on track
3+ mon, 2+ day ago (1018+ words) The holidays can be a delightful time'full of traditions, loved ones, and moments you want to make special. Between gifts, gatherings, and seasonal events, holiday spending can add up fast. And if your bank account took a hit'or you went…...
Americans might finally be buckling under the weight of rising debt and slowing wage growth
2+ mon, 17+ hour ago (722+ words) By Bryan Mena, Alicia Wallace, CNN Washington (CNN) " The US economy's engine may be starting to sputter, as Americans' paychecks lose steam and their debt becomes even more unwieldy, new data showed Tuesday. Retail sales were unexpectedly flat in the…...
Americans are paying more than ever for cars. Cheap models are disappearing
2+ mon, 3+ week ago (846+ words) (CNN) " In 2024, US buyers had a choice of three cars priced under $20, 000. Now, there are none. Data on car-buying costs released Monday show how much the loss of cheaper models can hurt customers: New car buyers paid $50, 326 on average in…...
Trump calls for a 10% cap on credit card rates in his latest appeal to affordability concerns
3+ mon, 1+ day ago (586+ words) By Luciana Lopez, CNN (CNN) " President Donald Trump on Friday called for a one-year, 10% cap on credit card interest rates, saying the American public is being "ripped off" in a Truth Social post. Trump called for the cap to come…...