News
Gap between rich and poor nations is growing even wider, UN report says
6+ hour, 30+ min ago (437+ words) The United Nations logo is seen inside the 79th session of the United Nations General Assembly, Tuesday, Sept. 24, 2024. Credit: AP/Pamela Smith UNITED NATIONS " The gap between rich and poor nations is growing even wider as actions agreed to by many…...
Surge in gasoline prices spike the cost of food on Long Island
8+ hour, 46+ min ago (754+ words) The cost of gasoline on Long Island and in the metropolitan area, powered by the war with Iran, rose 18. 2% last month compared with a year ago " the fastest rate of growth since summer 2022. March's surge in gas prices led to…...
Inflation may jump by most in nearly four years as gas prices spike in wake of Iran war
20+ hour, 45+ min ago (948+ words) Chuck Byrd puts away a fuel nozzel after filling two tanks for a truck at a gas station on Tuesday, April 7, 2026, in Aurora, Ore. Credit: AP/Jenny Kane WASHINGTON " The largest monthly jump in gas prices in six decades caused…...
How spending shocks affect retirement planning
4+ day, 1+ hour ago (197+ words) A board above the trading floor of the New York Stock Exchange displays the closing number for the Dow Jones industrial average, Thursday, Dec. 11, 2025. Credit: AP/Richard Drew Further complicating matters for young retirees is that many individuals wish to…...
Key Fed official sees possible rate hike amid higher gas prices, inflation concerns
4+ day, 14+ hour ago (506+ words) WASHINGTON " A top Federal Reserve official said Monday that an interest rate hike could be appropriate if inflation remains persistently above the central bank's 2% target, the latest sign that some policymakers are moving away from a bias toward reducing borrowing…...
Housing market trends favor home shoppers, but Iran war clouds the outlook for mortgage rates
6+ day, 19+ hour ago (1412+ words) LOS ANGELES " The economic fallout from the war with Iran is driving up the cost of buying a home, even as other housing market trends in many parts of the country favor home shoppers this spring. Mortgage rates have been…...
Pakistanis face unprecedented fuel price rise of up to 54% as global oil price spikes
1+ week, 20+ hour ago (552+ words) ISLAMABAD " Pakistanis faced record fuel price increases Friday, as petrol and diesel prices rose by up to 54% driven by the war in the Middle East that has caused global oil prices to surge. The increase adds pressure to a cash-strapped…...
US hiring likely improved last month, but Iran war and oil prices could take a toll later in 2026
1+ week, 1+ day ago (453+ words) A now hiring sign sits on the side of the road in Garland, Texas, Monday, March 23, 2026. Credit: AP/LM Otero WASHINGTON " The U. S. job market likely rebounded last month from a dismal February. But the improvement may not last long as…...
Retail sales rose in February before the Iran war, which threatens to derail spending
1+ week, 2+ day ago (619+ words) Shoppers navigate packed aisles in the new H Mart, in Dublin, Calif. , Thursday, March 26, 2026. Credit: AP/Bront" Wittpenn NEW YORK " Shoppers increased their spending in February before gasoline prices spiked because of the attacks on Iran by the U. S. and Israel....
German growth forecast cut as Europe scrambles to contain price shock from Iran war
1+ week, 2+ day ago (667+ words) The sun has set behind a gas station in Frankfurt, Germany, Tuesday, March 31, 2026. Credit: AP/Michael Probst BERLIN " German growth forecasts for 2026 and 2027 were cut by experts on Wednesday as governments across Europe implement measures aimed at reducing the price…...