News
S&P 500 sinks 2. 6% for biggest drop since October as tech stocks slump and investors worry about higher interest rates
10+ hour, 22+ min ago (49+ words) NEW YORK (AP) " S&P 500 sinks 2. 6% for biggest drop since October as tech stocks slump and investors worry about higher interest rates. S&P 500 sinks 2. 6% for biggest drop since October as tech stocks slump and investors worry about higher interest…...
Tomatoes become latest symbol of America's affordability squeeze
1+ week, 20+ hour ago (633+ words) TRAFFIC ALERT: I-95 southbound diverted to Marine Corps Base Quantico (#148), follow police direction, all lanes blocked by the crash. May 29, 2026, 6: 02 AM Prices for those red orbs have soared more than any other food product over the past year to cement a…...
Warsh is sworn in as the Fed chair after Trump's bid for greater control over the independent bank
2+ week, 12+ hour ago (717+ words) May 22, 2026, 1: 34 PM Trump spent months criticizing Warsh's predecessor, Jerome Powell, for being reluctant to cut interests rates, with the Republican president arguing that lower borrowing costs would provide an economic boost. By taking the unusual step of holding the ceremony…...
America In Focus: Hotter inflation doesn’t stop consumers, investors - WTOP News
2+ week, 6+ day ago (439+ words) In the past week, many Americans remained focused on the economy, inflation and how those forces could impact their lives. Trips to the grocery store or gas…...
Why a Maryland professor says the economy is sending a mixed message
2+ week, 1+ hour ago (542+ words) May 22, 2026, 8: 36 PM In February, the Dow Jones Industrial Average crossed the 50, 000-point threshold for the first time, and it's been historically high ever since. At the same time inflation is high, grocery prices are soaring and gasoline prices have risen…...
Oil and gas prices to remain high in Europe at least until the end of 2027, officials say
2+ week, 17+ hour ago (329+ words) May 22, 2026, 9: 15 AM EU Economy Commissioner Valdis Dombrovskis said that higher energy prices are primarily responsible for driving inflation to a forecast 3. 1% for this year and 2. 4% for 2027. That's significantly higher than the earlier forecast for this year of 1. 9%. "We expect that…...
Energy shock from Iran war to weigh on Europe's growth, boost inflation
2+ week, 1+ day ago (283+ words) NEWS ALERT: Travelers from some African countries must fly to Dulles Airport amid Ebola outbreak, DHS says TRAFFIC ALERT: 1 lane gets by the BW Parkway southbound after Powder Mill Road due to flooding May 21, 2026, 6: 02 AM "As a net energy importer,…...
Japan’s economy expands at a 2. 1% annual pace, boosted by consumer spending - WTOP News
2+ week, 4+ day ago (26+ words) TOKYO (AP) — The Japanese economy grew at an annualized rate of 2. 1% in the January-March quarter, the government said Tuesday, showing its resilience despite…...
India raises fuel prices as global energy crisis adds pressure on economy
3+ week, 22+ hour ago (483+ words) May 15, 2026, 3: 31 AM In New Delhi, gasoline prices rose to 97. 77 rupees ($1. 17) a liter, while diesel climbed to 90. 67 rupees ($1. 09) a liter. India imports about 90% of its oil and has been hit hard by rising energy prices and supply disruptions linked to the…...
Retail sales growth slowed in April from March as higher gas cost leaves less room for nonessentials
3+ week, 1+ day ago (577+ words) NEWS ALERT: Fairfax Co.'s top prosecutor, sheriff head to Capitol Hill to testify before members of the House May 14, 2026, 9: 56 AM But economists noted that consumer spending, propped up by generous income tax refunds, is still healthy. Still, they worry…...