Key inflation gauge worsens as Americans’ income and spending power erodes
WASHINGTON (AP) — A key inflation gauge accelerated in April to the highest level in three years, squeezing Americans’ finances and creating political challenges for
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US jobless claims rise to 215,000 but layoffs remain low despite Iran war uncertainty
WASHINGTON (AP) — More Americans sought unemployment benefits last week, but layoffs remain low despite economic uncertainty caused by the Iran war. The Labor Department
As US stock market hits new highs, 2 of 3 Americans are cutting back on spending, survey shows
WASHINGTON (AP) — U.S. consumer confidence declined slightly this month as gas prices stayed high and inflation remained elevated, a sharp contrast to soaring stock
Oil giant BP ousts chairman over ‘conduct’
BP has ousted its chairman over what it called serious concerns related to “important governance standards, oversight and conduct.” The departure was abrupt and unexpected,
Oil and gas prices to remain high in Europe at least until the end of 2027, officials say
NICOSIA, Cyprus (AP) — European Union officials said Friday that Europeans can expect oil and gas prices to remain above what they were before the
2-time NASCAR champ Kyle Busch dies at 41 after being hospitalized with a ‘severe illness’
CONCORD, N.C. (AP) — Kyle Busch, a two-time Cup Series champion who won more races than anyone across NASCAR’s three national series, has died. He
Memorial Day: Higher fuel prices have some Americans scaling back their travel plans
As someone who is “not the best person with bugs and stuff,” Stephanie Bernaba never imagined herself becoming an outdoorsy mom. But the mother of
Newsom’s office warns Californians to avoid Chevron this holiday weekend, citing high gas prices
SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom is in a spat with a major oil company over who is to blame for the state’s
Judge refuses to postpone June 1 civil trial over deadly 2024 collapse of Baltimore bridge
BALTIMORE (AP) — A federal judge on Wednesday refused to postpone a trial that is scheduled to start next month for civil claims stemming from
UK police find cocaine worth $9.3 million stashed in truckload of underwear
LONDON (AP) — A British court sentenced a truck driver to prison for smuggling 7 million pounds ($9.4 million in U.S. currency) worth of cocaine
Oil rises after Trump warns Iran that ‘clock is ticking’
HONG KONG (AP) — Oil prices rose after Trump warned Iran in a social media post that “the Clock is Ticking, and they better get
China agrees to boost trade for US ag products such as beef and poultry following Trump-Xi summit
WASHINGTON (AP) — China has agreed to ramp up trade for U.S. agricultural products such as beef and poultry, buying at an annualized rate of
SCOTUS ruling in CH Robinson case sets precedent allowing suits against freight brokers
WASHINGTON (AP) — The Supreme Court on Thursday allowed a man to sue a major logistics company after he lost part of his leg in
US filings for jobless benefits hits 211,000 as the war in Iran drags on, clouding economic forecast
WASHINGTON (AP) — The number of Americans filing for jobless aid rose last week but remains historically low despite the economic uncertainty caused by the
Oil prices start the day largely unchanged
Oil prices were effectively unchanged, with no clear ending to the Iran war after more than two months. Some were hoping the Trump-Xi meeting could
US and China seek to repair damage from tariff war that sent trade into a freefall
WASHINGTON (AP) — During a tumultuous 2025, the United States and China proved how much they could hurt each other in a trade war. Now
A timeline of the Baltimore bridge collapse that killed 6 people
The operator of the massive cargo ship that struck Baltimore’s Francis Scott Key Bridge is now facing criminal charges for actions leading up to and
What a US gas tax suspension could mean for drivers and the prices they see at the pump
NEW YORK (AP) — As steep fuel prices strain household budgets during the war with Iran, U.S. President Donald Trump wants to suspend his government’s
US consumer prices jump as Iran war sends energy prices rapidly higher
WASHINGTON (AP) — U.S. consumer prices climbed sharply again last month as the 10-week war with Iran pushed energy prices higher. The Labor Department’s consumer
Ship operator and employee are charged in crash that caused the deadly collapse of Baltimore bridge
BALTIMORE (AP) — The Singapore-based operator of the ship that crashed into Baltimore’s Francis Scott Key Bridge, causing it to collapse and killing six people,