Economy
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Economy | LATEST STORIES
Bessent Says US Could Ease Sanctions on More Russian Oil
‘We’re going to keep a cadence of announcing measures to bring relief to the market during this conflict,’ Treasury Secretary Scott Bessent said.
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US Customs Expects Tariff Refund System to Go Online in 45 Days
CBP said it has collected about $166 billion from more than 330,000 businesses under the now-invalidated tariff structure.
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US Gas Prices Jump as Iran War Continues
The average price of gasoline has increased to its highest level since mid-2024, according to new data.
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Used-Vehicle Prices Jump 4 percent in February as Tax Refunds Fuel Increased Demand
Cox Automotive said that rapidly rising fuel prices amid ongoing geopolitical concerns could lead to a slowdown in vehicle sales.
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Retail Sales Stumble in January After Severe Winter Storm
Commerce slowed at gas stations, clothing stories, and electronics outlets.
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Dow Gains in 2025 Fuel Double-Digit Percentage Increases in Retirement Accounts
Vanguard participants’ average balance rose 13 percent from the year before. For Fidelity participants, the increase was 11 percent.
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US Issues India 30-Day Waiver to Buy Russian Oil Amid Iran Conflict
India has been one of Russia’s largest crude oil importers since the invasion of Ukraine.
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Cement, Drugs, and Oil—How the Iran Conflict Could Disrupt Global Supply Chains
A prolonged conflict would further delay ships in the Strait of Hormuz, leading to product shortages and higher production and transportation costs.
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US Home Relistings Hit Record High Ahead of Spring Buying Season
A third of the homes relisted in January came back on the market for less than their original asking price, according to Redfin.
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Unemployment Claims Signal Labor Market Stabilization Ahead of Jobs Report
The February jobs report is expected to show nearly 60,000 new positions and an unemployment rate of 4.3 percent.
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Judge Rules Importers Are Entitled to Tariff Refunds
The U.S. Court of International Trade’s decision follows the Supreme Court’s ruling last month that struck down most of the president’s levies.
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US Firms Still Reluctant to Pass Tariff-Related Costs to Customers, Fed Says
Businesses suggest that prices will ‘rise at a somewhat slower pace in the near term.’
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Papa John’s to Shutter Nearly 300 Restaurants in North America
The restaurant chain said that most of the restaurants slated for closure are franchise-owned and have been operating at a loss.
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Typical US Homeowners Stay 12 Years in Their Homes, 20 Years in Los Angeles
‘California’s tax laws incentivize homeowners to stay in their homes for a long time,’ Redfin said.
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US Private Payrolls up 63,000 in February, Highest Since July: ADP
‘We’ve seen an increase in hiring and pay gains remain solid, especially for job-stayers,’ said Nela Richardson, chief economist at ADP.
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New Target CEO Forecasts Turnaround to Retailer’s Lackluster Sales in 2025
Shares of the company closed up by more than 6 percent on March 3.
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AI Layoffs Catch up With Fintech Industry
An expert cautioned that sectors reliant on complex human expertise should move carefully in AI related job cuts.
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The War in Iran Begins - How Will It End?
The Iran military action should remove major uncertainty in the world, and the stock market is expected to have a relief rally.
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US Housing-Supply Gap Widens in 2025 as Construction Trails Demand
The housing shortage reached 4.3 million homes in 2025, up from 3.8 million in 2024, according to a new report.
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Bessent Says US Could Ease Sanctions on More Russian Oil
‘We’re going to keep a cadence of announcing measures to bring relief to the market during this conflict,’ Treasury Secretary Scott Bessent said.
|
US Customs Expects Tariff Refund System to Go Online in 45 Days
CBP said it has collected about $166 billion from more than 330,000 businesses under the now-invalidated tariff structure.
|
US Gas Prices Jump as Iran War Continues
The average price of gasoline has increased to its highest level since mid-2024, according to new data.
|
Used-Vehicle Prices Jump 4 percent in February as Tax Refunds Fuel Increased Demand
Cox Automotive said that rapidly rising fuel prices amid ongoing geopolitical concerns could lead to a slowdown in vehicle sales.
|
Retail Sales Stumble in January After Severe Winter Storm
Commerce slowed at gas stations, clothing stories, and electronics outlets.
|
Dow Gains in 2025 Fuel Double-Digit Percentage Increases in Retirement Accounts
Vanguard participants’ average balance rose 13 percent from the year before. For Fidelity participants, the increase was 11 percent.
|
US Issues India 30-Day Waiver to Buy Russian Oil Amid Iran Conflict
India has been one of Russia’s largest crude oil importers since the invasion of Ukraine.
|
Cement, Drugs, and Oil—How the Iran Conflict Could Disrupt Global Supply Chains
A prolonged conflict would further delay ships in the Strait of Hormuz, leading to product shortages and higher production and transportation costs.
|
US Home Relistings Hit Record High Ahead of Spring Buying Season
A third of the homes relisted in January came back on the market for less than their original asking price, according to Redfin.
|
Unemployment Claims Signal Labor Market Stabilization Ahead of Jobs Report
The February jobs report is expected to show nearly 60,000 new positions and an unemployment rate of 4.3 percent.
|
Judge Rules Importers Are Entitled to Tariff Refunds
The U.S. Court of International Trade’s decision follows the Supreme Court’s ruling last month that struck down most of the president’s levies.
|
US Firms Still Reluctant to Pass Tariff-Related Costs to Customers, Fed Says
Businesses suggest that prices will ‘rise at a somewhat slower pace in the near term.’
|
Papa John’s to Shutter Nearly 300 Restaurants in North America
The restaurant chain said that most of the restaurants slated for closure are franchise-owned and have been operating at a loss.
|
Typical US Homeowners Stay 12 Years in Their Homes, 20 Years in Los Angeles
‘California’s tax laws incentivize homeowners to stay in their homes for a long time,’ Redfin said.
|
US Private Payrolls up 63,000 in February, Highest Since July: ADP
‘We’ve seen an increase in hiring and pay gains remain solid, especially for job-stayers,’ said Nela Richardson, chief economist at ADP.
|
New Target CEO Forecasts Turnaround to Retailer’s Lackluster Sales in 2025
Shares of the company closed up by more than 6 percent on March 3.
|
AI Layoffs Catch up With Fintech Industry
An expert cautioned that sectors reliant on complex human expertise should move carefully in AI related job cuts.
|
The War in Iran Begins - How Will It End?
The Iran military action should remove major uncertainty in the world, and the stock market is expected to have a relief rally.
|
US Housing-Supply Gap Widens in 2025 as Construction Trails Demand
The housing shortage reached 4.3 million homes in 2025, up from 3.8 million in 2024, according to a new report.
|