This story on the January 2026 PCE inflation report is developing and will be updated with more details. The Federal Reserve’s preferred inflation gauge remained stubbornly…
This is a developing story about the second reading of fourth-quarter gross domestic product growth. Please check back for updates. The U.S. economy grew at a slower rate than previously thought in the fourth quarter…
The escalating conflict in Iran may no longer be contained to the Middle East, as it threatens to deliver a direct hit to the American pocketbook. As oil prices surge and global flight paths are redrawn, international carriers are already raising fares. While U.S. airlines have not yet raised prices,…
Energy Secretary Chris Wright on Thursday said that while the U.S. Navy may soon be in a position to escort oil tankers through the Strait of Hormuz to protect them from attacks by Iran, the Navy isn’t yet ready to do so. Wright said in an interview on CNBC’s “Squawk Box” that…
General Motors has issued a recall affecting more than 17,000 vehicles over a rear toe link fracture that increases the risk of a crash. The recall from General Motors applies to about 17,050 Buicks due to a rear toe link fracture that can cause loss of vehicle control, increasing the…
BARTOW, Florida – Florida is facing its worst drought in 25 years, intensifying pressure on a citrus industry already battered by disease, hurricanes and rising costs. According to the U.S. Drought Monitor, 100% of the state is experiencing some level of drought, with more than 75% in extreme drought conditions. The…
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The Labor Department’s latest jobs report showed that American workers’ wage gains are continuing to outpace stubbornly high inflation. The Bureau of Labor Statistics released its jobs report for February Friday, which showed that workers’ average hourly…
