Economy
Latest in Economy
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2026-10-24 12:01:45.242 • by
Alice Ibarra
As winter approaches, Maine families are confronting record-high heating oil prices, making it the most expensive season ever. With half of the state's homes relying on fuel oil, the crisis is severely impacting rural areas like Aroostook County, where low incomes and long distances exacerbate the struggle. Fuel dealers are operating at a loss, non-profits are overwhelmed with aid requests, and residents are forced to make impossible choices between heat and other necessities. The soaring costs have made the economy a top issue for voters, with politicians scrambling to offer solutions amidst widespread hardship.
2026-09-14 12:01:25.462 • by
Alfred Ignacio
The Federal Reserve is set to raise interest rates to combat inflation, but officials are increasingly concerned that the massive, insatiable demand from the AI infrastructure boom could render traditional monetary policy ineffective, leading to prolonged price pressures.
2026-09-10 18:01:04.318 • by
Amanda Ireland
Trouble in the US bond market, fueled by inflation, geopolitical tensions, and national debt, threatens to make loans and everyday costs permanently higher for American consumers.
2026-06-13 00:01:02.558 • by
Alice Ibarra
Elon Musk became the world's first trillionaire after SpaceX's IPO, but a former US Labor Secretary argues this milestone reveals a broken capitalist system based on hype, self-dealing, political connections, and rigged markets, potentially at the expense of ordinary investors.
2026-05-12 18:01:50.284 • by
Amy Ivanov
U.S. consumer prices climbed sharply last month, driven by soaring gasoline costs linked to the ongoing Iran war. This inflation is eroding wage gains, squeezing American households, and is poised to be a major political issue.
2026-04-16 12:00:56.086 • by
Abigail Isaacson
Americans are facing severe financial hardship due to rising global fuel prices, a direct consequence of the US and Israel’s war on Iran. Families are making impossible trade-offs, from accessing essential medicines and groceries to risking homelessness, as the cost of living spirals out of control.
2026-04-07 00:01:34.552 • by
Alfred Ignacio
U.S. stocks saw hesitant gains Monday as markets braced for President Trump's deadline to potentially bomb Iranian power plants, a conflict that has already driven up oil prices and sparked inflation concerns, despite a positive U.S. jobs report.
2026-04-06 12:01:38.789 • by
Amy Ivanov
Asian markets mostly rose Monday, despite investor concerns over the ongoing Iran war and fluctuating oil prices. The global focus on crude prices has prompted nations like Japan and South Korea to take proactive measures, including seeking alternative energy routes and releasing reserves, amidst a climate of heightened uncertainty.
2026-03-12 18:00:49.168 • by
Amir Izad
US mortgage rates climbed this week, with the average 30-year fixed rate hitting 6.11%, as investor concerns over the economic impact of President Trump's conflict with Iran threaten housing affordability and the upcoming spring homebuying season.
2026-03-11 18:01:13.389 • by
Albert Inestein
February saw stubbornly high inflation, but the true economic shockwave is imminent. A U.S.-Israeli attack on Iran is poised to send energy costs soaring, threatening the highest inflation spike in four years, challenging the Federal Reserve, and potentially crippling consumer spending.
