A second day of declining oil prices helped lift stocks. Energy costs are a primary expense for companies, making them an important factor in inflation calculations.
Category: Prices (Fares, Fees and Rates)
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White House Faces Risk of Economic Fallout From Iran Strike
President Trump, aware of how high gas prices could affect his popularity, demanded on social media that the U.S. “KEEP OIL PRICES DOWN.”
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Global Markets Dip as Traders Gauge Fallout From U.S. Strikes on Iran
Any disruption to traffic in the Strait of Hormuz would have significant economic effects, especially for Asian nations dependent on oil from the Middle East.
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Energy Markets Wait to See if Iran Will Close the Strait of Hormuz
Crude oil futures will begin trading at 6 p.m. Eastern time on Sunday, providing an early look at the market’s reaction to the U.S. strikes.
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With ‘Elio,’ Pixar Has Its Worst Box Office Opening Ever
The original space adventure sold about $21 million in tickets at domestic theaters from Thursday night through Sunday, putting new pressure on the once-unstoppable studio.
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Palm Beach, Never Richer, Is a Draw for Young MAGA. Locals Aren’t Pleased.
Donald Trump’s presidency has turned this Florida island into the nightlife headquarters of MAGA, but the town’s old guard — much of it Republican — doesn’t love the new vibe.
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With Few Discount Airlines, Canadian Travelers Face Steeper Fares
A new report by Canada’s Competition Bureau recommends opening more of the country’s domestic airline market to foreign companies to help lower fares.
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Insurers Pledge to Ease Controversial Prior Approvals for Medical Care
Major companies had faced mounting pressure to stop denying or stalling authorization of coverage for treatments and prescriptions.
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Hybrid Cars, Once Derided and Dismissed, Have Become Popular
Automakers and car buyers are taking a second, harder look at hybrids after leaving them behind for electric vehicles.
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How Trump’s Trade War Has Whipsawed the Port of L.A.
The nation’s largest ports, in Los Angeles County, are a bellwether for the economy. They are being whipsawed as President Trump reorders global trade.
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Fed Holds Rates Steady, but Sees Higher Inflation and Lower Growth Ahead
Officials at the Federal Reserve left interest rates unchanged, as they brace for the effects of President Trump’s policies on trade, taxes and immigration.
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The Fed Isn’t Calling It ‘Stagflation,’ but the Risks Are Rising
President Trump’s trade war is likely to lead to higher prices and slower growth, a challenging combination for the Fed. War in the Middle East could make the job harder still.