Inflation remained unchanged in August as gas prices continued to rise amid the war with Iran, new data from the Bureau of Labor Statistics (BLS) showed Friday. The consumer price index (CPI) increased 0.4 percent last month and 3.4 percent over the same time last year. This was unchanged from July, when the annual inflation rate also sat at 3.4 percent. ...

The average price of diesel in the U.S. hit a new record Friday, as the ongoing conflict with Iran and Ukrainian attacks on Russian oil refineries strain the global energy supply. The average cost of a gallon of diesel in the U.S. was up to around $6.05 on Friday morning, according to AAA. This marks...

The U.S. 30-year mortgage rate reached a 14-month high on Thursday, as global bond yields continue to rise. The benchmark 30-year fixed mortgage rate is 6.76 percent this week, up from 6.71 percent a week ago, Freddie Mac reported Thursday. That marks the highest point for the 30-year rate since the week ending June 26,...

Bond yields ticked up slightly on Thursday, after President Trump pledged to send a $5,000 dividend to every American adult if Republicans win the midterms. The yield on the 10-year U.S. Treasury bond closed at roughly 4.96 percent, roughly 1.3 basis points above where it opened. The note closed at its highest point since April...

Sen. Cynthia Lummis (R-Wyo.) is ramping up pressure on Democrats to back the Clarity Act as it heads to the Senate floor next week for a procedural vote, highlighting the changes they have secured to the bill throughout negotiations. Lummis, who chairs the Senate Banking subcommittee on digital assets, argued Thursday that Democrats have secured...

Sales of existing homes dropped to their lowest level in more than a year last month amid rising mortgage rates and housing prices, according to a report released Thursday. The National Association of Realtors (NAR) found that sales of previously occupied homes fell by 2 percent in August from the previous month to a seasonally...

President Trump’s levies on a long, eclectic list of products from Canada have companies scrambling to figure out if their supply chains are affected.

WASHINGTON (AP) — Wholesale inflation picked up last month after cooling earlier this summer as higher oil and gas prices stemming from the Iran war keep costs elevated. The Labor Department’s producer price index — which captures inflation before it reaches consumers — rose 5.4% in August from a year ago, up from 4.8% in...

Rep. Chip Roy (R-Texas) criticized President Trump’s Wednesday proposal to give every American adult a $5,000 dividend if the GOP wins the midterms, as other Republicans have also voiced skepticism about the pledge. "Some of us think dependency is evil & soul-sucking in all its forms," Roy wrote Thursday on social platform X, pushing back...

Fox News anchor Bret Baier pressed Vice President Vance on President Trump’s pledge to give Americans $5,000 if Republicans keep control of Congress come November, saying critics would respond to the roughly $1.3 trillion payout as “bribing voters.” “I can hear the critics’ heads exploding,” Baier told Vance late Wednesday, hours after Trump made the...