Rise in gas prices from Iran war could have helped inflation hit a 3-year high

U.S. inflation surged to a three-year high in part because of skyrocketing gas prices as consumer prices exceeded 4% in May’s overall inflationary spike.

US existing-home sales jump to highest level since December

Sales of existing U.S. homes rose sharply in May, climbing 3.2% from April and 3.2% from a year earlier to a seasonally adjusted annual rate of 4.17 million units.

Dog among 2 new screwworm cases; Canada blocks Texas livestock imports

The U.S. Department of Agriculture (USDA) on Monday confirmed two additional cases of New World screwworm, widening a multi-agency response that has already triggered international trade restrictions.

This gas buying trend indicates financial stress, top industry executives say

Industry executives said that while spending among U.S. consumers hasn't stopped, many people are changing their habits, particularly at the gas pump. More Americans are choosing to top up their gas, instead of filling it, as well as visit the gas station more frequently over fears of increased prices.

Screwworms in Texas: What an infestation means for livestock, beef supply and the economy

The return of the flesh-eating screwworm fly in Texas has ranchers and government agencies scrambling to contain what could threaten a $113 billion cattle industry in the U.S.

Mortgage rates are moving again: What homebuyers need to know

U.S. mortgage rates eased this week from their highest level in nine months, offering modest relief to prospective homebuyers.

172,000 jobs added in May as US job market remains resilient despite Iran war

Employers in the United States added 172,000 jobs in May, almost doubling the number forecasters predicted. However, the unemployment rate remains low at 4.3%. 

USDA confirms first US case of flesh-eating screwworm in Texas, triggering quarantines

Federal agricultural officials on Wednesday confirmed the first U.S. case of the destructive New World screwworm in a Texas calf, triggering emergency quarantine measures and sparking a sharp political clash over the adequacy of the government's response.

Top CEOs brace for downturn, warn US economy will worsen in next 6 months

CEO confidence plummeted in just one quarter, as corporate leaders report worsening economic conditions and a shrinking hiring plan, according to a recent survey.

Social Security fears: Researchers predict benefit drops by state if trust fund runs dry

Tens of millions of Americans will soon face significantly smaller Social Security payments if the U.S. government does not take steps to protect the program, and new research estimates just how much smaller those monthly checks could be.

American Airlines suspends 4 LAX routes over fuel costs

Rising fuel costs are forcing airlines to make tough decisions. American Airlines is temporarily suspending several domestic routes, including four from LAX. Here's what to know.

US gas prices over 40% higher than last year after big jump in May

The pain drivers are feeling at the pump continued into May with the cost of gas rising for the fourth straight month. Prices now sit 42.2% higher than the same time last year, with most of the country experiencing an even larger increase over that time. 

Blame this, not AI, for rising unemployment among young college graduates, study says

Despite persistent fears that artificial intelligence would take away more and more jobs, that may not be the reason a rising number of young college graduates are having trouble finding work.

New study reveals which states have the best economies

This state topped the list as the strongest state economy, fueled by innovation, STEM talent and a thriving tech sector, according to new data.