President Joe Biden was in corn state Iowa Tuesday to announce he’ll suspend a federal rule preventing the sale of higher ethanol blend gasoline this summer as one way to possibly bring down prices at the pump. Such action will …
Executives from major oil companies defended themselves on Wednesday at a long U.S. House hearing on high gasoline prices, as Democratic lawmakers asked pointed questions. Democratic Rep. Diana DeGette of Colorado, who chairs the House Energy and Commerce Committee’s subcommittee …
Oil company executives will be on the hot seat Wednesday at a House subcommittee hearing as U.S. consumers across the country allege gasoline price gouging at the pump, where drivers last month paid record-high prices per gallon for the fuel. …
The numbers: The S&P CoreLogic Case-Shiller 20-city price index posted a 19.1% year-over-year gain in January, up slightly from 18.6% the previous month. On a monthly basis, the index increased 1.8% between December and January. Meanwhile, the Case-Shiller national home price index …
Mortgage rates are racing toward 5% as the Federal Reserve’s expected trajectory for future rate hikes becomes clearer. The average rate on a 30-year fixed-rate mortgage was 4.42% as of the week ending March 24, representing an increase of 26 …
Inflation in the U.K. reached a new three-decade high in February, accelerating to a 6.2% annual rate, and is expected to rise further in the coming months on higher energy and other commodity prices. This is the highest rate since …
Hi, MarketWatchers. Don’t miss these top stories. ‘People have a lot of options. They have Amazon. They have Walmart:’ IRS chief says his agency competes with big-box stores for staff ‘I can only encourage people so much to come on …
DoorDash Inc. on Tuesday became the latest on-demand app to say it is trying to help alleviate the pain its workers are feeling from higher gas prices. The delivery-app platform said beginning Thursday, all its U.S. drivers can get 10% …
After two tough, COVID-filled years, Carol McCoy was looking forward to a relaxing getaway. McCoy works as a registered nurse in Pompano Beach, Fla., and wanted to recharge. So last fall, she planned a trip to Cassadaga, Fla., also known …
A day after Russia began its invasion of Ukraine on Feb. 24, the Moscow Exchange closed for stock trading. It has yet to reopen. The iShares MSCI Russia ETF ERUS, -25.51%, managed by BlackRock, was down 81% for 2022 through …
Uber Technologies Inc. is imposing a temporary surcharge on U.S. customers to soften the blow to drivers from mounting gas prices. The fuel surcharge goes directly to drivers, the ride-sharing and food-delivery company said Friday. It ranges from 45 cents …
Americans are facing a new record-high national average gas price — the average price has surpassed July 2008 highs — as Russia’s war on Ukraine continued to rage and roil commodity markets in America. Over the weekend, the national average …