American households are spending an average of $447.19 a month more in engine fuel since the Iran War began, Moody’s Analytics told CNBC. That totals an extra $60 billion out of pocket nationwide.
Tag: U.S. Economy
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CREDIT CARD DELINQUENCIES ARE THE MOST IN 15 YEARS
Credit card accounts 90 days or more behind on payments rose to 13.12 percent in this year’s first quarter, the most since 2011 during the throes of the Great Recession, according to the Federal Reserve Bank of New York.
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U.S. CONSUMERS ARE ABOUT TO RUN OUT OF CASH, ECONOMISTS WARN
With money from tax refunds ebbing and the Iran War’s energy shock permeating the economy, American consumers will enter a cash crunch in coming months, economists and business leaders are warning.
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MARKET OVERVIEW
The three major U.S. stock indexes all closed last week at record highs after setting new intraday records as well.
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MARKET OVERVIEW
Investors took hope from signs that the U.S. and Iran were moving closer to a peace agreement.
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SPOTLIGHT: U.S. HOUSING MARKET UPDATE
The number of purchase contracts for U.S. homes grew by 1.4 percent in April from March, beating analysts’ forecast of a 1-percent bump, the National Association of Realtors (NAR) reported.
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TOP TREND 2026: DOT-COM BUST 2.0
A new Wall Street stock rally began in April when a nominal ceasefire in the Persian Gulf War lured traders back into the market.
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CFTC PROBES POSSIBLE INSIDER OIL TRADES
On 23 March, immediately before Donald Trump announced a delay in his threat to bomb Iran’s energy infrastructure, more than $800 million in oil futures were traded on the U.S. and global markets.
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U.S. CONGRESS CONSIDERS ANNUAL FEE FOR EVs
The U.S. Congress is considering imposing a $130 annual federal fee for all-electric passenger vehicles (EVs) and $35 for plug-in hybrids (PHEVs) under a bipartisan bill introduced last week.
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WALMART AND ITS CUSTOMERS FEEL THE FUEL SQUEEZE
Walmart customers are limiting their gasoline purchases, the retail chain said last week as it warned of rising prices along its store aisles.