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Key inflation gauge jumps to highest level in 3 years as Iran war spikes gas prices
WASHINGTON (AP) — A key inflation measure jumped in March as gas prices soared, the latest sign that the Iran war is pushing up the cost of living and delaying any interest rate cuts by the Federal Reserve.An inflation gauge monitored by the Fed rose 0.7% in March from February, up sharply from the previous month, the Commerce Department said Thursday. Compared with a year ago, prices rose 3.5%, the biggest increase in almost three years.
Excluding the volatile food and energy categories, core inflation rose 0.3% in March from February, and it was 3.2% higher than a... Read More
Money Happens: What to do when becoming a homeowner feels out of reach
NEW YORK (AP) — Ever since graduating from high school, Tyler Jones hasn’t stopped working and doesn’t have any debt. Still, homeownership feels like an unattainable goal, only possible for past generations.“Every time I get a paycheck, it’s all already spoken for,” said Jones, a 21-year-old who works at a deli and a nonprofit in Springfield, Massachusetts. Being a homeowner is one of Jones’ dreams, and his inability to save for it frustrates him.
Currently, 65% of working-age renters can’t cover their monthly expenses after paying for housing,... Read More
Iranâs supreme leader vows to protect nuclear and missile capabilities
DUBAI, United Arab Emirates (AP) — Iran's supreme leader said Thursday that the Islamic Republic will protect its “nuclear and missile capabilities” as a national asset, likely seeking to draw a hard line as U.S. President Donald Trump presses for a wider deal to cement the war's shaky three-week ceasefire.Ayatollah Mojtaba Khamenei maintained his defiant tone since taking over following the killing of his father in the war's opening airstrikes. In a written statement read by a state television anchor, Khamenei — who has not been seen in public since becoming supreme... Read More
Oil prices whipsaw while US stocks glide near their record heights
NEW YORK (AP) — Oil prices whipsawed on Thursday and surged toward their highest levels since the war with Iran began, only for the leaps to quickly vanish. The U.S. stock market, meanwhile, is gliding following more strong profit reports from big companies like Alphabet and Amazon.The S&P 500 rose 0.2% and inched closer to its all-time high set earlier this week, as companies continue to deliver stronger profits for the start of 2026 than analysts expected despite high oil prices and uncertainty about the economy. The Dow Jones Industrial Average was up 342 points, or 0.7%, as... Read More
Weekly US jobless claims fall to 189,000, lowest in more than 5 decades
WASHINGTON (AP) — The number of Americans filing for unemployment benefits tumbled to their lowest level more than 50 years last week despite a number of economic headwinds including the war in Iran.U.S. jobless aid applications for the week ending April 25 fell by 26,000 to 189,000, down from the previous week’s 215,000, the Labor Department reported Thursday. That’s well below the 214,000 new applications analysts surveyed by the data firm FactSet were expecting.
Filings for unemployment benefits are considered a proxy for U.S. layoffs and are close to a... Read More
Top Stories
- The first direct US-Venezuela commercial flight in 7 years will head to Caracas
- Key inflation gauge jumps to highest level in 3 years as Iran war spikes gas prices
- Iranâs supreme leader vows to protect nuclear and missile capabilities
- Oil prices whipsaw while US stocks glide near their record heights
- Maine Gov. Janet Mills drops US Senate bid ahead of June 9 Democratic primary against Graham Platner
- U.S. economy grew 2% from January-March, recovering from federal shutdown; Iran war clouds outlook
- Hegseth faces a second day of lawmakers grilling him over the Iran war
- Prediction markets say they're different from sportsbooks. Gambling addicts say it's all the same
- The Black Caucus is the 'conscience of Congress.' Supreme Court ruling has it bracing for a big hit
- Supreme Court hollows out a landmark law that had protected minority voting rights for 6 decades
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Stocks
Entertainment
- Milly Alcockâs âpunk rockâ Supergirl takes flight as DC bets big on the Woman of Tomorrow
- Teens embrace social media and influencers for news but remain skeptical
- David Allan Coe, who wrote 'Take This Job and Shove It' and other country hits, dies at 86
- âMormon Wivesâ star Taylor Frankie Paul and ex-partner push for protective orders against each other
Sports
- Fulleffort scratched from the Kentucky Derby, putting Ocelli into the race
- LIV Golf has a new chairman and seeks new funding without Saudi backing
- Lindsey Vonn tells the AP she is not yet in position emotionally to decide if she will race again
- Prediction markets say they're different from sportsbooks. Gambling addicts say it's all the same