America's emergency oil reserve is at a 40-year low — and that could inflate oil prices, Goldman Sachs says
America's emergency oil stockpile has plunged to 40-year lows. The shrinking Strategic Petroleum Reserve is limiting Washington's ability to shield consumers from the fallout of Saudi Arabia's aggressive supply cuts, according to Goldman Sachs.
2023-09-28 01:53
What happens when gas is sold 'at cost'? French drivers save pennies
Two of the largest retail chains in France have announced they will forego all profit on fuel sales, yielding to government pressure to sell gasoline and diesel at cost. The savings for motorists at the pump? $1 to $2 per tank.
2023-09-27 23:50
US annual home price growth accelerates in July
By Amina Niasse NEW YORK (Reuters) -U.S. annual home price growth accelerated for a second straight month in July, signaling
2023-09-26 22:16
Want to live in London or New York? Good luck if you're renting
In May, Viveca Chow hurriedly transferred $3,700 over her phone while standing in the lobby of a building in Queens, New York. She made the upfront payment to secure an apartment minutes after seeing it.
2023-09-23 12:19
Insurance premiums could surge in these American cities because of climate disasters, new data shows
Millions of American homeowners could see insurance rates surge in the coming years in part due to worsening climate disasters, new data shows.
2023-09-20 12:45
Instacart soars 40% in its trading debut
Instacart started trading Tuesday, opening at $42 per share and propelling the grocery-delivery company to a market valuation of just over $11 billion.
2023-09-20 01:16
Gas prices hit 2023 highs as oil stays hot
Prices at the pump climbed to their highest level of the year on Monday as oil prices push past $92 a barrel.
2023-09-19 01:53
Will oil hit $100? It already did in some markets
By Alex Lawler LONDON With oil investors and traders focused on an oil-price rally that has come close
2023-09-18 21:56
How the UAW strike could affect auto sales
Now that the United Auto Workers union has started a strike, the US auto market is about to be thrown into turmoil all over again.
2023-09-15 18:24
South Korea house prices climb for second month in August
SEOUL South Korea's housing market climbed for a second straight month in August, data showed on Friday, with
2023-09-15 13:29
China's August new home prices fall at fastest pace in 10 months
BEIJING (Reuters) -China's new home prices fell at the fastest pace in 10 months in August, official data showed on
2023-09-15 10:21
In a bad omen for inflation, US oil prices top $90 a barrel for the first time this year
US oil prices climbed above $90 a barrel on Thursday for the first time in 10 months, threatening to push gasoline prices even higher and heat up inflation across the economy.
2023-09-15 08:27