Gas Prices Surge but Still Way Lower Than Last Year
Wilfredo Lee/AP
The average price of regular grade gasoline rose 21 cents in the past two weeks, bringing it to $2.54 a gallon, according to the Lundberg survey released Sunday.
Prices bottomed out on Jan....
TARP Draws to a Close Next Week, With Lower Costs Than Thought
After countless angry political speeches and the threat of economic collapse, the government's $700 billion bailout of banks, insurance companies and auto companies draws to a close Sunday - and it will likely ...
AIG Forced to Lower AIA Valuation as Kuwait Fund Commits $1 Billion
American International Group (AIG) has received a $1 billion commitment from Kuwait Investment Authority for AIA Group's Hong Kong initial public offering, Reuters reported, citing an unnamed source. But the Ku...
Market Wrap: U.S. Stocks Tugged Lower by Global Concerns
Seth Wenig/AP
NEW YORK -- Concerns about the world economy helped tug U.S. stocks lower on Monday as worries mount over Greece's standoff with its creditors.
Major indexes headed lower at the opening of tr...
Forecast Calls for Lower Heating Bills This Winter
Robert F. Bukaty/AP
PORTLAND, Maine -- Heating bills should drop this winter for most U.S. households thanks to a combination of lower energy prices and warmer weather across most of the country, the U.S. E...
Market Wrap: Wall Street Edges Lower as Energy Weighs
Spencer Platt/Getty Images
NEW YORK -- U.S. stocks edged lower Wednesday following comments from Federal Reserve Chair Janet Yellen, as a decline in energy shares outweighed gains in the financial sector in...
Market Wrap: Wall Street Ends Lower on Weak Trade Data
Richard Drew/AP
NEW YORK -- U.S. stocks finished sharply lower Tuesday after a surprisingly wide March U.S. trade deficit raised concerns that the economy shrank in the first quarter.
The $51.4 billion Mar...
Economy Stalls in 1Q as Weather, Lower Energy Prices Bite
Gene J. Puskar/AP
WASHINGTON -- U.S. economic growth braked more sharply than expected in the first quarter as harsh weather dampened consumer spending and energy companies struggling with low prices slashe...
With Lower Prices, Americans’ Thirst for Gasoline Surges
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LONDON -- Consumption of gasoline in the United States is surging according to estimates prepared by the Energy Information Administration.
More than 9.5 million barrels per day of gasoline we...
Market Wrap: Stocks End Sharply Lower; Energy Leads Drop
Richard Drew/APNEW YORK -- Stocks closed sharply lower Wednesday after hawkish comments from Janet Yellen boosted expectations of an interest rate hike, and oil fell below $40 a barrel.Investors also attributed...
Market Wrap: Weak Oil Prices, China Woes Drag Stocks Lower
Richard Drew/AP
NEW YORK -- Wall Street ended lower on Monday as tumbling oil prices dragged energy shares to a three-year low and factory data from China raised concerns about the world's second-biggest ec...
Why Lower Gas Prices Really Haven’t Helped Much
Charles Krupa/AP
Folks waiting for that big economic boost from lower gas prices ought to stop holding their breath.
That's because moves like the one seen since June 2014 -- down an average of 84 cents a ...