×

Money & Markets

Gasoline costs 50% more in the US than it did before the Iran war

NEW YORK — The price of a gallon of regular gasoline climbed 31 cents in the past week, spiking to an average of $4.48 per gallon Tuesday, according to AAA, hitting the wallets of drivers after rising 50% since the war with Iran began. The main reason drivers are paying more at the pump is ...

Gas prices eclipse $4 a gallon in the US, the highest since 2022

NEW YORK — U.S. gas prices jumped past an average of $4 a gallon for the first time since 2022 on Tuesday, as the Iran war continues to push fuel prices higher worldwide. According to AAA, the national average for a gallon of regular gasoline is now $4.02 — over a dollar more expensive ...

War with Iran delivers another shock to the global economy

WASHINGTON — The war with Iran is doing collateral damage to the world economy. The conflict is driving up energy and fertilizer prices; threatening food shortages in poor countries; destabilizing fragile states such as Pakistan; and complicating options for the inflation fighters at ...

Wall Street sinks as Trump threatens 8 European countries with tariffs

NEW YORK — Stocks slumped on Wall Street Tuesday after President Donald Trump threatened to hit eight European countries with new tariffs as tensions escalate over his attempts to assert American control over Greenland. The losses were widespread, with nearly every sector losing ground. ...

China buys several shiploads of U.S. soybeans ahead of Trump trade meeting

U.S. soybean farmers and lawmakers said the Chinese purchase of several shiploads of U.S. soybeans indicated a positive step in trade negotiations between the two counties. Reuters reported Wednesday that COFCO, a Chinese state-owned food processing company, purchased about 180,000 metric ...