U.S. Import Prices Jump 0.9% In August, Much More Than Expected

Import prices in the U.S. saw another notable increase in the month of August, according to a report released by the Labor Department on Tuesday. The Labor Department said import prices climbed by 0.9 percent in August after jumping by an upwardly revised 1.2 percent in July. Economists had expected import prices to rise by […]

Oil, gas prices slip as Hurricane Laura makes landfall

Battling Hurricane Laura’s extreme winds FOX Business’ Jeff Flock tracks Hurricane Laura from Lake Charles, Louisiana. Oil and gas prices were lower Thursday morning after Hurricane Laura made landfall in Cameron, Louisiana, as a Category 4 storm. Continue Reading Below West Texas Intermediate crude oil was down 8 cents at $43.31 per barrel while RBOB […]

Egg producer gouged prices when pandemic hit, lawsuit says

Fox Business Flash top headlines for August 11 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. One of the country’s largest egg producers illegally inflated prices when the pandemic hit New York, taking in $4 million as it charged up to four times more per carton, state Attorney General Letitia […]

US home prices increase 4% in April

Home prices up 4 percent in April; does strong housing report indicate possible boom? With mortgage rates lowering should investors look for boom in the real estate market? WASHINGTON — U.S. home prices gains accelerated in April even as sales have stumbled, a sign the coronavirus outbreak has had little impact on real estate values. Continue […]

Oil prices spike as Chinese demand snaps back

Despite coronavirus demand dip, cheap oil ‘isn’t here to last’: OPIS analyst OPIS energy analyst Tom Kloza argues oil prices will recover next year. Oil prices surged Thursday after Chinese data showed a rebound in crude imports. Continue Reading Below Beijing imported 42.82 million tons of crude oil in April, or the equivalent of 10.42 […]

Oil prices tumble, putting 5-day winning streak in jeopardy

Trump always looking out for oil industry workers: White House press secretary White House press secretary Kayleigh McEnany says President Trump’s administration is filling the strategic petroleum reserve. Get all the latest news on coronavirus and more delivered daily to your inbox.  Sign up here. Continue Reading Below Oil prices pared their losses after a […]

Egg prices hit record levels as pandemic buying boosts demand in America

Dr. Fauci: Several coronavirus vaccines are at different testing stages National Institute of Allergy and Infectious Diseases director Dr. Anthony Fauci discusses social distancing and the trials that go into testing vaccines. WASHINGTON (Reuters) – Increased demand for eggs in the United States has sent egg prices soaring in recent weeks as consumers scramble to […]

Oil prices sink as crippled demand outweighs stimulus hopes

Saudi Arabia, Russia trying to ‘drown’ US in oil price war: Harold Hamm Continental Resources Executive Chairman Harold Hamm on the oil price war. Oil prices fell on Thursday after three sessions of gains as restrictions on travel worldwide crimped fuel demand, with U.S. crude futures plunging about 4% after the United States scrapped plans […]