Gasoline prices are surging ahead of Labor Day, with AAA predicting travelers will face the highest pump prices on record for the holiday weekend amid ongoing conflict in the Strait of Hormuz. The national average for regular gasoline reached $4.14 a gallon Thursday, up 4 cents from a week earlier, according to AAA data. Diesel averaged…
Treasury yields edged higher on Tuesday, extending a global bond sell-off and threatening to raise borrowing costs for millions of Americans. The yield on the 10-year Treasury, which influences mortgage rates, rose to 4.78%, up from 4.75% late Monday and the highest level since January 2025. The yield on the 2-year Treasury, which closely tracks…
July was “a wild weather month,” setting a record as the warmest month ever for the contiguous United States, the National Oceanic and Atmospheric Administration said Monday. Temperatures last month averaged 76.9 degrees Fahrenheit as above-average warmth blanketed the U.S., and several locations in Idaho, Utah, Wyoming and Montana saw all-time high temperature records since…
The U.S. stock market approached record highs on Tuesday after Treasury Secretary Scott Bessent said a deal to reopen the Strait of Hormuz could be reached within days. Investors were also cheered by strong corporate profits, with companies ranging from equipment maker Caterpillar to software company Palantir Technologies reporting second-quarter results that exceeded analysts’ expectations. …
Across months of the Iran conflict, the public continues to express three main ideas: A perceived lack of clarity about what’s happening day to day in the Strait of Hormuz. There are plenty of important goals the U.S. could seek, now that we’re in the conflict. The conflict is not going well. So today, as…
