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economy

Sustainable farmers close price gap as war drives cost up

MISSOULA, Montana — Rising grocery prices have made sustainably farmed food look more within reach for some shoppers, according to local producers. A 2021 study in the journal PLOS-ONE found high prices were a major reason people did not buy more organic products. As costs have climbed for farm inputs

At gas stations, Americans say they're 'paying the price' of Iran war

At gas stations, Americans say they're 'paying the price' of Iran war

At a gas station in the Washington suburbs, drivers confronted the harsh domestic repercussions of the war on Iran, as spiking fuel prices hit household budgets hard. Jeanne Williams, 83, had just driven 100 miles (160 kilometers) from Richmond, Virginia, where she was visiting her elder sister. "That is

OpenAI raises $122 billion in boosted funding round

OpenAI raises $122 billion in boosted funding round

OpenAI on Tuesday said that the startup was valued at $852 billion in a freshly closed funding round that raised $122 billion. The eye-watering level of funding came in higher than originally projected, reflecting the surging costs of computing power and arriving amid lingering questions about whether OpenAI and

Customs to return $120 billion in tariffs to importers in first phase

(The Center Square) – The federal government is preparing to return an estimated $166 billion in tariff revenue after the U.S. Supreme Court struck down President Donald Trump's sweeping import taxes. As Customs and Border Protection develops a new system to process the massive payouts, the decision has

US stocks surge on hopes Iran war will end soon

US stocks surge on hopes Iran war will end soon

Wall Street stocks rocketed higher Tuesday while oil prices retreated after Iran's president said his country had the "necessary will" to end the war with the United States and Israel, lifting hopes that a resolution was in site. President Masoud Pezeshkian, in a phone call with

Republicans prep for second 'big, beautiful bill' to fund ICE, Iran conflict

(The Center Square) – In a hyper-partisan Congress that’s facing midterm elections, Republicans in both chambers have united on a plan to pass a second budget reconciliation bill before the balance of power potentially changes. Their previous reconciliation bill, the “One Big Beautiful Bill,” focused primarily on President Donald

April Mortgage Outlook: It’s Not Good

April Mortgage Outlook: It’s Not Good

March was a tough month on many fronts, and that includes mortgage rates. At the end of February we saw the lowest 30-year averages since September 2022. A mere four weeks later, average rates are about 40 basis points higher — that's almost half a percentage point (a