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Latest Stories
Katie Zacharia picked as White House press secretary
Reuters and | Posted Oct. 9 - 2:06 p.m.
Katie Zacharia, a communications adviser for President Donald Trump's Truth Social platform, has been offered the position of White House press secretary following Karoline Leavitt's departure.
PepsiCo is raising prices on Doritos and more after a weak quarter in North America
Associated Press and | Posted Oct. 8 - 10:59 a.m.
PepsiCo plans to raise prices on some snacks and drinks and slash corporate costs after a disappointing performance in North America during the third quarter.
Jobless claims hover near 57-year low for fourth consecutive week
Reuters and | Posted Oct. 8 - 8:45 a.m.
The number of Americans filing new claims for unemployment benefits fell last week, pointing to continued labor market stability despite a sharp slowdown in job growth in September.
Treasury bond yields spike. What it means for home mortgages
Art Raymond, Deseret News | Posted Oct. 4 - 7:30 p.m.
Ten-year Treasury yields briefly surpassed 5.3% Thursday, surpassing a mark not seen since 2002 before settling back to a rate of just over 5.25%, which could have effects on mortgages.
G7 nations agree to release 100 million barrels of oil, including diesel, a boost for Trump
Collin Binkley, Associated Press | Posted Oct. 2 - 10:01 a.m.
The Group of Seven industrial nations said they agreed to release 100 million barrels of oil, starting with "substantial" amounts of diesel after it recently hit record prices in the U.S.
Inflation rises less than expected in August; consumer spending surges
Reuters and | Posted Sept. 30 - 7:07 a.m.
Inflation increased less than expected in August, which could see financial markets further reduce the odds of another interest rate increase from the Federal Reserve next month.
Job openings slipped to 7.1 million in August, but labor market remains sturdy
Associated Press and | Posted Sept. 29 - 3:20 p.m.
U.S. employers posted fewer job openings in August, but the American labor market remains resilient in the face of higher energy costs caused by the fighting with Iran.
Americans' view of the economy sinks to the lowest level since 2014, survey says
Associated Press and | Posted Sept. 29 - 11:01 a.m.
Americans' confidence in the economy sank to the lowest level in more than a decade this month as prices remain elevated and wages stagnate amid the ongoing Iran war.
St. George's gas average pushes past $5 per gallon. Is the state next?
Carter Williams, KSL | Posted Sept. 22 - 12:02 p.m.
The average price for a gallon of regular gasoline has now surpassed $5 in the St. George area, according to AAA, and the statewide average is creeping in that direction, too.
Here are the best states for saving up to make a down payment on a home
Lisa Riley Roche, Deseret News | Posted Sept. 19 - 6:33 p.m.
Higher incomes and lower prices is a combination that makes it easier to save up to buy a home, but where does Utah rank in its ability to make it easier to do so?
How much more will mortgage rates go up?
Lisa Riley Roche, Deseret News | Posted Sept. 19 - 7:11 a.m.
After mortgage rates brushed 7% this past week, people are nervously asking how much more they may rise after the Federal Reserve raised interest rates on Wednesday.
American, United prepare further capacity trims as fuel shock reshapes flying
Reuters and | Posted Sept. 17 - 12:33 p.m.
American Airlines and United Airlines are preparing to trim flying further if fuel prices remain elevated, as carriers try to protect profits from a fresh surge in costs.
Single-family housing starts rebound in August; building permits fall
Reuters and | Posted Sept. 17 - 8:36 a.m.
Single-family homebuilding increased in August, but a drop in permits for future construction suggested the improvement was likely temporary as rising inflation boosts mortgage rates.
Retail rises a better-than-expected 1.2% in August after shoppers pulled back spending in July
Associated Press and | Posted Sept. 16 - 5:04 p.m.
Consumers may be griping about higher prices at the pump and elsewhere, but they keep spending, helping to power the economy, according to the latest government snapshot.
American incomes finally top pre-pandemic levels, fighting against inflation all the way
Associated Press and | Posted Sept. 15 - 8:03 p.m.
Household income finally topped pre-pandemic levels last year, a stark sign of how the past five years of rising prices have limited Americans' earnings and purchasing power.
Inflation accelerated last month as gas prices spiked, squeezing Americans' finances
Associated Press and | Posted Sept. 11 - 8:34 a.m.
Inflation accelerated in August as gas prices spiked in the wake of renewed fighting in the Middle East, underscoring affordability challenges that are top of mind for many as midterm elections near.
Wholesale prices rise in latest sign of stubborn inflation as oil prices continue to climb
Christopher Rugaber, Associated Press | Posted Sept. 10 - 9:02 a.m.
Wholesale inflation picked up last month after cooling earlier this summer as higher oil and gas prices stemming from the Iran war keep costs elevated.
Holiday weekend sees 'sobering milestones' as US gas prices continue to rise
Art Raymond, Deseret News | Posted Sept. 9 - 10:01 a.m.
After the first August with gas prices averaging above $4 per gallon, costs hit a record on Monday and diesel set a new all-time high as global conflicts continue to disrupt the petroleum industry.
60-minute delays possible in Utah during Labor Day weekend despite record-high gas prices
VideoCarter Williams, KSL | Posted Sept. 3 - 5:04 p.m.
Utah transportation officials say Labor Day congestion could create delays of up to 30 to 60 minutes at times in some parts of the state this weekend.
Trump trade representative blames Canada for talks breaking down
Cami Mondeaux, Deseret News | Posted Sept. 3 - 2:04 p.m.
Trade representative Jamieson Greer met with House Republicans behind closed doors on Wednesday to discuss the Trump administration's latest trade policies.
Trade deficit widens in July; capital goods imports hit record high
Lucia Mutikani, Reuters | Posted Sept. 3 - 10:38 a.m.
The trade deficit widened sharply in July as strong domestic demand boosted imports, positioning trade to exert another drag on economic growth in the third quarter.
Will Trump's plans for Venezuelan oil reserves bring gas prices down?
Art Raymond, Deseret News | Posted Sept. 1 - 10:03 a.m.
President Donald Trump announced a deal Friday to open Venezuelan oil reserves in a move he promised would double U.S. oil supplies and lower gas prices. Will it actually work?
Inflation and the economy are top issues for Utah voters heading into the midterms
Cami Mondeaux, Deseret News | Posted Aug. 30 - 10:01 a.m.
The high cost of living drove the top concerns for Utahns heading into the midterm elections as more voters are unsure which party they'd be more likely to support in head-to-head races.
US stocks drift lower after expectations rise for the Fed to hike rates to get handle on inflation
Stan Choe, Associated Press | Posted Aug. 28 - 2:25 p.m.
U.S. stocks are drifting lower while expectations rise for the Federal Reserve to hike interest rates soon to get the nation's high inflation under control.
