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Economy Wednesday, September 30, 2026
Indiana governor extends gas tax suspension
Indiana Gov. Mike Braun (R) said Wednesday he is extending his state’s gas tax suspension as fuel prices elevate due to the ongoing war in Iran “Today I announced another gas tax extension with additional relief for farmers,” Braun said in a post to social platform X. “Our farmers have the hardest…
Uranium Term Prices Hit A Record... So Why Is Nuclear Getting Nuked?
Uranium Term Prices Hit A Record... So Why Is Nuclear Getting Nuked? If you only looked at the price of the fuel, you'd think the nuclear trade has never been better. Long-term uranium prices are sitting at $96/lb, an all-time record and up ~12% YTD, taking out the $95/lb high set in mid-2007 at…
Cars have become unaffordable for many Americans. Here’s what the numbers show.
At today’s prices and rates, even the average used vehicle can exceed some commonly used affordability measures.
The $40 trillion uniparty
Happy $40 trillion national debt to all who celebrate! We hear from low-rent pundits regularly that the federal government is run by a “uniparty.” They typically mean that both parties support unfettered immigration and cultural leftism, are subservient to Israel, or a variety of other false…
Fed's Kashkari says inflation is 'still too high' even after softer-than-expected PCE data, labor market is 'pretty good'
Kashkari sat down with CNBC's Steve Liesman for an exclusive conversation Wednesday night.
Social media melts down over minor Trump policy change on student loans
A minor change to student loan policies has been in the works ever since the One Big Beautiful Bill Act was signed into law in July 2025. This week, a left-wing media outlet prompted an online meltdown after it recycled its wildly misleading reporting about the change — and immediately went viral…
Fetal tissue supplier billed $765 procurement fee per organ, warns records could imply illegal sales: records
Records obtained by David Daleiden’s Center for Medical Progress show UCLA purchase orders tied $765 procurement service fees to individual liver and thymus specimens
Trump SEC Accused of Letting Wall Street 'Prey On' Everyday Americans With New Proposals
The US Securities and Exchange Commission on Wednesday proposed policies that SEC Chair Paul Atkins framed as an effort to promote private market investments by retail investors—or everyday Americans—while also "protecting those investors from bad actors and fraud," but critics accused the…
Trump 'thinking about' diesel export ban, but says it could have 'negative impact' on gasoline
Trump recently said he was "very seriously" considering a diesel export ban, despite warnings from the U.S. oil industry that doing so would raise prices.
High gas prices are spurring states to waive taxes and regulations amid midterm election
State officials nationwide are focusing on rising gas and diesel prices tied to the war in Iran
WATCH: Trump announces $54 billion South Korean investment in Alaska natural gas pipeline
The investment marks the second time this week that the Republican president has sought to highlight the promise of foreign investment made possible by his administration's trade policy in states where Republican Senate candidates are in tight election campaigns.
Housing groups challenge Trump funding clawback
The National Urban League and several local housing nonprofits nationwide challenged part of the Trump administration’s last-minute cancellation of congressionally appropriated funds. The lawsuit, filed Tuesday night in the U.S. District Court for the District of Columbia, focuses on one portion…
Ohio Lawmakers Succeed in Passing Bill to Suspend Gas Tax
While Ohio drivers are seeing increasingly high gas prices, state lawmakers just moved a step closer to providing some relief. On Wednesday, both chambers of the Ohio General Assembly approved House Bill 519, temporarily suspending the state’s gas tax for 90 days, which could get drivers lower…
10-year Treasury yield is higher as traders look past inflation data, await jobs report
Treasury yields were lower on Wednesday following the release of lighter-than-expected U.S. inflation data.
Pending home sales are falling, but the slowdown isn’t hitting every market
Falling pending sales are revealing a more uneven housing market
Fed watchdog clears former chair Powell in renovation probe
A Federal Reserve watchdog found no criminal wrongdoing by former chair Jerome Powell in its investigation of the central bank's expensive headquarters renovation, according to a report released on Wednesday. Why it matters: The findings effectively clear Powell after the Justice Department opened…
Crude oil exports through the Strait of Hormuz hit prewar levels, but fuel shipments remain constrained
It is unclear how long the recovery can be sustained given that it relies on the U.S. military protecting tankers in the Persian Gulf.
How Regulation, Immigration Policy, and Tariffs Made Your BLT More Expensive
A BLT looks simple, but bacon rules, lettuce labor shortages, and tomato tariffs show how government meddling can make even lunch more expensive.
Liberal stronghold set to adopt eye-popping minimum wage amid business exodus
Seattle will raise its minimum wage to $22.14 by 2027, but rising labor costs have already contributed to the closure of 450 local restaurants.
US Fed watchdog finds no criminal wrongdoing in Powell-era renovation costs
Trump said former Fed chair Jerome Powell should resign anyway.
Nearshoring growth collides with tightening US-Mexico trucking capacity
US-Mexico investments continue to reshape North American supply chains even as companies confront growing challenges across the border. The post Nearshoring growth collides with tightening US-Mexico trucking capacity appeared first on FreightWaves.
Federal employees and retirees are thinking about both today’s challenges and tomorrow’s government
"I don't know if we will see a renewal of additional RIF actions coming into this next fiscal year or next year. My hope is no," said John Hatton.
Trump's latest global tariffs face trade court challenge
The Trump administration says the tariffs respond to countries failing to effectively ban the trade of goods produced using forced labor practices.
U.S. Oil and Gas Production Climbs Despite Extreme Oil Price Volatility
U.S. oil and gas production increased among firms surveyed by the Dallas Fed in Q3, but crude’s swing from $67 to $107 per barrel in less than three months has left producers struggling to decide where prices are headed. Oil and gas output rose during the quarter among exploration and production…
For the same ticket on StubHub, different prices for different people
The same seat at Harry Styles’ recent MSG concert could cost $455. Or it could cost $517. The difference comes from the fees that ticket broker StubHub adds.
The market search for balance sheet cash cow 'quality' stocks is shifting with mega AI spend
With AI spending consuming the cash of the market's richest companies, balance sheet metrics led by free cash flow are getting more investing attention.
Inside Man: How Chinese spies used lies, love and betrayal to target the Federal Reserve
A CNBC investigation shows how former Fed advisor John Rogers became entangled with a man U.S. officials identify as a Chinese intelligence operative.
EPA to 'reconsider' air quality rules as Texas faces diesel price 'disaster'
Diesel costs nearly $6.40 per gallon on average nationally, according to AAA. The fuel cost roughly 84 cents a month ago and about $2.76 a year ago.
New SNAP rules take effect Oct. 1, raising fears of more benefit cuts
More than 5 million Americans have lost food-stamp benefits since 2025. "I have to prove that I'm sick," one SNAP recipient said.
NextEra-Dominion merger could jack up electricity prices, lawmakers warn
Lawmakers are warning that a massive energy industry merger could lead to higher costs for ratepayers.
Sex, Spies, And The FOMC: How Beijing Turned A Senior Fed Economist Into Its "Inside Man"
Sex, Spies, And The FOMC: How Beijing Turned A Senior Fed Economist Into Its "Inside Man" For years, conspiracy theorists have insisted that the Federal Reserve is run for the benefit of a foreign power. It turns out they were - at worst - only half wrong: it's just that the foreign power in…
Treasury launches student loan support center as new data show 9.3 million borrowers in default
The Trump administration announced on Wednesday that it was launching a "Default Loans Support Center" for student loan borrowers who've fallen behind.
Oil Hits Session High After DOE Shows Lowest Midwest Gasoline Stocks On Record
Oil Hits Session High After DOE Shows Lowest Midwest Gasoline Stocks On Record Oil prices rose to session highs after today's DOE inventory data refuted the latest cheerful API prints from Tuesday afternoon. Instead of the API-reported builds in distillates and gasoline, the DOE said that in the…
EIA Reports Crude Build as Diesel Stocks Fall 14% Below Average
Crude oil inventories in the United States saw an increase of 900,000 barrels during the week ending September 25, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The increase brings commercial stockpiles to 427.3 million barrels, according to…
Core PCE Prints Cooler Than Expected Due To Change In Methodology, As Savings Rate Plunges To 3 Year Low
Core PCE Prints Cooler Than Expected Due To Change In Methodology, As Savings Rate Plunges To 3 Year Low Ahead of today's closely watched core PCE report - the Fed's (reportedly) favorite inflation indicator (although that will probably shift to Truflation after Kevin Warsh's task force is done…
The Real Story About Gas Prices, National Security, and the Economy
While the American military action in Iran has been a source of many benefits to the U.S., a collateral negative effect has been the increase in world oil prices and the associated increase in gas prices at the pump for U.S. consumers. However, things may not be as dire as many would lead you to...
Inflation cooled slightly last month even as consumers stepped up spending
Inflation slowed a bit last month as Americans ramped up their spending, though price gains remained elevated and are a challenge for many voters as the midterm elections approach
US Futures, Treasuries Flat Ahead Of Core PCE, Micron Earnings
US Futures, Treasuries Flat Ahead Of Core PCE, Micron Earnings Futures are higher with S&P leading both tech and small caps ahead of today's core PCE data and Micron earnings after the close, as yields remain sticky, unchanged from yesterday's multi-decade highs, and the USD fractionally lower. As…
Analysts Cut China's Q4 Crude Import Forecasts by 400,000 Bpd
China is not expected to materially boost its crude oil imports through the end of the year as oil prices surged above $100 per barrel again and independent refiners struggle to procure cheaper supply amid the near-disappearance of Iranian barrels. China is on track to import roughly the same…
Trump’s shift from 'Housing First' causing upheaval for homelessness programs
The Trump administration is shifting federal policy and dollars away from the “Housing First” approach that has been at the heart of federal homelessness policy
Filing Taxes Will Cost Americans $544 Billion This Year
The complexity and burden of the tax code add insult to injury.