Energy industry advocates are warning that aggressive green energy demands and climate-driven lawsuits are driving up costs for American consumers while weakening U.S. energy independence.
Drivers in North Carolina are enjoying some of the lowest gas prices in the nation as Labor Day weekend approaches. The statewide average for a gallon of unleaded fuel is $2.86—roughly 30 cents below the national average of $3.16, according to the American Automobile Association (AAA).
New single-family home sales declined slightly in July, but still exceeded economist forecasts thanks to aggressive builder incentives and price reductions. The Commerce Department reported a seasonally adjusted annual rate of 652,000 units sold, down 0.6% from June and 8.2% year-over-year. Economists surveyed by Bloomberg had anticipated a slower pace of 630,000.
The Federal Reserve on Friday officially ended its 2020-era policy that allowed inflation to run above 2 percent, a move intended to restore credibility and simplify its economic framework after years of persistent inflation. The announcement came during Chair Jerome Powell’s speech at the Kansas City Fed’s annual Jackson Hole conference.
President Donald Trump warned 17 major pharmaceutical companies on Thursday that they must lower prescription drug prices or face undisclosed punitive measures. The ultimatum follows his recent executive order aimed at bringing U.S. drug costs in line with prices in other developed nations.
U.S. import prices rose just 0.1 percent in June, signaling continued stability in global goods prices and offering no new signs of inflation from overseas markets. The latest data from the Bureau of Labor Statistics show minimal price pressure from foreign producers, reinforcing confidence in international supply chain steadiness.
Amazon CEO Andy Jassy confirmed Monday that recent tariffs on Chinese imports have not caused significant price increases on the company’s platform. Speaking on CNBC’s Mad Money, Jassy credited strategic inventory moves and competitive seller behavior for keeping prices stable, reinforcing arguments that tariffs do not necessarily fuel inflation as critics long claimed.
California’s once-booming economic engine is now flashing warning signs, according to the American Legislative Exchange Council’s latest “Rich States, Poor States” report. While the Golden State still ranks high in historical economic performance, its future outlook continues to darken under the weight of taxes, regulatory overreach, and declining private-sector employment.
