Home heating oil businesses struggle to navigate volatile market

LONDONDERRY, NH – Home heating oil firms are facing mounting cost pressures as rising crude and diesel prices tied to Middle East tensions squeeze margins and disrupt operations across New England. The recent spike follows a cold winter that boosted demand for heating oil, leaving both consumers and suppliers exposed…

Trader Joe’s frozen fried rice recalled over glass shards in 43 states

A nationwide recall has expanded to include close to 10 million pounds of frozen vegetable fried rice sold at Trader Joe’s stores in dozens of states, according to the U.S. Department of Agriculture (USDA) Food Safety and Inspection Service. Ajinomoto Foods North America Inc. announced a recall of 9,885,240 pounds…

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Mortgage rates rise to 6.22%: Freddie Mac

Mortgage rates jumped this week to the highest level in nearly four months, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 6.22% from last week’s reading…

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Dell cuts workforce by 10% for third straight year

Dell’s workforce has fallen by 10% for a third year in a row, according to annual reports filed Monday.  As of Jan. 30, the Texas-based tech giant reported a headcount of 97,000 employees, down roughly 11,000 from its previous year of 108,000. The reductions were primarily driven by cost-cutting measures, including…

US median asking rent hits 4-year low in February

American renters got some price relief in February as the national median asking rent dipped to the lowest level in four years, with some metro areas seeing notable declines. An analysis by Realtor.com found that the median asking rent for 0 to 2-bedroom properties in the 50 largest metro areas declined…

NY school district finds electric buses cost 9 times more than diesel

School districts in several states are facing mandates to incorporate electric buses into their school bus fleets, with the EVs bringing with them different operating costs and posing new challenges. Several states, including New York and California, have implemented requirements that school districts buy zero-emission school buses with their new purchases.…

Cruise lines hit by rising fuel costs as Iran war drives oil prices up

Cruise lines are facing headwinds as rising oil prices push their fuel costs higher amid the Iran war, as analysts are warning that Carnival could see the biggest hit to its 2026 profit. Oil prices have risen over 35% since the war with Iran began amid attacks on oil and transportation facilities…

Atlanta TSA union calls DHS shutdown ‘unconstitutional’ amid funding standoff

Union leaders representing Transportation Security Administration (TSA) workers in Atlanta called on lawmakers Monday to end the Department of Homeland Security (DHS) shutdown, saying the stalemate has crippled its members financially as they continue to work without being paid.  Aaron Barker, the president of AMG local 554, said the union’s…

Goldman Sachs says Iran war unlikely to trigger COVID-like supply crisis

The war in Iran is pushing oil and gas prices higher, and while the world economy faces a shock from energy prices, an analysis by Goldman Sachs finds that the conflict is unlikely to lead to a broader supply chain crisis like what occurred due to the COVID-19 pandemic. Economists at…

More than 1,800 US flights canceled as massive March storm disrupts travel

More than 1,800 flights within, into or out of the United States had been canceled as of 7 a.m. ET Monday, as a massive weather system disrupted air travel across parts of the country, according to flight-tracking site FlightAware. More than 1,200 additional delays involving U.S. flights were also reported,…

Trump admin uses Defense Production Act to restart California oil operations

The Trump administration invoked the Defense Production Act to order an oil company to restart shuttered offshore operations in California, saying the move is necessary to address oil supply disruption risks and reduce reliance on foreign crude. Energy Secretary Chris Wright on Friday directed Sable Offshore Corp., an oil and…

Egg prices drop 42% year-over-year as avian flu outbreak recovery continues

Egg prices have declined rapidly over the last year as the market normalizes following a significant avian flu outbreak that began in 2022, though the threat of a resurgence in the virus could lead to volatility later this year. The Bureau of Labor Statistics (BLS) on Wednesday reported the consumer price…

Austin Airport TSA Lines wrap outside amid DHS shutdown

Airport security lines in Austin stretched outside the door early Friday with passengers waiting hours to board their flights amid pressure on Congressional lawmakers to reach a deal to reopen the Department of Homeland Security (DHS).  Video footage posted online showed Transportation Security Administration (TSA) lines at Austin-Bergstrom International Airport…