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Oil Has Biggest 1-Day Drop In More Than 2 Years

Posted: 05/06/2011 - Oil plunged nearly 9 percent to settle below $100 per barrel. Investors who had ridden a months-long rally fled the market Thursday because of concerns about weakening demand for fuel in the U.S.

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Economy Slowed By High Gas Prices, Bad Weather

Posted: 04/28/2011 - The economy slowed sharply in the first three months of the year as high gas prices cut into consumer spending, bad weather delayed construction projects and the federal government slashed defense spending by the most in six years.

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Bernanke To Reporters: Fed Has Limits

Posted: 04/28/2011 - Maybe we are expecting too much from the all-powerful Fed, but Chairman Ben Bernanke acknowledged Wednesday, in his first regularly scheduled news conference, that there are limits to the central bank’s powers.

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Another Jump At The Pump

Posted: 04/25/2011 - The government will release the latest average price of gas Monday, and it's expected to mirror what many already believe, and what the Lundberg Survey confirmed, that gas is getting still more expensive.

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Obama Says New Task Force Will Examine Gas Prices

Posted: 04/22/2011 - President Barack Obama said Thursday that the Justice Department will try to "root out" cases of fraud or manipulation in oil markets, even as Attorney General Eric Holder suggested a variety of legal reasons may be behind gasoline's surge to $4 a gallon.

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Oil Rises Above $110 Per Barrel

Posted: 04/20/2011 - Oil is climbing above $110 per barrel as the dollar weakened and the government reported an unexpected drop in U.S. crude supplies.

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Fed Unveils Proposal On U.S. Mortgage Standards

Posted: 04/20/2011 - Lenders would be required to make sure prospective borrowers have the ability to repay their mortgages before giving them a loan, under a proposal released by the Federal Reserve on Tuesday.

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McDonald’s Hiring Day Draws Crowds, High Hopes

Posted: 04/20/2011 - McDonald's Corp. for years has fought back against critics who complain it's making people fat. On Tuesday, it went on the offensive against those who assail it as a lousy place to work.

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Gov. Perdue To Veto Jobless Benefits, Cuts

Posted: 04/16/2011 - North Carolina Gov. Beverly Perdue is vetoing legislation that would keep unemployment benefits flowing for about 37,000 long-term jobless workers but also force her to accept a double-digit budget cut.

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Rich Will Spend More, But Value Still Key

Posted: 04/16/2011 - Rich Americans are expected to spend an extra $26.6 billion on luxury goods this year but they will do so with an eye toward value as the country recovers from recession, a poll released on Friday found.

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Poll: Are Your Taxes Fair? Most Say Yes

Posted: 04/14/2011 - People love to complain about paying taxes, but an Associated Press-GfK poll suggests most Americans actually think the taxes they pay are fair.

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NC Governor Vetoes Health Plan, Student Loan Bills

Updated: 04/14/2011 - Gov. Beverly Perdue has vetoed two bills, including one that would have required monthly premiums for all active North Carolina state workers and teachers for health insurance.

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Uncertainty Might Be Biggest Shutdown Cost

Posted: 04/02/2011 - "If they can't get their act together in Washington, it creates a psychology that could be very damaging to financial markets and to consumer confidence."

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Obama Talks Energy Policy As Gas Prices Climb

Posted: 03/31/2011 - Seeking to show he understands the burden of rising gas prices, President Barack Obama set an ambitious goal of reducing U.S. oil imports by one-third by 2025, and vowed to break through the political gridlock that has stymied similar initiatives for decades.

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