Ohio drillers produced 22.2 percent more oil last year than in 2023, but coal production fell 9.7 percent, according to a new report from the Ohio Department of Natural Resources. Overall, the state’s mineral resources produced $1.7 billion worth of geologic commodities, which also include products such as sand and gravel, in 2024. It’s the [...]
NEW YORK (AP) — Pharmaceutical companies have agreed to slash the Medicare prices for 15 prescription drugs after months of negotiations, reductions that are expected to produce billions in savings for taxpayers and older adults, the Trump administration said. The net prices it unveiled for a 30-day supply of each drug, however, are not what [...]
Existing-home sales are projected to rise by around 14 percent in 2026, according to National Association of Realtors Chief Economist Lawrence Yun. Yun earlier this month delivered his 2026 housing outlook during the Residential Economic Issues and Trends Forum at NAR NXT, The Realtor Experience in Houston. He said he expects sales to increase due [...]
WASHINGTON (AP) — The National Park Service last week said it is going to start charging the millions of international tourists who visit United States parks each year an extra $100 to enter some of the most popular sites, while leaving them out of fee-free days that will be reserved for American residents. The announcement [...]
The average rate on a 30-year mortgage ended a three-week streak of increases, reflecting a pullback in long-term U.S. Treasury bond yields. The average long-term mortgage rate last week fell to 6.23 percent from 6.26 percent the previous week, mortgage buyer Freddie Mac said. A year ago, the rate averaged 6.81 percent. Five weeks ago, [...]
NEW YORK (AP) — Foreign small businesses are struggling to adapt since the United States ended the “de minimis” exemption on Aug. 29, which allowed imports under $800 to be tariff-free. Eliminating the exemption was meant to curb drug trafficking and stop low quality goods from flooding the U.S. market, but small businesses have been [...]
The Federal Housing Finance Agency is increasing the size of home loans that the federal government can guarantee against default as it takes into account rising housing prices. Beginning next year, mortgage buyers Fannie Mae and Freddie Mac will be able to acquire loans of up to $832,750 on single-family homes in most of the [...]
WASHINGTON (AP) — A health-care proposal circulated by the White House last week is running into the reality of Republican divisions on the issue — a familiar struggle for a party that has been trying to scrap or overhaul the Affordable Care Act for the past 15 years. The tentative proposal from President Donald Trump [...]
WASHINGTON (AP) — Consumers were less confident in the economy in November in the aftermath of the federal government shutdown, weak hiring and stubborn inflation. The Conference Board last week said that its consumer confidence index dropped to 88.7 in November from an upwardly revised October reading of 95.5, the lowest reading since April, when [...]