Economy

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Without new pennies, state lawmakers rush to set rounding rules

By Hannah Fingerhut, Associated Press

The move by President Donald Trump end to penny production led to a shortage in cash registers last summer, forcing consumers and businesses to confront a penniless future.

Should drivers turn to EVs as the war spikes gas prices? Here's what to know

By Alexa St. John, Tammy Webber, Associated Press

Drivers of gas-powered vehicles are much more vulnerable to fluctuating prices that result from global conflict than those who charge their cars.

Trump administration starts new process to try to replace tariffs struck down by Supreme Court

By Josh Boak, Associated Press

The Trump administration on Wednesday opened a new trade investigation into manufacturing in foreign countries — an effort that comes after the Supreme Court struck down President Donald Trump’s previous use of tariffs by declaring an economic emergency.

How some states are reviving a push to tax the rich

By Kimberlee Kruesi, Geoff Mulvihill, Cedar Attanasio, Associated Press

Advocates across the U.S. are hoping a growing unhappiness of wage and wealth inequalities that have increased coming out of the COVID-19 pandemic will help more states adopt policies involve the rich paying more in taxes.

Most U.S. stocks fall as oil prices get back to rising

By Stan Choe, Associated Press

Since the start of the Iran war, sharp moves for oil prices have triggered swings up and down for financial markets worldwide, sometimes by the hour.

The Iran war and surging oil prices are affecting consumers. Here's how

By Cathy Bussewitz, Mae Anderson, Christopher Rugaber, Associated Press

You don't have to drive a car to be affected.

Wealthy nations pledge a record release of emergency oil reserves in bid to calm surging prices

By Samuel Petrequin, Kirsten Grieshaber, Associated Press

The Paris-based organization said it will make 400 million barrels of oil available from its members’ emergency reserves.

WATCH: Trump touts economic agenda, campaigns against Rep. Massie in Kentucky

By Will Weissert, Sagar Meghani, Associated Press

President Donald Trump toured an Ohio pharmaceutical company on Wednesday and planned to campaign in the nearby Kentucky district of a Republican in Congress he'd like to see defeated.

Inflation held steady last month before attack on Iran sent energy costs soaring

By Christopher Rugaber, Anne D'Innocenzio, Associated Press

Wednesday’s data has been overtaken by the conflict that began when the U.S. and Israel attacked Iran on Feb. 28, which has caused wild gyrations in oil prices as shipping lanes through the Persian Gulf have suffered a rare shutdown.