Business

South Korea wants greater missile power in face of North Korean threats

South Korea wants greater missile power in face of North Korean threats

The Russian president said that focusing exclusively on pressuring North Korea to give up its missile program is "misguided and futile". North Korea claims to have built an advanced hydrogen bomb that can be mounted onto an inter-continental ballistic missile (ICBM).


Oil prices end week flat

Oil prices end week flat

Hurricane Harvey , which brought record flooding to the US oil heartland of Texas and killed at least 35 people, has paralyzed at least 4.4 million barrels per day (bpd) of refining capacity , according to company reports and Reuters estimates.


Secretary Perry taps emergency oil stockpile for Hurricane Harvey relief

Secretary Perry taps emergency oil stockpile for Hurricane Harvey relief

One Chevron station in downtown Dallas that sold regular gas for $2.29 a gallon just before the storm was charging $2.99 Thursday. Brent crude for November settled 11 cents lower at $52.75 a barrel. Southeast, which relies heavily on Gulf supplies. They got a refill at about 10 a.m. and were drained again by 2 p.m. Energy futures are racing higher across the board as markets continued to take stock of the situation on the US Gulf coast in the wake of hurricane Harvey, especially after ...


Crude Falls as Flooding From Harvey Roils US Oil Industry

Crude Falls as Flooding From Harvey Roils US Oil Industry

The average USA price for regular gasoline at the pump rose 7 cents Thursday to $2.519 a gallon, the steepest single-day increase since April 5, 2007, according to data from AAA , the largest US motoring group. It's still a guessing game, but AAA says the prices should rebound in the short-term. With its supplying refineries closed in the area, the pipeline operator cited reduced output as the reason for suspending its transportation operations.


Checking in on this year's mortgage rates

Checking in on this year's mortgage rates

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($424,100 or less) decreased to its lowest level since November 2016, 4.11 percent, from 4.12 percent, with points increasing to 0.43 from 0.39 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.


Hurricane Harvey Tests Limits of Federal Flood Insurance Program

Hurricane Harvey Tests Limits of Federal Flood Insurance Program

A national poll by the Insurance Information Institute in 2016 showed only 12 percent of people in flood-prone coastal areas had flood insurance , down from 14 percent in 2015. "Congress must find a bipartisan solution that ensures the long term financial stability of the program, but it can not be done through onerous premium increases that would make housing unaffordable in our community", Ros-Lehtinen said in a statement.