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Economy

APG Federal Credit Union plans to open its first Baltimore location in Canton in early 2027. (Photo courtesy APGFCU)
Apr 6, 2026

APG Federal Credit Union to open first Baltimore location

APG Federal Credit Union will open its first Baltimore City branch in Canton, expanding financial services and community outreach in central Maryland.

A sign posted outside a Target store states the company is hiring in Encinitas, California, on March 30, 2026. (REUTERS/Mike Blake)
Apr 3, 2026

Job growth accelerates by the most in 15 months in March

U.S. job growth rebounded sharply in March as a strike by health care workers ended and temperatures warmed up, but downside risks for the labor market are mounting.

McCormick brand spices at a grocery store in Medford, Massachusetts, March 31, 2026. (REUTERS/Brian Snyder)
Apr 1, 2026

MD-based McCormick bets on flavor in $65B Unilever tie-up amid shifting tastes

McCormick bets on flavor as merges with Unilever's food business, targeting global markets amid shifting consumer tastes.

Workers construct a single family home at a Lennar housing development in San Diego, California, March 11, 2025. (REUTERS/Mike Blake)
Mar 27, 2026

Coinbase brings token-backed down payments to housing market

Coinbase is teaming up with Better Home & Finance to let homebuyers pledge their crypto holdings as collateral for down payments, marking one of the most ambitious attempts yet to adapt digital assets for mainstream needs.

From left, House Minority Leader Jason Buckel, R-Allegany, and Senate Minority Leader Steve Hershey, R-Upper Eastern Shore, are among Republican lawmakers calling for a 30-day gas tax holiday in light of rising oil prices. (Hannah Gaskill/The Daily Record photo)
Mar 19, 2026

Republicans propose gas tax holiday as prices at the pump soar

Maryland Republicans proposed a 30-day gas tax holiday to provide relief amid rising prices caused by the war in Iran, pending the governor's approval.

The exterior of the Marriner S. Eccles Federal Reserve Board building is seen in Washington on June 14, 2022. (REUTERS/Sarah Silbiger/File Photo)
Mar 18, 2026

Fed holds rates steady as war in Iran clouds outlook

The Federal Reserve again left interest rates unchanged, ignoring President Donald Trump’s demands for cuts while acknowledging the war with Iran increases uncertainty.

A sticker featuring President Donald Trump and Elon Musk, at a gas station on Capitol Hill in Washington on March 8, 2026. (REUTERS/Nathan Howard/File Photo)
Mar 18, 2026

Drivers face long-term pain at pump as gas prices soar, analysts say

Traders and industry analysts see signs that pump prices will stay painfully high long after any diplomatic breakthrough in the Iran conflict.

People walk near farmland by the Zubair oil field as gas flares rise in the distance, in Zubair Mishrif, Basra, Iraq, amid regional tensions following the recent disruption to shipping in the Strait of Hormuz and the U.S.-Israeli conflict with Iran, on March 9, 2026. (REUTERS/Essam al-Sudani/File Photo)
Mar 13, 2026

Shipping waiver, stockpile release will not ease gas prices, analysts say

A potential waiver to U.S. shipping restrictions and a record release of oil stockpiles by world governments might slow gas price increases but won't end them, analysts said.

A pedestrian passes a "Help Wanted" sign in the door of a hardware store in Cambridge, Massachusetts, on July 8, 2022. (REUTERS/Brian Snyder/File Photo)
Mar 12, 2026

Low layoffs anchoring labor market; Iran war poses threat to stability

Filings for unemployment fell last week, suggesting labor market conditions remained stable even after the economy shed jobs in February.

A man pumps gas at an Exxon station as the price of oil and gas has surged amid the U.S.-Israeli conflict with Iran, in Washington on March 5, 2026. (REUTERS/Ken Cedeno/File Photo)
Mar 11, 2026

Gas prices surpass $3.50 a gallon for MD and US as Iran war rages on

The national average retail price of gasoline crossed $3.50 a gallon this week, both nationwide and in Maryland.

A cashier loads a turkey and other groceries for checkout at a Walmart Supercenter retail store in North Bergen, New Jersey, on Nov. 21, 2025. (REUTERS/Mike Segar/File Photo)
Mar 11, 2026

Consumer inflation steady before Iran conflict drives up oil prices

U.S. consumer prices picked up in February as the cost of gasoline increased in anticipation of an escalating war in the Middle East.

A drone view shows prices for gasoline and diesel fuel at a highway service station, amid the U.S.-Israeli conflict with Iran, in Kennebunk, Maine, March 5, 2026. REUTERS file photo/Brian Snyder)
Mar 10, 2026

High gas prices, volatile stocks could hit both low- and high-income consumers as war persists

Rising gasoline prices and volatile stocks amid the U.S.-Iran conflict threaten spending across income levels and raise recession risks in the economy.