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Lawyer: High jet fuel prices left Spirit no choice but to shut down
A judge in the Southern District of New York Bankruptcy Court said on Tuesday that it was "a horrible day for employees" after a bailout for Spirit Airlines proposed by the U.S. government fell through, leaving no way out of bankruptcy.
Supreme Court hands win to Chevron, Big Oil in environmental damage case
The Supreme Court sided with Chevron, ruling that it can fight an environmental damage lawsuit in federal court — a decision that could affect the outcomes of nearly a dozen other lawsuits.
Record surge in gas prices fuels consumer inflation in March
U.S. consumer prices increased by the most in nearly four years in March as the war with Iran boosted oil prices and the pass-through from tariffs persisted.
MD Supreme Court blocks climate lawsuits against Big Oil
The Maryland Supreme Court blocked three local governments’ climate lawsuits against more than two dozen international oil and gas companies.
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.
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.
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.
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.
Airlines hike ticket prices as Iran war propels fuel costs
Several airlines announced airfare hikes, blaming an abrupt spike in the cost of fuel caused by the Middle East conflict.
Analysis: Surging oil drives worries for US stock investors
Oil prices surged above $100 a barrel, causing US stock investors to worry about inflation, economic growth, and potential market corrections amid the US-Israeli conflict.
Economy unexpectedly loses jobs, unemployment rises in February
The U.S. economy unexpectedly shed jobs in February and the unemployment rate increased to 4.4%, potentially hinting at a deterioration in labor market condition.
Iran war poses new risk to US economic resilience
The U.S. economy faces a new test likely to ratchet up uncertainty after President Donald Trump's decision to launch open-ended attacks against Iran.
