Gas prices rise on surprise OPEC announcement

WASHINGTON, D.C.—OPEC’s announcement last weekend that it will cut production by over a million barrels per day starting in a month took the oil market by surprise. In response, crude immediately surged well above $80 a barrel, although it has since struggled to stay above that mark. Meanwhile, the national average for a gallon of regular gasoline rose seven cents […]

Unemployment claims in Maryland are 12 percent lower than previous week

BALTIMORE, MD—Unemployment claims seem to be dropping quickly in Maryland. For the week of January 23, new unemployment claims in Maryland were 11.97% lower than in the previous week, despite high inflation and the threat of a recession, according to WalletHub’s updated rankings for the States Where Unemployment Claims Are Decreasing the Most. Key Stats: Weekly unemployment claims in Maryland […]

Study: Maryland ranked as 2023’s 10th worst state to start a business

BALTIMORE, MD—With around 20% of new businesses failing within one year and inflation making entrepreneurship even more difficult, the personal-finance website WalletHub this week released its report on 2023’s Best & Worst States to Start a Business. On its list of best states to start a business, Maryland came in at the bottom – ranking at No. 41 out of […]