Tagged: Economy

Drivers will find this summer's gas prices are lower than last year's, the result of a spike in crude oil production. Government forecasters say a gallon of regular gasoline will cost about $3.50 this summer — a slide of more than 10 cents from last year.

As Japanese Prime Minister Shinzo Abe focuses on boosting his country's bottom line, a lingerie company is hoping to give Japan a different type of lift.

The "Branomics Bra" from Triumph International is a play on Abe's economic policy known as "Abenomics." The company says the garment has a "growth strategy" to help bust Japan's persistent inflation problem, according to Reuters.

There were 323,000 first-time claims for unemployment insurance last week, down 4,000 from the week before, the Employment and Training Administration says.

Note: As often happens, the previous week's figure is a slight revision from what was reported earlier. Initially, the ETA said there had been 324,000 first-time claims during the week ending April 27. Now, it says there were 327,000 that week.