Powell warns omicron variant could cloud inflation, economic outlook
Federal Reserve Chair Jerome Powell told the Senate Banking Committee on Tuesday that a new COVID-19 variant could slow the economy and hiring.
Biden to discuss plans to alleviate supply chain woes, inflation ahead of holidays
Rising inflation is leading to price increases for millions around the world, forcing people to choose between digging deeper into their pockets or tightening their belts.
Supply chain issues: 'Shop early,' California Retailers Association president warns holiday shoppers
"Shop early. If you've got certain gifts in mind…I would definitely purchase them early and have some patience," California Retailers Association (CRA) President Rachel Michelin told Fox News.
Stocks sink on new COVID variant; Dow loses 1,000 points
A day after the Stock Market was closed for Thanksgiving, news of a new COVID-19 variant sent stocks falling, with the Dow losing 1,000 points.
Rising inflation not stopping consumer spending, new data shows
Personal incomes, which provide the fuel for future spending increases, rose 0.5% in October after having fallen 1% in September, a reflection of a drop in government support payments.
Unemployment benefits claims hit 52-year low after seasonal adjustments
Seasonal adjustments around the Thanksgiving holiday contributed significantly to the bigger-than-expected drop. Unadjusted, claims actually ticked up by more than 18,000 to nearly 259,000.
Liquor shortages put a damper on upcoming Thanksgiving, Christmas holidays
Liquor purveyors are recommending customers order early and be prepared to choose alternatives to specialty items
Dollar Tree doubles down on pricing items over $1
Dollar Tree will charge $1.25 for the majority of its products across all of its locations nationwide by the end of April.
Explainer: Why quitting coal is so hard despite its negative impact on climate change
In the run-up to the U.N. climate talks in Glasgow, host Britain announced one of its goals of the conference was to consign coal to history.
US unemployment claims drop seventh straight week to 268,000
U.S. jobless claims dipped by 1,000 last week from the week before to a pandemic low of 268,000, the Labor Department reported Thursday.
President Joe Biden visiting Detroit on Wednesday - what he'll be talking about
This isn't the first time the president has visited Michigan since his tenure in the White House began. It's not even the first time his visit coincides with an electric vehicle focus.
Target, Walmart say holiday inventory is up despite supply chain disruptions
Target and Walmart say they are kicking off the holiday season with stocked shelves despite the industry's battle with supply chains and shipping backlogs.
Biden touts $1T infrastructure law in New Hampshire, 1st stop on US tour
Biden visited New Hampshire on Tuesday to promote his new $1 trillion infrastructure deal as a source of jobs and repairs for aging roads, bridges, pipes and ports.
Biden signs $1T infrastructure bill into law as Congress debates climate, social bill
The bill includes providing $110 billion to repair the nation’s aging highways, bridges and roads.
US inflation: Economists explain why consumer prices are rising
For months, many economists had sounded a reassuring message that a spike in consumer prices, something that had been missing in action in the U.S. for a generation, wouldn’t stay long.
Biden administration ‘looking at every tool in arsenal’ to address gas price hike
Energy costs played a large role in the inflation surge, skyrocketing 4.8% from September to October, with the price of gas jumping up 6.1%.
Americans quit jobs at record pace in September for 2nd straight month
The Labor Department said Friday that 4.4 million people quit their jobs in September, or about 3% of the nation's workforce.
US hospitals ask for donations of gently used crutches, canes, walkers amid shortage
An aluminum shortage is hitting hospitals across the U.S. hard, limiting the number of much-needed crutches, canes, walkers and even wheelchairs that they can provide to patients.
Biden touts $1T infrastructure plan as eventual fix to supply chain backlog, inflation
President Joe Biden is touting his $1 trillion infrastructure plan at the Port of Baltimore as an eventual fix for the nation’s inflation and supply chain woes -- if Americans just have the patience to wait for the construction to begin.
Business startups had record year, Census Bureau to begin keeping official tally
The monthly data will focus on new business applications and business formations to help officials monitor economic activity across the country.