Target quarterly results fall as holiday discounts and dockworker strike hit profits

Target etched out a slim sales increase in the third quarter and profits slumped as inflation-weary customers pulled back on spending and costs related to a dockworker strike in October dragged on results.

Trump's Treasury secretary pick: Who are the contenders?

President-elect Trump is reviewing candidates for the Treasury secretary role, with the list of contenders getting broader after Elon Musk offered an endorsement and shook up the race.

Meatpacking company illegally hired minors in MN, fined $2 million

A meatpacking company with operations in St. James has been fined $2 million after an inspection found it was illegally employing underage workers that were also dealing with hazardous materials and operating machinery.

Where was inflation the highest in October? Northeast and Midwest cities near the top

The Labor Department released a new report on inflation that examined price growth in various cities and metropolitan areas in the U.S. which reflected a higher rate of inflation in the Northeast and Midwest.

Thanksgiving dinner 2024: How much you can save using store-brand products

Choosing store-brand items for Thanksgiving could save consumers around $17, according to a Wells Fargo report, as food inflation continues to impact holiday costs.

Federal Reserve cuts its key interest rate by a quarter-point on heels of election

The interest rate cut follows a larger half-point reduction in September, and it reflects the Federal Reserve's continued focus on supporting the job market and battling inflation.

Inflation may be coming down but that doesn't mean prices will, expert explains

Allianz chief economic adviser Mohamed El-Erian warned that even though inflation has cooled significantly, prices consumers face are unlikely to decrease.

Inflation gauge falls to lowest level in 3 1/2 years

Inflation has improved over the past two years after supply chains recovered from disruptions from the pandemic and the Federal Reserve raised its key interest rate.

Where Vice President Kamala Harris stands on key issues

Here's where Vice President Kamala Harris stands on the economy, immigration, abortion and housing.

Where former President Donald Trump stands on key issues

Here's where former President Donald Trump stands on the economy, immigration, abortion and housing.

Mortgage rates continue to climb despite cuts by the Fed: Here’s why

Many Americans have been priced out of purchasing a home or making a move for years now amid elevated mortgage rates, sky-high home prices, and squeezed budgets due to inflation.

A closer look at how Trump's economic plan could impact inflation

Former President Donald Trump has vowed to eliminate inflation if he returns to office, but economists warn that his proposed policies, including high tariffs, mass deportations, and interference with the Federal Reserve, could worsen the issue.

Holiday spending projected to hit new record this year

Notable differences this year include the shopping period between Thanksgiving and Christmas being nearly a week shorter, and the economic impact of Hurricanes Helene and Milton.