Dow falls 1,250 as inflation maintains grip on US economy
Many of the data points within the inflation report were worse than economists expected, including some the Fed pays particular attention to, such as inflation outside of food and energy pri
Inflation falls for 2nd consecutive month on lower gas prices
Inflation has driven up the costs of families’ grocery bills, rents, and utility costs, placing hardships on households and increasing gloom about the economy despite job growth and low unemployment.
Massive rail strike could mean more supply chain issues
A possible worker strike would threaten the U.S. economy with an estimated cost of $2 billion per day.
Hard Rock spends $100M to raise pay for non-tipped US staff
Hard Rock International, the global gambling, entertainment and hospitality company, said Monday it is spending over $100 million to give significant raises to 10,000 non-tipped workers, most of them in the U.S.
Biden celebrates Ohio groundbreaking of $20B Intel computer chip facility
President Joe Biden sought to put the spotlight on a rare bipartisan down payment on U.S. manufacturing during a visit on Friday to suburban Columbus, Ohio.
Queen Elizabeth II: Memorable, historic events Britain’s longest-reigning monarch lived through
Queen Elizabeth II was born before sliced bread, the internet, and a plethora of other historic events and life-changing inventions.
Is inflation cooling off? It depends where you live
Western states facing inflation rate of 9.6% even as price increases show hint of slowdown.
Michaels hiring 15K holiday employees ahead of busy retail season
Michaels says it's giving holiday hires more earning potential.
OPEC, allies cutting world oil supplies as prices fall
The move signals their unhappiness with crude oil prices that have dropped because of recession fears.
Bank of America tests no-down-payment mortgages for homebuyers in Black, Latino neighborhoods
The program – called the Community Affordable Loan Solution – will be available to people in certain predominantly Black and Hispanic neighborhoods.
US hiring slowed in August as employers face high inflation, sluggish spending
The economy added 315,000 jobs last month, down from 526,000 in July and below the average gain of the previous three months.
Bed Bath & Beyond to close stores, lay off workers in attempt to reverse losses
Bed Bath & Beyond says that it will shutter stores and lay off workers in a bid to turn around its beleaguered business.
These states are tapping historic surpluses for tax cuts and rebates
States with extra money from tax revenue and federal pandemic aid are returning billions of tax dollars to people. So far, 31 states have established some type of tax cut or rebate in their areas.
Homebuyers are taking back their bargaining power, survey shows
Approximately 92% of homeowners accepted 'some buyer-friendly terms' when selling their home last month.
More than 20 million US households are behind on utility bills
Experts warn mass shutoffs are coming.
Consumer prices rise to 6.3% in July as inflation begins to ease a bit
A report released by the Commerce Department reveals that a decline in energy prices in July offered some relief amid high prices caused by inflation.
Average new car prices set to hit record $46,259 in August
The average transaction price paid for a new car in August is expected to hit an all-time high, according to J.D. Power, with monthly finance payments also at record levels.
Amid high inflation, nearly half of US adults are holding on to unused gift cards, vouchers, store credit
Approximately 47% of people have lost money from losing gift cards or letting them expire.
Steak prices decline on waning demand
The cost of steak is on the decline while ground beef prices remain elevated as consumers adjust their protein preferences to escape soaring inflation.
FedEx Ground contractors demand inflation help to prevent delivery collapse: ‘Enormous financial stress’
Route Consultant founder reveals 100% of FedEx Ground drivers are contractors, not employees.