Massive rent hikes may finally be coming to an end, economist says
Rent prices are still at an all-time high for many tenants, but data shows asking rent prices have begun to slow.
Chicken wing prices drop to pre-pandemic levels — just in time for football season
The price of chicken wings has dropped to its lowest level in years ahead of the start of football season, although the average lower cost may not last through the fall.
States with the most generous tippers despite inflation
Full-service restaurants saw an average tip of 19.7% during the second quarter, according to the data. Here are the states that ranked most generous and least generous.
Turkey prices expected to surge this Thanksgiving, experts warn
Inflation and bird flu took a toll on turkey flocks.
Arizona Supreme Court says voters can’t repeal tax cuts
Gov. Doug Ducey and other Republicans have argued that tax cuts boost business prospects and can lead to higher state tax revenue in the long run.
Lowe’s to pay $55 million in bonuses for hourly frontline workers amid high inflation
Lowe’s gave seven similar bonuses after the pandemic began in 2020 and 2021.
Severe US housing downturn 'possible,' with prices falling 10%-15% over multi-year period, report says
In the case of “a more pronounced” U.S. housing downturn, Fitch analysts predicted that home prices could fall 10% to 15% in the next few years.
What's in the Inflation Reduction Act? Health care, climate change goals become law
President Joe Biden arrived at the White House promising to “build back” America, and now he has signed into law legislation with a slimmer version of that idea.
Inflation Reduction Act: Biden signs massive climate and health care bill
President Joe Biden is preparing to sign Democrats’ landmark climate change and health care bill, which includes the most substantial federal investment in history to fight climate change.
Congress passes Dems' climate, health bill in triumph for Biden
Democrats have pushed their landmark climate and health care bill through Congress, handing an election-year victory to President Joe Biden.
Median U.S. home price exceeds $400K for 1st time, report finds
Home prices are continuing to climb, based on newly released data from the National Association of Realtors. Here are some of the most expensive cities to live.
‘Rich’ people reportedly head to Applebees, IHOP during high inflation
“We perform well during tough times like this,” said parent company Dine Brands chief executive John Peyton told the Post on how inflation has impacted its business.
US inflation slips from 40-year peak but remains high at 8.5%
Consumer prices jumped 8.5% in July compared with a year earlier, the government said Wednesday, down from a 9.1% year-over-year jump in June.
Gas prices coming down but inflation will likely stay high
Americans may finally be catching a break from relentlessly surging prices — if just a slight one — even as inflation is expected to remain painfully high for months.
July jobs breakdown: Which industries hired the most workers last month?
Hiring at bars and restaurants bolstered July job growth.
Sinema agrees to 'move forward' with social spending and tax bill after Dems make changes
"We have agreed to remove the carried interest tax provision, protect advanced manufacturing, and boost our clean energy economy in the Senate's budget reconciliation legislation," Sinema, D-Ariz., said. "Subject to the Parliamentarian's review, I'll move forward."
US added surprising 528K jobs in July despite inflation, recession fears
The American job market has repeatedly defied skeptics this year. Economists had expected only 250,000 new jobs this month.
Walmart announces layoffs amid lower profit forecasts
Walmart expects adjusted earnings per share for Q2 to decline to around 8% or 9%.
New crypto oversight legislation arrives as industry shakes
Crypto investors have seen prices drop and companies crater with fortunes and jobs disappearing. Some firms have been accused by federal regulators of running an illegal securities exchange.
Lights out: Europe saves energy as Russian gas wanes
It's one small but symbolic step in a giant leap of energy saving that Europe is trying to make as it rushes to wean itself off natural gas and oil from Russia.