US economy shrank by 1.4% in Q1 despite solid consumer spending
Despite the weak showing, most economists expect a rebound in the April-June quarter as solid hiring and wage gains sustain growth.
Fuel prices: How they impact the 2022 boating season
Over the past two years, demand for boat slips has 'gone up considerably.'
US long-term mortgage rates rise; 30-year loan reaches 5%
Long-term U.S. mortgage rates continued to climb this week as the key 30-year loan rate reached 5% for the first time in more than a decade amid persistent high inflation.
Inflation woes: These price increases are hitting Americans the hardest
The highest level of inflation in over 40 years is hitting Americans hardest in areas where it’s difficult to make cuts.
Baby formula shortage: Stores limit sales as major brands sell out nationwide
As of mid-March, about 29 percent of popular baby formula brands were sold out across the U.S., according to one analysis.
Why Biden is waiving rule on higher levels of ethanol in gas this summer
President Joe Biden says his administration will suspend a federal rule that bars higher levels of ethanol in gasoline during the summer.
US inflation report: Consumer prices jumped 8.5% in past year, highest since 1981
U.S. inflation soared 8.5% over the past 12 months, the biggest spike since December 1981.
Walmart offering new truckers starting salary of up to $110,000
Walmart truck drivers could previously make an average of $87,500 in their first year
Deutsche Bank predicts US recession in 2023 due to Fed rate hikes
Deutsche Bank is the first major financial institution to predict a recession due to rising inflation and the Federal Reserve's hawkish plan to tame it.
Biden ‘has not ruled out’ canceling student loan debts, White House says
Press Secretary Jen Psaki made the comment the same day the Biden administration announced plans to freeze federal student loan payments through Aug. 31
Best companies 2022: Linkedin unveils list of top companies to work for, Amazon ranks no. 1
Linkedin released its list of the top 50 companies to work with Amazon claiming the top spot. Here's a look at where other companies ranked.
The best and worst times to buy a car amid EV trends and supply-chain woes
If you’re planning to buy a car — new, used, electric, or hybrid — here are some things to consider before making your purchase, according to a car-buying expert.
March jobs report 2022: US added 431,000 jobs in sign of economic health
The U.S. added 431,000 jobs in March 2022 in a sign of a resilient economy — as unemployment fell to a pandemic low of 3.6%.
Corn could be the answer to high gas prices
Under the Home Front Energy Independence Act, ethanol fuel would be produced and sold year-round in the U.S. instead of only during the summer months. The proposal aims to further decrease dependence on Russian petroleum exports over its war on Ukraine.
Chicken breast, ground beef, pork prices set to surge higher
Most protein prices are forecasted to increase "substantially" due to higher feed costs.
International State of the State: Arizona Gov. Ducey addresses manufacturing, economy in Phoenix
The governor spoke at the Phoenix Committee on Foreign Relations' 17th Annual International State of the State to highlight the state's “robust international partnerships.”
Gas prices could continue to fall, but California won't see much relief: expert
As of Thursday, the national average is $4.289 a gallon, down from Wednesday's average of $4.305, according to AAA data.
What is shrinkflation? How companies hide inflation without increasing prices
If you haven’t seen a price increase on a product or service you purchased recently, chances are that the company may still be passing along the rising costs to you without the obvious price hikes.
Federal Reserve hikes interest rate to fight inflation, more to come
The Federal Reserve launched a high-risk effort to tame the worst inflation since the 1970s, raising its benchmark short-term interest rate and signaling potentially up to seven rate hikes this year.
Billionaire supermarket CEO: Buy now, food inflation will only get much worse
John Catsimatidis says food prices could increase 20% by summer.