Biden administration moves closer to creating a digital dollar

The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar.

Here's how inflation can show up on your restaurant bill

Restaurants, in particular, have been hit hard by the pandemic and inflation. Wholesale food costs for things like eggs, butter, and flour have skyrocketed over the past 12 months.

Typical monthly payment for a new vehicle hits record $743

The new-car market has been hit by the semiconductor shortage and supply chain disruptions for over a year, resulting in lower production and higher prices.

Social Security cost-of-living increase could be largest in 40 years, estimate says

For the average retiree who got a monthly check of $1,656 this year, an adjustment of 8.7% would boost the payment by $144.10, according to an advocacy group’s estimate.

Brett Favre, ex-governor accused of welfare misspending in Mississippi

One of the texts from 2017 showed Republican Gov. Phil Bryant, who left office in 2020, was “on board” with the arrangement.

Union members reject deal 2 days before deadline to avoid massive rail strike

A potential strike could impact shipments of everything from clothes to cars, hurting businesses nationwide as they deal with ongoing supply chain problems. The deadline to avoid a strike is Friday.

Disney World 'enthusiasts' say trip costs too much for average families, survey shows

Walt Disney World in Orlando, Florida is known as "the most magical place on Earth," but even its most die-hard, loyal fans say the rising costs to take a family to the parks is becoming out of reach.

Inflation Reduction Act impact on Phoenix: Will it actually help struggling households?

The White House is positive about its plan to fight inflation through the Inflation Reduction Act, but it's a message that's a tough sell for many in Phoenix as residents appear to be struggling more than they did during the COVID-19 pandemic.

Flagstaff increasing its minimum wage to $16.80 per hour

Voters passed a minimum wage act in November 2016 that stipulated the city’s minimum wage would be increased annually by the increase in the cost of living beginning in 2023.

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

$2.4M lottery ticket sold at Scottsdale Circle K

The lucky winner can take home a lump sum of $1.4 million or $80,000 annually for 30 years.

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.

Baseball legend Ty Cobb’s dentures auctioned off for $18K

The baseball legend spent 22 years with the Detroit Tigers before being inducted into the Baseball Hall of Fame.