Fed officials signal more rate hikes likely amid sticky inflation, minutes show
Federal Reserve policymakers see more interest rate hikes ahead.
Plunging natural gas prices eases inflation concerns
Natural gas accounts for nearly 25% of residential energy needs, making it a big driver in last year’s worst bout of inflation in 40 years.
White House says GOP plans would add $3 trillion to national debt
The White House is charging the GOP with hypocrisy for favoring tax policies that could push the accumulated $31.4 trillion national debt higher.
US inflation slows to 6.4%, but price pressures re-emerge
Consumer prices climbed 6.4% in January from a year earlier, down from 6.5% in December. It was the seventh straight year-over-year slowdown and well below a recent peak of 9.1% in June.
President Biden speaks at University of Tampa on Social Security, Medicare
Fresh off his State of the Union address, where he touted the formation of 12 million jobs during his administration and the lowest unemployment rate since 1969, President Joe Biden was in Tampa Thursday to discuss the importance of key social programs.
Report: Boeing to cut 2,000 finance and HR jobs in 2023
A statement by the Virginia company says the jobs will be reduced “through a combination of attrition and layoffs” this year.
More Americans live paycheck to paycheck, report finds
A report found 166 million consumers in the US fall into that category.
Bed Bath & Beyond closing 87 additional stores. Here’s the list of locations
The latest store closings are impacting the struggling retailer as it considers its options, including possibly filing for bankruptcy.
Exxon earns record profits in 2022 with surge in energy prices
Exxon raked in over $12 billion in profits to raise its annual net income to a staggering $55.7 billion.
Walmart trying out more 'upscale' stores with launch of new designs, upgrades
The retailer has renovated nearly 1,000 stores with the redesigns, and several have recently opened.
Americans struggling to make car payments is highest since Great Recession
Car repossessions are growing as Americans still struggle with high car prices and inflation.
Hasbro laying off 1,000 employees amid cost-savings push
The company well-known for Monopoly, Play-Doh, and My Little Pony toys says the layoffs are 15% of its global full-time workforce.
Chipotle looks to hire 15,000 people in US amid continuing labor shortage
Other chains, including Taco Bell and Starbucks, are also looking for workers.
U.S. economy showed solid growth, but slowdown expected in coming months
The resilience of the U.S. job market has been a major surprise, but analysts say the good times for America’s workers aren’t likely to last.
Manchin introduces bill to delay tax credits for electric vehicles
Tax credits for electric vehicles are a key feature of President Joe Biden's landmark climate law.
Consumers are piling on credit card debt, flashing signs of potential crisis
As Americans rack up record-high credit card debt after a year of soaring inflation and interest rate hikes, charge-offs are beginning to roll in at the start of a looming default crisis.
Gold and silver boom predicted as US hits debt ceiling, dollar devalues
Precious metals expert predicts gold and silver will rise in 2023 as government spending results in increased inflation and U.S. hits debt ceiling.
Google cutting 12,000 jobs as tech industry layoffs widen
Google has become the latest tech company to trim staff after rapid expansions during the COVID-19 pandemic have worn off.
US debt limit: US Treasury buys time for Biden and House GOP on deal
The Treasury Department says it has started taking “extraordinary measures” as the government has run up against its legal borrowing capacity of $31.381 trillion.
Party City files for bankruptcy protection amid rising prices
Party City is filing for Chapter 11 bankruptcy protection after struggling with rising prices and a pullback in customer spending.