Used cars costing consumers $10,000 more than 'normal' as inflation rages
It's a bad time for consumers looking to buy a used car.
Nearly half of Americans will take on debt this year despite higher borrowing costs: survey
Even with the Federal Reserve expected to raise borrowing rates again next week, adding debt is “not necessarily a bad sign," analysts say.
US inflation reached 9.1% in June, a new 40-year high
U.S. consumer prices soared 9.1% compared with a year earlier, the government said Wednesday, the biggest 12-month increase since 1981.
Costco raises prices on food court soft drinks, chicken bake
Wholesale retailer Costco reported June net sales of $22.78B.
Inflation, expenses rise sharply as priorities for most Americans, poll finds
Most Americans expressed little confidence in Republicans and Democrats to focus on issues important to them or an ability to work together and get things done.
US employers add a solid 372,000 jobs in sign of resilience
America’s employers shrugged off high inflation and weakening growth to add 372,000 jobs in June, a surprisingly strong gain that will likely spur the Federal Reserve to keep sharply raising interest rates.
'We've done something about it': Biden touts rule which aims to rescue pensions for millions
President Joe Biden has used an Ohio visit to showcase federal action aimed at shoring up pensions for millions of workers.
Electric vehicle battery myths v. facts: The debate over ‘green’
As demand for electric vehicles grows, innovation follows and companies are looking at more environmentally friendly options when it comes to the controversial manufacturing of EV batteries.
Most people think nation on wrong track, including Democrats, poll shows
Most Americans polled are pessimistic based on inflation and the state of the economy.
Biden calls for 3-month suspension of gas and diesel taxes
Biden wants to suspend the 18.4 cents-a-gallon tax on gas and 24.4 cents-a-gallon on diesel fuel, administration officials say. Prices are averaging about $5 a gallon nationwide.
Federal Reserve Chair Jerome Powell says rate hikes to be decided 'meeting by meeting'
Concerns are growing among some that the Federal Reserve may tighten credit so much that it may cause a potential recession.
American Airlines ending service in three cities due to pilot shortage
American Airlines is ending service in three cities this fall in response to the industry-wide pilot shortage.
Gas prices soar around the world amid Russia-Ukraine war, rebound from COVID-19
Energy prices are a key driver of inflation that is rising worldwide and making the cost of living more expensive.
Starbucks head of North America business leaving company after 17 years
Rossann Williams has been a prominent figure in the company's push against worker unionization.
US Treasury Secretary Janet Yellen says recession is not inevitable
She also discussed Sunday an openness to lowering the federal gas tax to give drivers some relief at the pump.
Crypto crash: Bitcoin falls below $20,000 as selloff continues
It's the latest sign of turmoil in the cryptocurrency industry amid wider turbulence in financial markets.
Wheat and barley shortage: How Russia-Ukraine war triggered a global food crisis
Together, Russia and Ukraine export nearly a third of the world’s wheat and barley, more than 70% of its sunflower oil and are big suppliers of corn.
New Jersey, Pennsylvania gas prices dip for Father's Day weekend, stay above $5 a gallon
Gas prices took a slight dip ahead of Father's Day, but are still hovering around the $5 a gallon mark across the Delaware Valley.
100 million Americans carry medical debt with some owing more than $10K, poll finds
Some people say they have medical debt they owe to a relative or friend for a loan they received to pay a medical or dental bill.
Fed raises key interest rate in largest hike since 1994
The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades.