US inflation hit 8.3% in April but slows from 40-year high
Consumer prices jumped 8.3% last month from 12 months earlier, the Labor Department said Wednesday.
Here's how much more you'll be paying for food in 2022, according to USDA estimates
The USDA’s Food Price Outlook estimates that prices at the grocery store will increase by 5%-6% in 2022. Overall, food prices were 8.8% higher in March 2022, compared to a year prior.
Pediatrician's plea to parents: Do NOT make your own baby formula
Amid today's baby formula shortage, Dr. Sarah Adams of Akron Children's Hospital in Ohio warned parents away from homemade options.
Small businesses struggle to hire and keep employees amid economic uncertainty
Some small businesses are still struggling to hire qualified workers, even as the broader picture in the U.S. job market looks much brighter.
Robocalls have increased by millions in recent months
Robocalls jumped by over 600 million from February to March, YouMail tracker found
April 2022 jobs report: US added 428,000 jobs despite surging inflation
America’s employers added 428,000 jobs in April 2022 and hiring kept the unemployment rate at 3.6%.
How the recent historic Fed interest hikes will impact your finances
Record-low mortgages below 3% are long gone. Credit card rates will likely rise.
Fed raises interest rates by half-point, the most since 2000
The Federal Reserve intensified its drive to curb the worst inflation in 40 years by raising its benchmark short-term interest rate by a sizable half-percentage point.
Biden highlights deficit progress to counter criticism on US economy
The president is placing a renewed emphasis on reducing the deficit — which is the gap between what the nation spends and what it takes in — in order to blunt Republican criticism.
Price of diesel hits all-time high, straining the trucking industry
A gallon of diesel hit $5.296 on Sunday, according to AAA.
What is a recession, and should Americans be worried?
Recessions are notoriously hard to predict – but here's what to know about them
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.'
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.
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.