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.

US retail spending slows as inflation starts to bite

After beginning the year in a buying mood, Americans slowed their spending in February on gadgets, home furnishings and other discretionary items as higher prices for food, gasoline, and shelter are taking a bigger bite out of their wallet.

Puerto Rico exits bankruptcy after grueling debt negotiation

Puerto Rico’s government formally exited bankruptcy Tuesday, completing the largest public debt restructuring in U.S. history after announcing nearly seven years ago that it was unable to pay its more than $70 billion debt.

Canned pet food shortage continues amid supply chain woes

The canned pet food industry continues to feel the burn as supply chain woes and increases in price leave many pet owners improvising their dog or cat’s next meal.

US inflation soared 7.9% in past year, a fresh 40-year high

Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.

100K student loan borrowers eligible for debt relief under new rules, Dept. of Education says

The U.S. Department of Education says they have identified 100,000 borrowers eligible for student loan debt cancellation under a new change made by the agency to the Public Service Loan Forgiveness (PSLF) program.

Biden to sign order mandating study of cryptocurrency as its use explodes

The Biden administration views the explosive popularity of cryptocurrency as a call for acting with urgency to look at the risks and benefits of digital assets.

Interest rates could increase more than traditional quarter-point, US Fed governor says

Federal Reserve Governor Michelle Bowman says she's open to lifting interest rates by more than the traditional quarter-point at the central bank’s next meeting in March.

Rising gas prices: Ways to maximize your fuel economy

As gas prices continue to climb, here are some tips and tricks to help save you money and maximize your fuel economy.

US job growth soars past expectations with 467,000 added, shaking off omicron surge

U.S. job growth blew past expectations in January, as the economy brushed off a record-breaking surge in COVID-19 cases nationwide that threatened to sideline millions of workers and kept many consumers at home.

Starbucks to raise menu prices to offset inflation

The Seattle-based coffee franchise had already raised prices — once in October 2021 and December 2021 — but inflation woes and labor issues have forced the company to hike prices once again.

Valentine's Day 2022: Spending expected to near $24B

More than half of U.S. consumers are planning to celebrate Valentine's Day despite rising inflation.