Credit card debt surges to another record high, New York Fed data shows

Americans' debt balances grew across the board, but Fed researchers voiced 'concerning' growth in auto and credit card delinquencies.

Philadelphia strike: Largest city union prepares for strike as labor tensions continue

Thousands of Philadelphia city workers are preparing to walk off the job, if a new contract isn't reached. More than 9,000 employees, who work in prisons, sanitation and 911 dispatch, realize a strike would create a major impact.

Philly's largest union inches closer to strike
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Members of Philadelphia?s city worker labor union, District Council 33, have approved a strike vote raising the stakes in the ongoing labor tension with the city.

Meatpacking company illegally hired minors in MN, fined $2 million

A meatpacking company with operations in St. James has been fined $2 million after an inspection found it was illegally employing underage workers that were also dealing with hazardous materials and operating machinery.

Where was inflation the highest in October? Northeast and Midwest cities near the top

The Labor Department released a new report on inflation that examined price growth in various cities and metropolitan areas in the U.S. which reflected a higher rate of inflation in the Northeast and Midwest.

Spirit prepares for bankruptcy filing after failed Frontier talks: report

Spirit Airlines is reportedly planning to file for Chapter 11 bankruptcy protection after its latest attempt to merge with Frontier Airlines fell through.

Medicare premiums increasing in 2025

Medicare’s premium increase for Part B in 2025 outpaces both inflation and the Social Security cost-of-living adjustment (COLA).

Here are the cities with the highest student loan delinquency rates

Millions of borrowers are paying back their student loans, but a recent report shows that some are having trouble managing their monthly payments in these cities.

Nissan to cut 9K jobs, reduce CEO's monthly pay by 50% as company faces 'severe situation'

Nissan President and CEO Makoto Uchida volunteered to immediately begin forfeiting half of his monthly compensation, and other executive committee members also volunteered to take pay cuts.

Federal Reserve cuts its key interest rate by a quarter-point on heels of election

The interest rate cut follows a larger half-point reduction in September, and it reflects the Federal Reserve's continued focus on supporting the job market and battling inflation.

Inflation may be coming down but that doesn't mean prices will, expert explains

Allianz chief economic adviser Mohamed El-Erian warned that even though inflation has cooled significantly, prices consumers face are unlikely to decrease.