Soaring diesel prices impacting the trucking industry could lead to rising food costs

Many truck companies say they cannot keep absorbing these costs. That will ultimately be reflected in the prices that the consumer pays and that's part of the increase in the cost of food.

Go-broke dates pushed back for Social Security, Medicare

Social Security retirees got a 5.9% boost in benefits this year, the biggest cost-of-living adjustment in 39 years.

May jobs report: US added 390,000 jobs last month as hiring remained robust

U.S. employers added a healthy 390,000 jobs in May 2022, extending a streak of solid hiring that has bolstered an economy under pressure from high inflation and interest rates.

US gas prices could top $5 a gallon by mid-June, analyst predicts

With gas prices exceeding $4 nationwide, one expert believes there’s a way you can save a few dollars at the pump by changing your driving habits.

Biden cites strain on families from infant formula shortage

To ease the baby formula shortage, the Biden administration's strategy calls for importing foreign supplies and using the Defense Production Act to speed domestic production.

Tampa tops nation in housing price increases

After nearly three years of Phoenix leading the nation in the most rapid growth in housing prices, Tampa has now risen to the top. Home prices in the Bay Area have skyrocketed nearly 35% compared to last year, vastly outpacing the national average of a 20% increase.

Amazon tests package deliveries directly from shopping malls

Amazon’s new service gives customers a convenient option to have merchandise delivered to their homes faster.

Housekeepers struggle as US hotels ditch daily room cleaning

Many hotels across the United States have done away with daily housekeeping service, making what was already one of the toughest jobs in the hospitality industry even more grueling.

More Memorial Day travel expected, despite high gas prices

AAA estimates that millions of people will travel 50 miles or more during the holiday weekend with the majority of them driving their cars.

Bank of America to raise minimum wage to $22 an hour

It’s part of the bank’s phased approach to raising its minimum wage to $25 an hour by 2025.

Florida gas prices down slightly after reaching record highs: AAA

The average price for a gallon of gas in Florida is now $4.48, inching down after hitting a record $4.51 last week. But AAA says prices on Memorial Day are still expected to be the holiday's most expensive yet, and will remain high through the summer as drivers hit the road for vacations.

Baby formula shortage: 78,000 pounds of formula arrives in US

The flight was the first of several to provide “some incremental relief in the coming days” as the government tries to address a critical baby formula shortage.

House approves bill to take aim at gasoline 'price gouging'

A bill backed by House Democrats would give President Joe Biden authority to declare an energy emergency and ban excessive or exploitative fuel prices.

Gas prices could surpass $6 nationwide by August, JPMorgan says

With gas prices hitting new records nearly every day, some analysts are projecting that the national average could surge past $6 per gallon by the end of the summer.