Recession fears rise after US economy shrinks for second straight quarter
The latest figures are raising fears that the nation may be approaching a recession.
The latest figures are raising fears that the nation may be approaching a recession.
How raised interest rates will impact consumers' household budgets
The Federal Reserve raised interest rates once again Wednesday in a battle against inflation, so the cost of borrowing is now more expensive.
The Federal Reserve raised interest rates once again Wednesday in a battle against inflation, so the cost of borrowing is now more expensive.
Fed hikes interest rate by 0.75 percentage points in bid to curb inflation
The Federal Reserve raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame high inflation.
The Federal Reserve raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame high inflation.
Walmart slashes prices on apparel, electronics; says inflation forcing customers to spend more on food, gas
Walmart is stepping up discounts on apparel, electronics and other merchandise in an attempt to sell off its extra inventory, saying that skyrocketing inflation is forcing shoppers to cut back on discretionary items and focus on essentials like food and gas.
Walmart is stepping up discounts on apparel, electronics and other merchandise in an attempt to sell off its extra inventory, saying that skyrocketing inflation is forcing shoppers to cut back on discretionary items and focus on essentials like food and gas.
Fed set to impose another big rate hike to fight inflation
Federal Reserve Chairman Jerome Powell Wednesday will address the Fed's plans to raise interest rates until inflation falls, even if it possibly slows economic growth.
Federal Reserve Chairman Jerome Powell Wednesday will address the Fed's plans to raise interest rates until inflation falls, even if it possibly slows economic growth.
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.
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.
Even with the Federal Reserve expected to raise borrowing rates again next week, adding debt is “not necessarily a bad sign," analysts say.
Florida gas prices drop nearly 60 cents in the last month: AAA
The average price of a gallon of regular unleaded gasoline in Florida dropped 15 cents during the past week and is down 57 cents over the past month.
The average price of a gallon of regular unleaded gasoline in Florida dropped 15 cents during the past week and is down 57 cents over the past month.
LEGO raises prices, citing supply chain issues
Though prices are going up, a study published in 2020 found that most LEGO sets appreciate in value by 11% per year.
Though prices are going up, a study published in 2020 found that most LEGO sets appreciate in value by 11% per year.
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.
U.S. consumer prices soared 9.1% compared with a year earlier, the government said Wednesday, the biggest 12-month increase since 1981.
PepsiCo says prices of sodas and snacks may rise
PepsiCo signaled Tuesday that there will be further price hikes to come for the company's beverages and snacks as demand remains steady and raw material costs continue to soar amid decades-high inflation.
PepsiCo signaled Tuesday that there will be further price hikes to come for the company's beverages and snacks as demand remains steady and raw material costs continue to soar amid decades-high inflation.
Florida gas prices hit 2-month low
The average price of a gallon of regular unleaded gasoline in Florida has hit a two-month low and was down 14 cents Monday from a week earlier.
The average price of a gallon of regular unleaded gasoline in Florida has hit a two-month low and was down 14 cents Monday from a week earlier.
Costco raises prices on food court soft drinks, chicken bake
Wholesale retailer Costco reported June net sales of $22.78B.
Wholesale retailer Costco reported June net sales of $22.78B.
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.
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.
'It's worth it': Georgia gas station loses nearly $12K selling discounted gas
The Georgia gas station dropped the price to less than $2 a gallon for customers on the Fourth of July. The owner says he lost nearly $12,000 in just three hours, but it was worth it to see the smiles on his customers' faces.
The Georgia gas station dropped the price to less than $2 a gallon for customers on the Fourth of July. The owner says he lost nearly $12,000 in just three hours, but it was worth it to see the smiles on his customers' faces.
'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.
President Joe Biden has used an Ohio visit to showcase federal action aimed at shoring up pensions for millions of workers.
Florida gas prices dip for 3rd week in a row
Florida gas prices have dropped 10 cents over the past week, continuing a three-week downward trend after hitting an all-time record high last month.
Florida gas prices have dropped 10 cents over the past week, continuing a three-week downward trend after hitting an all-time record high last month.
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.
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.
Analysts: Bed Bath & Beyond stores turned down air conditioning to save money
Bed Bath & Beyond is being accused of turning off the air conditioning in stores in an effort to cut costs as the retailer grapples with a significant drop in sales.
Bed Bath & Beyond is being accused of turning off the air conditioning in stores in an effort to cut costs as the retailer grapples with a significant drop in sales.
Retailers weigh cost of paying customers to keep unwanted items instead of returning them
Some retail chains are considering paying customers to keep their unwanted items instead of returning them as stores struggle with holding on to too much inventory.
Some retail chains are considering paying customers to keep their unwanted items instead of returning them as stores struggle with holding on to too much inventory.