Butter shortage drives up prices ahead of holiday baking season

The average price of butter in August jumped 24.6% compared to a year ago, U.S. labor statistics show. Here’s what is driving the increase.

Florida's price gouging hotline activated ahead of Tropical Storm Ian

Florida's price gouging hotline was activated Friday after Governor Ron DeSantis declared a State of Emergency ahead of Tropical Storm Ian. 

Fed hikes rate by three-quarters of a point in continued fight against inflation

The Fed’s move boosted its benchmark short-term rate, which affects many consumer and business loans, to a range of 3% to 3.25%, the highest level since early 2008.

DeSantis announces plan to give Florida families permanent tax breaks, if reelected

The "Family-Focused Tax Relief" includes proposals with an estimated savings of $1.1 billion for Florida taxpayers. Gov. DeSantis made the announcement Tuesday afternoon at the Anna Maria Oyster Bar in Bradenton.

How much money do I need to travel the world?

Many factors play into the budget, but here are some tips for figuring out your magic number.

13.5 million Americans struggled with rising food costs in 2021, new report finds

A new report on food insecurity from the U.S. Department of Agriculture found about 13.5 million Americans struggled to put food on the table in 2021.

Biden administration moves closer to creating a digital dollar

The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar.

Typical monthly payment for a new vehicle hits record $743

The new-car market has been hit by the semiconductor shortage and supply chain disruptions for over a year, resulting in lower production and higher prices.

Social Security cost-of-living increase could be largest in 40 years, estimate says

For the average retiree who got a monthly check of $1,656 this year, an adjustment of 8.7% would boost the payment by $144.10, according to an advocacy group’s estimate.

Amtrak cancels routes to Florida, other major cities amid possible labor strike

Amtrak has announced the cancelation of all long distance trains throughout the U.S., including its Silver Star route that makes several Florida stops. 

Florida power companies ask for increase on electric bills

Florida power companies have asked the state's Public Service Commission (PSC) to approve double-digit percent increases for their customers in 2023.

Dow falls 1,250 as inflation maintains grip on US economy

Many of the data points within the inflation report were worse than economists expected, including some the Fed pays particular attention to, such as inflation outside of food and energy pri

Florida's minimum wage set to increase to $11

Minimum wage workers in Florida will soon get another pay boost as inflation remains a heavy burden for American households. In the second increase under a 2020 constitutional amendment, Florida’s minimum wage will go to $11 an hour on Sept. 30.

Hard Rock spends $100M to raise wages for half of its U.S. workforce

Hard Rock says it is spending over $100 million to give significant raises to half of its workforce, including about 1,500 at its hotel and casino in Tampa. The raises include an immediate increase to a minimum starting salary of $18 to $21 an hour, and are meant to help employees deal with record inflation.