Fed raises key interest rate in largest hike since 1994
The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades.
The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades.
Dallas City Council warned of inflation impact on city budget
Dallas may have a tighter budget next fiscal year due to a huge increase in the living wage as well as higher fuel costs.
Dallas may have a tighter budget next fiscal year due to a huge increase in the living wage as well as higher fuel costs.
What makes a bear market? Wall Street term explained
Wall Street is back in the claws of a bear market amid worries about inflation and higher interest rates. Here are answers to some common questions about bear markets.
Wall Street is back in the claws of a bear market amid worries about inflation and higher interest rates. Here are answers to some common questions about bear markets.
Wall Street slips into a bear market; here’s what that means
Wall Street opened the week with heavy losses that put the benchmark S&P 500 at a level considered to be a so-called bear market.
Wall Street opened the week with heavy losses that put the benchmark S&P 500 at a level considered to be a so-called bear market.
These electric vehicles are cheaper to own than gas ones now
Building electric vehicles is expensive, which is why their prices are high, and it's mostly about the batteries.
Building electric vehicles is expensive, which is why their prices are high, and it's mostly about the batteries.
Bitcoin, other cryptocurrencies collapse, major crypto lender Celsius Network halts operations
Bitcoin and other cryptocurrencies were collapsing in price Monday, after the major crypto lender Celsius halted all withdrawals citing “extreme market conditions."
Bitcoin and other cryptocurrencies were collapsing in price Monday, after the major crypto lender Celsius halted all withdrawals citing “extreme market conditions."
Gas prices hit $5 nationwide for the first time ever
The national average price has jumped 19 cents in just the past week, and it is up $1.93 from this time last year.
The national average price has jumped 19 cents in just the past week, and it is up $1.93 from this time last year.
Biden blames pandemic, Putin as high US inflation persists
In President Joe Biden’s estimation, the U.S. is in a strong position to overcome the worst inflation in more than 40 years. But so far, inflation just keeps getting the better of the U.S. economy and of the Biden administration.
In President Joe Biden’s estimation, the U.S. is in a strong position to overcome the worst inflation in more than 40 years. But so far, inflation just keeps getting the better of the U.S. economy and of the Biden administration.
US inflation hit 8.6% in May, a new 40-year high
Consumer prices surged 8.6% last month from 12 months earlier, faster than April’s year-over-year surge of 8.3%, the Labor Department said Friday.
Consumer prices surged 8.6% last month from 12 months earlier, faster than April’s year-over-year surge of 8.3%, the Labor Department said Friday.
Tipping in America is on the decline; that may be because many don’t know who to tip or how much
Americans became more generous during the pandemic, but inflation may change that.
Americans became more generous during the pandemic, but inflation may change that.
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.
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.
Walmart to create 4,000 jobs with 4 new fulfillment centers
The first of the four new new fulfillment centers will open this summer in Illinois. These centers will provide faster shipping of items to customers.
The first of the four new new fulfillment centers will open this summer in Illinois. These centers will provide faster shipping of items to customers.
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.
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.
City of Seattle passes legislation that guarantees a minimum wage for delivery drivers
The Seattle City Council has unanimously passed legislation that would guarantee a minimum wage for app-based delivery drivers and gig workers, making it the first city in the nation to do so.
The Seattle City Council has unanimously passed legislation that would guarantee a minimum wage for app-based delivery drivers and gig workers, making it the first city in the nation to do so.
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.
Amazon’s new service gives customers a convenient option to have merchandise delivered to their homes faster.
Key inflation measure slowed in April for the first time since 2020
High inflation is still causing hardships, but any slowing of price increases, if it can be sustained, will provide some modest relief.
High inflation is still causing hardships, but any slowing of price increases, if it can be sustained, will provide some modest relief.
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.
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.
It’s part of the bank’s phased approach to raising its minimum wage to $25 an hour by 2025.
Taxpayers can now track refunds for past two years
The IRS recently updated its “Where's My Refund?” online tool to introduce the new feature where taxpayers can select any of the three most recent tax years to check their refund status.
The IRS recently updated its “Where's My Refund?” online tool to introduce the new feature where taxpayers can select any of the three most recent tax years to check their refund status.
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.
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.