Party City files for bankruptcy protection amid rising prices

Party City is filing for Chapter 11 bankruptcy protection after struggling with rising prices and a pullback in customer spending.

How inflation is changing the way people use payment apps

A recent survey by Forbes finds that some young adults are using payment apps to cover the costs of restaurant tabs, groceries, and rent.

Texas businesses look for inventory tax relief from legislature

Texas is among nine states that have an Inventory Tax levied on the products, materials, and equipment that a business uses to keep its doors open and businesses are pleading for some relief from the tax.

Biden, López Obrador, Trudeau show unity during summit, downplay tensions

President Joe Biden, Mexican President Andrés Manuel López Obrador and Canadian Prime Minister Justin Trudeau are seeking to downplay their frustrations with one another on migration and trade as they meet for the North American Leaders Summit.

Delayed IRS reporting rule to require many Venmo, Cash App users to pay taxes

A new rule, that's been delayed a year, will require taxes to be paid on many transactions occurring through mobile payment apps like Cash-App and Venmo.

FTC proposes rule banning noncompete clauses for workers

The Federal Trade Commission says the rule would open new job opportunities for 30 million Americans and raise wages by $300 billion a year.

Holiday sales increase 7.6% despite the squeeze of inflation

U.S. sales between Nov. 1 and Dec. 24, a period that is critical for retailers, were fueled by spending at restaurants and on clothing.

Here's how much pay Americans say they'd need to start a new job

A recent survey from the Federal Reserve Bank of New York reveals most people will hop to a new job for a starting salary a little over $73,000 a year.

Senate passes $1.7T spending bill to fund government, aid Ukraine

The Senate has passed a $1.7 trillion bill to finance federal agencies through September, aid Ukraine and provide assistance to communities recovering from hurricanes, floods and other natural disasters.

Treasury department delays electric vehicle tax credit changes

The Treasury Department has pushed the issuance of guidance for new electric vehicle tax credit rules from January to March as it continues to develop them.

Christmas meals will cost 16.4% more this year

The average grocery basket for Christmas dinner will cost an average of $60, Datasembly reported.

Wall Street may get much worse in 2023 before it gets better

Many analysts expect stocks to end 2023 around their current range, if not a bit higher. But before that, much of Wall Street is also forecasting stock prices to fall sharply in the interim.