US inflation soared 7.9% in past year, a fresh 40-year high
Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.
Biden to sign order mandating study of cryptocurrency as its use explodes
The Biden administration views the explosive popularity of cryptocurrency as a call for acting with urgency to look at the risks and benefits of digital assets.
Fewest Americans collecting unemployment aid since 1970
The number of Americans collecting unemployment benefits fell to a 52-year low after another decline in jobless aid applications last week.
Interest rates could increase more than traditional quarter-point, US Fed governor says
Federal Reserve Governor Michelle Bowman says she's open to lifting interest rates by more than the traditional quarter-point at the central bank’s next meeting in March.
Rising gas prices: Ways to maximize your fuel economy
As gas prices continue to climb, here are some tips and tricks to help save you money and maximize your fuel economy.
US inflation report: Consumer prices jumped 7.5% in past year, a 40-year high
U.S. inflation jumped 7.5% last month compared with 12 months earlier, the steepest year-over-year increase since February 1982.
Democrats propose temporary suspension of federal gas tax to offset soaring prices
The Gas Prices Relief Act would eliminate the 18.4 cents per gallon fuel tax for the rest of 2022.
US job growth soars past expectations with 467,000 added, shaking off omicron surge
U.S. job growth blew past expectations in January, as the economy brushed off a record-breaking surge in COVID-19 cases nationwide that threatened to sideline millions of workers and kept many consumers at home.
Starbucks to raise menu prices to offset inflation
The Seattle-based coffee franchise had already raised prices — once in October 2021 and December 2021 — but inflation woes and labor issues have forced the company to hike prices once again.
Home Depot to hire over 100,000 employees in spring hiring blitz
Home Depot is planning to hire more than 100,000 employees ahead of the spring season.
Valentine's Day 2022: Spending expected to near $24B
More than half of U.S. consumers are planning to celebrate Valentine's Day despite rising inflation.
US economy showed 5.7% growth last year, rebounding from 2020 recession
The American economy bounced back last year with resilience from 2020′s brief but devastating coronavirus recession.
Unemployment claims drop for the first time in a month
The Labor Department reported Thursday that jobless claims fell by 30,000 to 260,000 last week, slightly less than the 265,000 analysts were expecting.
Unemployment claims climb to 286,000, the most since October
Jobless claims rose for the third straight week — by 55,000 to 286,000, highest since mid-October, the Labor Department reported Thursday.
Retail sales drop 1.9% in December following early holiday rush
Americans sharply cut their spending in December after a burst of early spending in the fall that helped bolster the holiday season.
Inflation surges in December to highest rate since 1982
Prices paid by U.S. consumers jumped 7% in December from a year earlier, the highest inflation rate since 1982 and the latest evidence that rising costs for food, rent and other necessities are heightening the financial pressures on America's households.
Arizona CEO's answer to 'Great Resignation' is offering $5K bonuses for new hires to quit
Chris Ronzio, CEO of software company Trainual, is offering a $5,000 bonus for new hires to quit after just two weeks into their new jobs.
Loss of honey bees could cost America billions
U.S. beekeepers lost 50% of their colonies from April 2020 to April 2021, and according to new data the loss could cost America billions of dollars.
Sen. Joe Manchin on Biden's $2T bill: 'I can't vote for it'
Democratic Sen. Joe Manchin says he can’t back a $2 trillion social safety net bill, dealing a potentially fatal blow to President Joe Biden’s signature legislation.
Biden, Manchin at odds over $2T social spending bill, AP source says
According to a person familiar with the talks, President Joe Biden and Sen. Joe Manchin are said to be sharply divided over Democrats’ huge social and environmental bill.