Biden planning to tap oil reserve to control gas prices
President Biden is preparing to order the release of up to 1 million barrels of oil per day from the nation's strategic petroleum reserve in a bid to control energy prices.
President Biden is preparing to order the release of up to 1 million barrels of oil per day from the nation's strategic petroleum reserve in a bid to control energy prices.
More than 11 million job openings leave some employers struggling to operate and grow
The government reports that a nationwide labor shortage continues with 11.3 million job openings posted across the country. It's all part of the topsy-turvy world created by the pandemic.
The government reports that a nationwide labor shortage continues with 11.3 million job openings posted across the country. It's all part of the topsy-turvy world created by the pandemic.
Biden takes aim at the ultra-rich with latest budget proposal
President Biden wants to target billionaires with a 20% rate that would hit both the income and unrealized capital gains of the wealthiest Americans.
President Biden wants to target billionaires with a 20% rate that would hit both the income and unrealized capital gains of the wealthiest Americans.
Los Angeles becomes 1st in US to reach $6 gas average
Los Angeles on Tuesday became the first major city in the U.S. to reach an average gas price of $6 or more.
Los Angeles on Tuesday became the first major city in the U.S. to reach an average gas price of $6 or more.
Cash poor during spring? Blame the weather
We all know inflation and supply chain kinks are leading to price increases on almost everything. Even cautious shoppers need to beware of spring and its weather changes. Sudden warm temperatures after the cold, dark winter and can actually trigger frenzied shopping.
We all know inflation and supply chain kinks are leading to price increases on almost everything. Even cautious shoppers need to beware of spring and its weather changes. Sudden warm temperatures after the cold, dark winter and can actually trigger frenzied shopping.
Federal Reserve hikes interest rate to fight inflation, more to come
The Federal Reserve launched a high-risk effort to tame the worst inflation since the 1970s, raising its benchmark short-term interest rate and signaling potentially up to seven rate hikes this year.
The Federal Reserve launched a high-risk effort to tame the worst inflation since the 1970s, raising its benchmark short-term interest rate and signaling potentially up to seven rate hikes this year.
Billionaire supermarket CEO: Buy now, food inflation will only get much worse
John Catsimatidis says food prices could increase 20% by summer.
John Catsimatidis says food prices could increase 20% by summer.
The Great Resignation: Pew Research finds tie in reasons workers quit their jobs in 2021
Latest numbers show another 4.3 million Americans quit their jobs in January. Some call it the Great Resignation. Others, the Great Realization. The top reasons for leaving were a tie.
Latest numbers show another 4.3 million Americans quit their jobs in January. Some call it the Great Resignation. Others, the Great Realization. The top reasons for leaving were a tie.
Canned pet food shortage continues amid supply chain woes
The canned pet food industry continues to feel the burn as supply chain woes and increases in price leave many pet owners improvising their dog or cat’s next meal.
The canned pet food industry continues to feel the burn as supply chain woes and increases in price leave many pet owners improvising their dog or cat’s next meal.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
More than half of U.S. consumers are planning to celebrate Valentine's Day despite rising inflation.