Inflation rises 2.9% in July, less than expected
Inflation fell in July to the lowest level in more than three years, a welcome sign for the Federal Reserve even as prices remained uncomfortably high for millions of Americans.
Inflation fell in July to the lowest level in more than three years, a welcome sign for the Federal Reserve even as prices remained uncomfortably high for millions of Americans.
Here’s what the typical grocery basket costs today – and it's higher than last year
Prices for eggs, broccoli and bananas saw significant increases.
Prices for eggs, broccoli and bananas saw significant increases.
Inflation is down and you deserve some of the credit, economists say
Americans' refusal to keep paying higher prices may be dealing a final blow to the country’s inflation problem.
Americans' refusal to keep paying higher prices may be dealing a final blow to the country’s inflation problem.
Italian restaurant chain files for Chapter 11 bankruptcy
Italian restaurant chain Buca di Beppo filed for Chapter 11 bankruptcy protection on Monday.
Italian restaurant chain Buca di Beppo filed for Chapter 11 bankruptcy protection on Monday.
Stocks tumble as Dow, S&P 500 close out worst day since 2022
The Dow Jones Industrial Average tumbled 1,033.99 points, or 2.6%, while the Nasdaq Composite and S&P 500 fell 3.43% and 3%, respectively. The Dow and S&P 500 closed out their worst day since September 2022.
The Dow Jones Industrial Average tumbled 1,033.99 points, or 2.6%, while the Nasdaq Composite and S&P 500 fell 3.43% and 3%, respectively. The Dow and S&P 500 closed out their worst day since September 2022.
Economist urges Fed to meet 'now' to cut rates as stocks tumble: It's a 'frightening time'
Economist Stephen Moore urged the Federal Reserve to address falling commodity prices and shift from inflation concerns to deflation, while Fed Chairman Jerome Powell indicated a potential rate cut if inflation cools, amidst a market meltdown driven by recession fears.
Economist Stephen Moore urged the Federal Reserve to address falling commodity prices and shift from inflation concerns to deflation, while Fed Chairman Jerome Powell indicated a potential rate cut if inflation cools, amidst a market meltdown driven by recession fears.
Dow drops 1K points, Japanese stocks suffer worst crash since 1987
Nearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.
Nearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.
Study ranks US states with most financially-distressed residents
WalletHub's recent study reveals the U.S. states with the most financially-distressed residents, highlighting surprising trends and economic struggles. Michigan tops the list, followed closely by Texas and Nevada.
WalletHub's recent study reveals the U.S. states with the most financially-distressed residents, highlighting surprising trends and economic struggles. Michigan tops the list, followed closely by Texas and Nevada.
Federal Reserve sees progress with inflation, hinting that a rate cut is near
The Federal Reserve said progress was made to lower inflation, suggesting that the central bank is moving closer to cutting its key interest rate for the first time in four years.
The Federal Reserve said progress was made to lower inflation, suggesting that the central bank is moving closer to cutting its key interest rate for the first time in four years.
US national debt tops $35 trillion, hitting new record
The U.S. gross national debt hit $35,001,278,179,208.67 on Monday, according to the Treasury Department.
The U.S. gross national debt hit $35,001,278,179,208.67 on Monday, according to the Treasury Department.
Bosses admit that return-to-office mandates were meant to make staff quit
Bosses implemented return-to-office mandates hoping their workers would quit
Bosses implemented return-to-office mandates hoping their workers would quit
Americans are falling behind on their car payments, data shows
Recent data from auto experts shows that Americans are struggling with car payments, with the number of defaults industrywide up in the first half of 2024.
Recent data from auto experts shows that Americans are struggling with car payments, with the number of defaults industrywide up in the first half of 2024.
Great Resignation 2.0 could be on the horizon, with 3 in 10 workers planning to quit in 2024, survey shows
Low pay, desire for better benefits and search for less stressful work are some reasons behind the shift.
Low pay, desire for better benefits and search for less stressful work are some reasons behind the shift.
Social Security just announced a change for millions of beneficiaries
Millions of Social Security recipients must switch to a new Login.gov portal to continue accessing their online account information, as announced by the Social Security Administration.
Millions of Social Security recipients must switch to a new Login.gov portal to continue accessing their online account information, as announced by the Social Security Administration.
Retirees with $1 million in savings could run out of money faster in these states, study finds
Data from GoBankingRates offered better outlooks for retirees in Southeastern and Midwestern states.
Data from GoBankingRates offered better outlooks for retirees in Southeastern and Midwestern states.
US corporate bankruptcy filings surge – here are the business types that led
The number of U.S. corporate bankruptcy filings so far in 2024 is “higher than any comparable figure in the prior 13 years," according to data from S&P Global Market Intelligence.
The number of U.S. corporate bankruptcy filings so far in 2024 is “higher than any comparable figure in the prior 13 years," according to data from S&P Global Market Intelligence.
More than 1 in 3 US households have financial insecurity, survey says
The number of American households that are feeling the strain when it comes to paying for necessities such as food and bills, saw a 6.7% increase in 2024 compared to the same period in 2022.
The number of American households that are feeling the strain when it comes to paying for necessities such as food and bills, saw a 6.7% increase in 2024 compared to the same period in 2022.
Big Lots to close up to 40 stores amid "substantial doubt"
Big Lots plans to close up to 40 stores in 2024 due to financial struggles from inflation and decreased consumer spending, raising doubts about its future operations.
Big Lots plans to close up to 40 stores in 2024 due to financial struggles from inflation and decreased consumer spending, raising doubts about its future operations.
California family's $444 receipt from Trader Joe's goes viral on social media: 'Insane'
The $444 grocery haul feeds a family of 8 for around 10 days, the video claims.
The $444 grocery haul feeds a family of 8 for around 10 days, the video claims.
U.S. unemployment rate rises to 4.1% with 206,000 jobs added in June
U.S. employers added 206,000 jobs in June, exceeding expectations, with the unemployment rate rising to 4.1%, while April and May job data was revised down, average hourly earnings increased by 3.9%, and hiring was strong in government, social assistance, and health care, influencing potential Federal Reserve rate cuts.
U.S. employers added 206,000 jobs in June, exceeding expectations, with the unemployment rate rising to 4.1%, while April and May job data was revised down, average hourly earnings increased by 3.9%, and hiring was strong in government, social assistance, and health care, influencing potential Federal Reserve rate cuts.