Economic Indicators

The national average for a gallon of gas edged down slightly this week. Pump prices have declined due to weak gas demand and an uptick in supply.

French supermarket chain Carrefour is removing PepsiCo products from shelves months after it tried to pressure suppliers to lower prices after noticing shrinkflation.

Nearly half of the U.S. states are increasing their minimum wages at the start of 2024, which is projected to give nearly 10 million workers a pay increase.

The median U.S. home sales price in December saw the biggest rise since October 2022. At the same time, the overall U.S. median mortgage payment was at its lowest level in almost a year.

Xerox Holdings Corp. is trimming its workforce as the technology and software company focuses on reorganizing its organizational structure and operating model.

U.S. home prices accelerated at their fastest rate of the year in October, according to new data released from the S&P CoreLogic Case-Shiller home price index.

Gas prices climbed for the first time in months amid a strong demand for gas and elevated oil prices, according to AAA.

Ikea warned that some of its products will face delays and possible availability constraints due to the ongoing attacks on cargo ships in the Red Sea.

The revised GDP report shows the U.S. economy grew slower than previously believed in the third quarter, but remained resilient despite some headwinds.

Many people who live on the U.S.-Mexico border cross between the two countries daily and the closure of pedestrian, vehicle and rail crossings are causing major headaches for travelers.

Iranian-backed Houthi rebel attacks on ships in the Red Sea have caused companies to reroute vessels away from the area, sparking fears of higher oil prices.

Pipedream Labs is working on an underground delivery system to make deliveries faster, cheaper and even better for the environment. It is being tested out in a city in Georgia.

Christmas Day is less than a week away, and last-minute gift-givers have just a few days left to ship their friends or loved ones a present that will arrive in time for the holiday.

WeightWatchers launches a new program dedicated to helping people who have jumped on the weight-loss drug bandwagon. The program is called the GLP-1 Program.

A downward trend in national gas prices persists ahead of holiday travel. Tepid demand and a low cost for oil are bringing drivers relief at the pump, according to AAA.

General Motors on Thursday announced it will layoff over 1,300 workers at two Michigan plants in connection with ending production of vehicles.

The ECB raised interest rates to a record high earlier this year but unexpectedly benign inflation data over the past few months has all but ruled out further policy tightening.

Glassdoor named "anxiety" as the word of the year after the term consumed the job review platform. Workers were fueled with stress from pending layoffs, a possible recession and AI.

Choice Hotels on Tuesday announced a hostile bid to acquire Wyndham Hotels & Resorts after the latter hospitality chain rejected earlier takeover attempts.

Hasbro announced it is laying off over 1,000 employees in order to cut costs as it continues to struggle with declining toy sales for consecutive quarters.