Economic Indicators

Even with inflation, which rose 7.7% in October from a year earlier, an increasing number of Americans who plan to celebrate Christmas plan to buy a real Christmas tree.

Nearly 48,000 unionized academic workers at University of California campuses went on strike Monday, calling for pay increases and various additional benefits.

Airbnb co-founder Nate Blecharczyk expressed confidence in the home-share platform despite economic headwinds like high inflation squeezing household budgets.

Consumers are growing more pessimistic as inflation expectations tracked by the Federal Reserve Bank of New York increased across all horizons, while unemployment expectations deteriorated.

Inflation moderated slightly in October, but certain parts of the country continued to see consumer price rates above 10%, according to the Labor Department.

President Biden touted his administration's policies and approach to lifting the economy. He said Americans are 'seeing results' and that he would continue to combat inflation.

Mortgage rates have seen record high's over the last 10 weeks, climbing to and the hovering around 7%. This week they climbed up to 7.08% doubling last year.

Republican Govs. Ron DeSantis of Florida and Brian Kemp of Georgia both won re-election, receiving major support among voters concerned about inflation.

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Phillips' investor-return plan comes at a time President Biden has demanded that energy companies invest their profit into boosting production before considering shareholder returns.

Gas prices will remain elevated despite the results of the midterm elections due to a variety of factors including OPEC+ production cuts and Russian's invasion of Ukraine, experts say.

Online real estate company Redfin announced that it's reducing its workforce again. This time, 862 employees will be laid off amid the uncertain economic environment.

Organizations representing the oil industry and workers ripped President Biden after he vowed to block new fossil fuel drilling, saying he should focus on policy, not politics.

President Joe Biden's tweet about the "most common" gas prices was slapped with a fact check Sunday to provide some more clarification.

A family-owned small business in central Virginia tells FOX Business inflation has been detrimental to their livelihood and has forced them to raise the price on their goods.

Largest U.S. refiner Marathon Petroleum Corp aims to operate its system at 93% of combined oil processing capacity, a cooler pace as it completes maintenance work at some plants.

ECB President Christine Lagarde said central bankers must be "prepared to take the necessary decisions, however difficult, to bring inflation back down.

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Mortgage rates dipped slightly this week to 6.95% down from a 20-year high last week of 7.08%, this continues to affect the real estate market as demand slumps.

While the housing market could bring the economy into a recession next year, it could also bring it out, economists at the Mortgage Bankers Association (MBA) conference said.