Older Americans more concerned with inflation, cut back on spending: report
Older Americans are concerned with inflation and cutting back on spending, a new report claims. Here are a few ways you could save.
Republican states are planning an all-out assault on woke banks: 'We won’t do business with you'
Republican states are preparing policies seeking to hit back at banks and financial institutions that have pledged to boycott fossil fuel investments as part of their green agenda.
Jobless claims climb again, hovering near 8-month high
New applications for unemployment benefits ticked higher last week, evidence that the historically tight labor market is starting to loosen amid record-high inflation.
Port of Los Angeles says operations much better: 'We don't expect a backlog of ships'
The Port of Los Angeles said Tuesday that operations are much better right now than earlier this year. The U.S was hit by supply chain disruptions in November.
These are the top retirement income concerns for many older Americans, according to a survey
In a recent survey, many older Americans said inflation is changing their retirement plans.
Uber will let drivers see how much they make from rides before accepting them
Uber's CEO, Dara Khosrowshahi, announced a new feature that allows drivers to see how much they can make from a trip before accepting it.
Former oil exec warns recession comes alongside energy crises: 'Gas will exceed $5 again' soon
Former CEO of Cumberland Farms Gulf Oil Group Joe Petrowski forecasted on Monday that "retail gasoline prices will exceed $5" by the end of the summer.
Billionaire investor Ray Dalio warns US can't keep spending and bring down inflation
Billionaire investor Ray Dalio analyzes the U.S. economy and the Federal Reserve's role as the Biden admin. tries to alleviate soaring inflation rates.
Sen. Sherrod Brown blames Fed Chair for misleading Biden on inflation
Sen. Sherrod Brown criticized the Federal Reserve chair in a recent Fox Business interview, saying his talk of inflation being transitory mislead the president.
Fed's preferred inflation gauge climbs 4.8% in June, holding near 40-year high
The personal consumption expenditures index, which is closely watched by the Federal Reserve as it tries to wrestle inflation back to 2%, rose more than expected in June.
What's driving the shift in Americans' habits behind the wheel?
GasBuddy head of petroleum analysis Patrick De Haan noted that there is a downtrend in gas prices and explained what could cause them to come back up.
Yellen insists US economy not in recession even after GDP report signals downturn
Treasury Secretary Janet Yellen argued that two back-to-back declines in economic growth do not mean the economy is in a recession, even though that is the unofficial sign.
Fed raises interest rates again — here’s how it affects your wallet
The Federal Reserve raised interest rates again at its July meeting, marking its second 75-basis point hike this year. Here's how that affects your wallet.
Biden economic adviser previously defined recession as two consecutive quarters of negative growth
Jared Bernstein, a member of the White House Council of Economic Advisers, wrote that a recession is defined as two consecutive quarters of negative GDP growth.
US economy enters technical recession after growth tumbles 0.9% in the second quarter
The Commerce Department released its first reading of second-quarter GDP data on Thursday, offering fresh insight into the health of the U.S. economy as inflation rages.
GDP contraction sparks recession debate: What consumers can do now
GDP contracted for the second consecutive quarter this year, which is the commonly used definition of a recession. Here's what that means for you.
Fed's Powell says he does not think US economy is in a recession
Federal Reserve Chairman Jerome Powell said Wednesday that the strong labor market likely means the U.S. economy is not in a recession, despite growing fears.
Fannie Mae revises GDP forecast for 2022, 2023 amid high inflation
Rising inflation could push the economy into a recession sooner than economists had previously projected, according to the latest forecast from Fannie Mae.
US goods trade deficit narrows sharply; core capital goods shipments strong
The United States trade deficit in goods shrank considerably in the month of June after a surge in exports. This news could potentially the fears of a potential recession.
China targeted Federal Reserve employees in an attempt to undermine American monetary policy: Senate report
For nearly a decade, China has been targeting Federal Reserve employees in an attempt to undermine American monetary policy, according to a Senate report.