Inflation

Ingka Group, which owns and operates 392 IKEA stores worldwide, said the move to raise prices reflects the "changing economic conditions affecting all industries."

Democrats are kicking off the new year with hopes of salvaging the fragments of President Biden's signature economic spending plan, just weeks after key moderate Sen. Joe Manchin thrashed the party's hopes of passing the massive social spending and climate bill.

President Biden on Monday will roll out a new plan to target a handful of meatpacking companies that control the bulk of the nation's supply, months after his administration accused the conglomerates of facilitating anti-competitive behavior that has caused meat and poultry prices to skyrocket.

Nearly 40% of U.S. workers are considering a job change in the new year according to a new survey from Fidelity Investments.

Energy stocks just wrapped the best year on record.

Social security recipients will receive a significant boost in their payments through a cost-of-living adjustment in 2022

Patrick De Haan, head of petroleum analysis at GasBuddy, warned that gas prices in 2022 will be “front and loaded,” noting that the highest gas prices “will be in the first half of the year.”

Wine Spectator senior editor Alison Napjus warned that “it could be tough to find some of your favorite labels this year” as supply chain disruptions have been impacting the industry.

The 2022 National Defense Authorization Act signed by President Biden Monday included a 2.7% raise for service members in the U.S. military, which amounts to a pay cut when factoring inflation.

In a recent analyst note to clients, Goldman Sachs economists warned that pandemic-induced disruptions in the global supply chain – which have caused congestion in ports and warehouses nationwide – could last longer than expected as surging demand struggles to keep up, meaning that inflation metrics will remain "quite high for much of next year."