Money

Inflation accelerated again in April, the Labor Department reported on Wednesday, with the consumer price index rising by 8.3%, much higher than economists expected.

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California Gov. Gavin Newsom announced Thursday an $18.1 billion package aimed at relieving inflation for struggling Californians.

The House of Representatives is planning to announce they will give staffers in Washington, D.C., and in district offices, free Peloton memberships using taxpayer dollars each month amid skyrocketing inflation.

As U.S. casinos see historic billion-dollar revenues in both March and Q1 of 2022, some market experts caution the gaming action is a sign of the "inflationary times."

The Senior Citizens League, a nonpartisan group that focuses on issues relating to older Americans, estimated on Wednesday that Social Security recipients have lost 40% of their buying power since the year 2000.

The Points Guy founder and CEO Brian Kelly discusses summer air travel.

A new minimum wage will take effect in California next year, an increase triggered by soaring inflation.

Lindenwood University agreed to a $1.65 million settlement in a lawsuit filed by a group of students who felt that the switch to online learning during COVID-19 was “subpar.”

Early heat waves mean more people turning up their air conditioners and using more electricity, which could spark trouble later in the year, an expert warns.

Target employees in Fort Lauderdale were forced to evacuate the retail store after shoplifters set a fire to create a diversion. Fort Lauderdale fire and police rescue teams responded to a Target store Wednesday night to after shoplifters set clothes on fire.

The Senate overwhelmingly confirmed Jerome Powell to a second term as chairman of the Federal Reserve on Thursday, a move that comes at a precarious time for the U.S. central bank as policymakers attempt to tame the hottest inflation in a generation without tipping the economy into a recession.

The tightest labor market in decades is fueling rapid wage growth for millions of Americans, but sky-high inflation is quickly eroding those gains.

Bobby Van's Steakhouse owner Joseph Smith said that soaring inflation and a rise in crime have caused him to lose millions in business between all his restaurants.

The April inflation report was expected to be a harbinger of good news for the U.S. economy, evidence that sky-high consumer prices had finally started to fall.

A cryptocurrency trader was sentenced to 42 months in prison for defrauding more than 170 victims. Damian Williams, the United States Attorney for the Southern District of New York, announced the sentence.