U.S. Economy

The national average cost for a gallon of gas increased to $3.31 per gallon.

Citi is cutting nearly 300 positions across three different units in New York as it continues its sweeping layoff effort to save between $2 billion and $2.5 billion in costs.

GDP increased at a 3.2% annualized rate last quarter, revised slightly down from the previously reported 3.3% pace, the Commerce Department's Bureau of Economic Analysis said.

Kellogg is facing backlash for suggesting consumers eat cereal for dinner. The messaging comes as the cost of food is taking a huge bite out of consumers' budgets.

The Federal Trade Commission is suing to block Kroger's proposed $24.6 billion deal to buy a major rival, saying it would lead to higher prices for millions of Americans.

The average price of gas remained at $3.27 per gallon this week. Flat demand and a decrease of supply have been factors in stabilizing the national average.

Home foreclosures are on the upswing nationwide, according to a new report, a sign that homeowners are still struggling from the ongoing inflation crisis.

A shutdown oil refinery has led to a large increase in gas prices across the country.

Cisco is joining a growing list of companies that are trimming their workforce at the start of 2024. Cuts have already been implemented at media, tech and finance companies.

Americans looking to purchase real estate are turning to tiny homes and portable residences in order to combat the effects of high mortgage rates under Biden.

Gas prices are up from last month, but down $0.29 compared to last year.

Treasury Secretary Janet Yellen said Thursday that high prices are unlikely to decline en masse even though inflation has receded sharply in the past year.

With check fraud on the rise, banks are scrambling to find ways to prevent mounting losses from the crime. Now, a financial crime prevention firm is fighting back using AI.

Younger generations are using social media to learn about financial products such as life insurance. The pandemic forced younger generations to think about this insurance at a younger age.

Layoffs surged in 2023, and so far, it appears that trend is not slowing down. In the first month of the new year, companies across multiple industries announced cuts.

Bud Light is debuting a 60-second advertisement in this year's Super Bowl. It's the latest effort from the brand to drum up sales after a tumultuous year.

Lyft is promising to boost earnings for its drivers who are also seeking more transparency on where riders’ fares go. Moving forward, the company is guaranteeing a new pay standard.

Wells Fargo economists projected that spending for the Super Bowl will reach a record as consumers benefit from wage growth and lower prices on some goods.

The restaurant industry is expected to reach sales of over $1 trillion in 2024. However, operators are still battling high operating costs, cautious consumers and crime.

Snap announced that it is cutting some global positions, making it the latest in a growing list of major technology companies to announce layoffs in 2024.