U.S. Economy

Choice Hotels on Tuesday announced a hostile bid to acquire Wyndham Hotels & Resorts after the latter hospitality chain rejected earlier takeover attempts.

Hasbro announced it is laying off over 1,000 employees in order to cut costs as it continues to struggle with declining toy sales for consecutive quarters.

The national average for a gallon of gas resumed its gradual decline amid falling oil prices. If oil prices stay low, drivers can anticipate a continued drop in pump prices, AAA said.

Tens of thousands of General Motors employees will be returning to the office in the new year, the automaker confirmed Wednesday.

U.S. gas prices have declined for 11 consecutive weeks and could fall below an average of $3 per gallon nationally for the first time since 2021, analysts predict

The $1.9 billion merger between Alaska and Hawaiian airlines could translate to fewer cheaper options for customers if the deal gets through regulators, which could take several months.

Economists with Realtor.com analyzed the top markets that will see the biggest sales growth in the new year. Certain markets that performed badly in 2023 may see double digit growth.

Nationwide gas prices continue to fall. Lower gas demand has been a main contributor in limiting pump price increases amid rising oil prices, according to AAA.

Virgin Atlantic CEO Shai Weiss said leisure demand has remained robust but corporate demand hasn't notched 2019 levels. It's at 80% though he believes that could increase this year.

While "Buy Now Pay Later " payment options are advertised as "interest free installments" consumers can run into snags if they aren't carefully watching their budgets, experts warn.

Real estate economists project that home prices and mortgage rates will ease in 2024 but there will still be supply constraints in the market.

On Cyber Monday, consumers are expected to spend as much as $12.4B, which marks an all-time high. However, they are even more focused on spreading out their bills.

The price of oil fell below $75 per barrel, taking another leg lower, after OPEC announced it was delaying its highly anticipated meeting.

Food insecurity continues to rise because the cost of living increases squeeze millions of Americans, forcing them to make hard decisions on where to allocate their funds.

The national average for a gallon of gas is steadily declining. If both gas demand and oil prices stay low, drivers can anticipate additional decreases in pump prices leading up to Thanksgiving.

The resumption of student loan payments is hitting consumers hard, forcing them to cut back on holiday expenses. Teachers are feeling a particular strain and considering moving jobs.

Although economists noted that we have avoided a recession in 2023, we are not out of the woods yet. There are risks to the global economy that could create tensions in the workplace.

Several economists warned President Biden that the 2024 election would be very close as voters were still sour on the president's handling of the economy.

Nationwide gas prices continue to fall as demand likely remains flat. The steady decline could accelerate following recent drops in the price of oil, according to AAA.

A new report by the Transparency Foundation says middle-class families are facing a particular hardship in California because of the high cost-of-living expenses.