U.S. Economy

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.

A spike in demand as winter weather thawed and higher oil prices pushed gas prices up this week.

Deutsche Bank is cutting about 3,500 back office positions as it seeks to rein in costs even after reporting its highest profit before tax in the last 16 years.

Walmart U.S. CEO John Furner will oversee a plan to make the retailer even bigger than it already is with 150 new stores over the next five years in an effort to reach more customers.

UPS said it plans to cut 12,000 roles in 2024, making it the latest company to announce plans to reduce its workforce. Amazon, Google, Citigroup and others have already announced cuts.