U.S. Economy

The tight U.S. labor market is likely to persist into 2022, pressuring companies to find creative solutions to retain and attract workers.

Pharmacies are reportedly running out of important prescription medications, and the U.S. Food and Drug Administration (FDA) shows there are about 111 drugs on backorder – including heart medications, antibiotics and cancer drugs.

Federal Reserve Chairman Jerome Powell acknowledged Tuesday that he now expects high inflation to continue into the middle of 2022, stating that the government should no longer push what had been a recurring slogan of it being "transitory."

House Democrats are maintaining that inflation is manageable as they head into the new year.

The nationwide average for gasoline prices is up by more than 60% from Thanksgiving 2020, according to the American Automobile Association (AAA).

The Biden administration will reportedly invest billions of dollars into expanding the domestic production of COVID-19 vaccines.

Wynn Resorts Ltd CEO Matt Maddox will step down at the end of January and hand over the reins to executive Craig Billings

Contracts to buy U.S. previously owned homes unexpectedly fell in September likely as some potential buyers delayed purchases amid higher prices.

The U.S. Coast Guard Northwest shared on Twitter that 40 shipping containers were lost off an inbound ship west of the Strait of Juan de Fuca entrance.

Experts say the car shortage currently plaguing the United States and other countries could get much worse due to a magnesium shortage in China and across the globe.

Supply shortages and delivery delays force schools to find solutions in order for their students to receive meals.

Procter & Gamble Co. is set to raise prices across the board to combat broad-based and sustained inflationary pressures.

Forbes has released its 40th annual list of the 400 wealthiest people across the world and the majority are Americans.

United Airlines announced Thursday that it would fly its biggest domestic schedule since the beginning of the COVID-19 pandemic.

It reportedly took oil workers more than three hours to shut down the pipeline that spilled as many as 144,000 gallons of crude oil off the coast of Huntington Beach, California over the weekend.

Millions of acres have been burned this year as wildfires tore through the U.S. West, setting hundreds of structures ablaze and forcing evacuations.

Forecasters expect that September sales fell around 25% from last year as chip shortages and other parts-supply disruptions cut into the selection on dealer lots and raised prices once again to record levels. That sent many frustrated consumers to the sidelines to wait out a shortage that has hobbled the industry since late last year.

Mortgage applications turned lower last week as Treasury yields spiked following last week’s FOMC meeting.

Senate Majority Leader Chuck Schumer says Democrats are prepared to raise the debt ceiling on their own if they can do so with a simple majority.

Treasury Secretary Janet Yellen told Congress that the Treasury would be unable to pay all of the government’s bills if lawmakers don’t raise the federal borrowing limit by Oct. 18.