Biden administration awards $7 Billion to US clean energy hubs to ramp up hydrogen production
The White House calls hydrogen essential to achieving Biden's "vision of a strong, clean energy economy” and net-zero greenhouse gas emissions in the U.S. by 2050.
US inflation barely declined in September, price increases slow down slightly
Measures of U.S. inflation barely declined in September, evidence that consumer price increases are grinding lower at a gradual pace.
US still feeling effects of 'tip culture' following COVID-19 pandemic, professor says
A Clemson University professor says he attributes this to the pandemic and inflation.
Will oil and gas be impacted due to war in Israel? Expert weighs in
Russia’s invasion of Ukraine caused oil and gas prices to surge last year.
Child care programs across the country lose subsidies from federal government
After two years of receiving federal subsidies, 220,000 child care programs across the country lost funding.
US national debt hits $33T for first time in history
The U.S. national debt exceeded $33 trillion on Monday for the first time ever, setting off alarm bells over unprecedented levels of government spending.
Gas prices will inch higher next week before offering drivers relief, experts say
The 'biggest issue facing the consumer and the economy is the relentless rise in diesel prices,' an industry analyst warned
Millionaire CEO who said there needs to be higher unemployment to punish 'arrogant' employees, apologizes
Tim Gurner, a multi-millionaire CEO of Gurner Group, a real estate company founded in 2013, said at a conference that COVID-19 created a work culture in which employees' attitudes and work ethic deteriorated.
Farmers Insurance to layoff 2,400 staff across entire business
The employees getting laid off represent about 11% of the insurance provider's staff.
Home affordability is the worst it has been in nearly 40 years, study shows
U.S. home prices recently faced their sharpest rise since November.
Popular summer vacation destinations across US see uptick in vacancies
Vacation hotspots across the country saw vacancy rates as high as 20% this summer
Home prices will rise in 2023 as affordability crisis worsens, Goldman says
Goldman Sachs projects home prices to climb by 1.8% this year amid housing shortage
Federal Reserve signals potential interest rate hikes to sustain strong US economy
The continued strength of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said.
Survey: Gen Z, millennial couples say it's too expensive to get married
More Gen Z and millennials are saying “I do…not."
Here's how much workers are demanding to start a new job
The lowest wage that American workers are willing to take in order to accept a new job has hit a record high this year, survey results show.
Americans burning through excess savings from the pandemic, SF Fed study says
Americans are burning through the excess savings they accumulated during the COVID-19 pandemic thanks to a big burst of stimulus money from the federal government and limited spending.
Homebuilder sentiment plummets as mortgage rates surge again
Builder confidence unexpectedly dropped for first time this year.
Inflation forcing Americans to spend $709 more per month than 2 years ago: economist
Inflation has created financial pressures for most U.S. households and forced them to pay more for daily necessities like food and rent.
Layoffs begin in the film industry as Hollywood strikes continue
Some businesses haven't had a customer in months, while other companies are concerned about bankruptcy if the strikes continue.
US inflation has cooled, but getting it down to the Fed's target rate will be the toughest mile
Squeezing out the last bit of excess inflation and reducing it to the Federal Reserve's 2% target rate is expected to be a much harder and slower grind.