Biden releasing 1M oil barrels to combat summer gas prices

In an effort to lower gas prices ahead of the busy summer travel season, the Biden administration announced the release of 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy.

Reports: McDonald's planning $5 meal deal to win back customers

McDonald's is reportedly introducing a $5 meal deal in an effort to attract customers deterred by recent price increases.

More Americans to qualify for Social Security under new SNAP rule

The Social Security Administration has expanded the definition of a public assistance household to include SNAP recipients, broadening eligibility and potentially increasing benefits for more Americans.

Interest rates not changing until inflation cools, Federal Reserve says

The Federal Reserve announced its decision to maintain its key interest rate at a two-decade high of roughly 5.3% amid ongoing concerns about high inflation.

Why now is the best time to visit Japan, thanks to a weak yen

Here are the best things to do when visiting Japan to make your dollar stretch further as the yen drops to historic lows not seen since 1990.

How much money it takes to be 'rich' in America for 2024

A recent study utilizing IRS data reveals that the income required to be considered "rich" varies widely across the U.S., reflecting regional differences in cost of living, local economies, and tax structures.

These salaried workers are now eligible for overtime pay

The Biden administration's new rule significantly expands overtime pay eligibility to millions of salaried workers in the U.S., setting higher income thresholds and updating salary limits every three years.

High inflation is costing Americans an extra $1K a month

Americans are now facing an additional financial burden of $1,069 per month due to high inflation compared to three years ago.

America's top 1% has total net worth of $44 trillion

Recent Federal Reserve data reveals that America's wealthiest 1%, with assets exceeding $11 million, amassed a record $44.6 trillion in wealth by the end of the fourth quarter of 2023, with fluctuations observed based on geographical location.

Why are food prices so high despite inflation falling?

Even if the cost of groceries declines, researchers say it's harder to notice decreasing food prices when the overall cost of living remains steep.

Three reasons why egg prices are so high ahead of Easter

Egg prices are reaching near-historic highs globally as Easter and Passover approach, reflecting market turbulence driven by disease, high demand, and rising costs for farmers.

More people moved to these US counties in 2023 than anywhere else

The U.S. Census Bureau released data on Thursday showing the top 10 counties in the country with the most population growth in 2023.

Congress passes $460 billion in spending bills, avoiding government shutdown

The Senate has approved a $460 billion package of spending bills in time to meet a midnight deadline for avoiding a shutdown of many key federal agencies.

Wendy's to test 'surge-pricing' menu that updates based on demand

Dynamic pricing, similar to Uber, is coming to Wendy's. The chain will invest in new high-tech digital menus to adjust prices depending on restaurant traffic.

How attacks in the Red Sea are cramping global trade; what it means for retailers

The cost to ship a standard 40-foot container from China to northern Europe has jumped from $1,500 to $4,000, according to the Kiel Institute for the World Economy in Germany.

Great wealth transfer is underway in US — to women

A McKinsey & Company study released in 2020 found women are set to control much of the unprecedented $30 trillion in assets held by baby boomers by the end of the decade.