US economy shrank by 1.4% in Q1 despite solid consumer spending
Despite the weak showing, most economists expect a rebound in the April-June quarter as solid hiring and wage gains sustain growth.
Despite the weak showing, most economists expect a rebound in the April-June quarter as solid hiring and wage gains sustain growth.
Fuel prices: How they impact the 2022 boating season
Over the past two years, demand for boat slips has 'gone up considerably.'
Over the past two years, demand for boat slips has 'gone up considerably.'
Walmart offering new truckers starting salary of up to $110,000
Walmart truck drivers could previously make an average of $87,500 in their first year
Walmart truck drivers could previously make an average of $87,500 in their first year
Deutsche Bank predicts US recession in 2023 due to Fed rate hikes
Deutsche Bank is the first major financial institution to predict a recession due to rising inflation and the Federal Reserve's hawkish plan to tame it.
Deutsche Bank is the first major financial institution to predict a recession due to rising inflation and the Federal Reserve's hawkish plan to tame it.
Biden ‘has not ruled out’ canceling student loan debts, White House says
Press Secretary Jen Psaki made the comment the same day the Biden administration announced plans to freeze federal student loan payments through Aug. 31
Press Secretary Jen Psaki made the comment the same day the Biden administration announced plans to freeze federal student loan payments through Aug. 31
Congress votes to suspend Russia trade status, enact oil ban
Congress voted overwhelmingly Thursday to suspend normal trade relations with Russia and ban the importation of its oil, ratcheting up the U.S. response to Russia's invasion of Ukraine amid reports of atrocities.
Congress voted overwhelmingly Thursday to suspend normal trade relations with Russia and ban the importation of its oil, ratcheting up the U.S. response to Russia's invasion of Ukraine amid reports of atrocities.
Best companies 2022: Linkedin unveils list of top companies to work for, Amazon ranks no. 1
Linkedin released its list of the top 50 companies to work with Amazon claiming the top spot. Here's a look at where other companies ranked.
Linkedin released its list of the top 50 companies to work with Amazon claiming the top spot. Here's a look at where other companies ranked.
March jobs report 2022: US added 431,000 jobs in sign of economic health
The U.S. added 431,000 jobs in March 2022 in a sign of a resilient economy — as unemployment fell to a pandemic low of 3.6%.
The U.S. added 431,000 jobs in March 2022 in a sign of a resilient economy — as unemployment fell to a pandemic low of 3.6%.
Corn could be the answer to high gas prices
Under the Home Front Energy Independence Act, ethanol fuel would be produced and sold year-round in the U.S. instead of only during the summer months. The proposal aims to further decrease dependence on Russian petroleum exports over its war on Ukraine.
Under the Home Front Energy Independence Act, ethanol fuel would be produced and sold year-round in the U.S. instead of only during the summer months. The proposal aims to further decrease dependence on Russian petroleum exports over its war on Ukraine.
Chicken breast, ground beef, pork prices set to surge higher
Most protein prices are forecasted to increase "substantially" due to higher feed costs.
Most protein prices are forecasted to increase "substantially" due to higher feed costs.
House votes overwhelmingly to suspend normal trade relations with Russia, Belarus
The vote comes a day after Zelenskyy urged Congress to act further against Russia
The vote comes a day after Zelenskyy urged Congress to act further against Russia
What is shrinkflation? How companies hide inflation without increasing prices
If you haven’t seen a price increase on a product or service you purchased recently, chances are that the company may still be passing along the rising costs to you without the obvious price hikes.
If you haven’t seen a price increase on a product or service you purchased recently, chances are that the company may still be passing along the rising costs to you without the obvious price hikes.
Federal Reserve hikes interest rate to fight inflation, more to come
The Federal Reserve launched a high-risk effort to tame the worst inflation since the 1970s, raising its benchmark short-term interest rate and signaling potentially up to seven rate hikes this year.
The Federal Reserve launched a high-risk effort to tame the worst inflation since the 1970s, raising its benchmark short-term interest rate and signaling potentially up to seven rate hikes this year.
Billionaire supermarket CEO: Buy now, food inflation will only get much worse
John Catsimatidis says food prices could increase 20% by summer.
John Catsimatidis says food prices could increase 20% by summer.
Canned pet food shortage continues amid supply chain woes
The canned pet food industry continues to feel the burn as supply chain woes and increases in price leave many pet owners improvising their dog or cat’s next meal.
The canned pet food industry continues to feel the burn as supply chain woes and increases in price leave many pet owners improvising their dog or cat’s next meal.
Gas prices turning long commutes into financial nightmares
Skyrocketing gas prices have made things especially difficult for people with extended commutes. One person even said they're putting off having children because it's just too expensive.
Skyrocketing gas prices have made things especially difficult for people with extended commutes. One person even said they're putting off having children because it's just too expensive.
Filling a gas-powered vehicle may still be cheaper than charging an electric one
As gas prices reach record highs across the U.S., electric car owners are reveling in their purchases -- but the cost to fill up a gas-powered vehicle might actually still be cheaper than charging an electric one.
As gas prices reach record highs across the U.S., electric car owners are reveling in their purchases -- but the cost to fill up a gas-powered vehicle might actually still be cheaper than charging an electric one.
US inflation soared 7.9% in past year, a fresh 40-year high
Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.
Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.
Biden to sign order mandating study of cryptocurrency as its use explodes
The Biden administration views the explosive popularity of cryptocurrency as a call for acting with urgency to look at the risks and benefits of digital assets.
The Biden administration views the explosive popularity of cryptocurrency as a call for acting with urgency to look at the risks and benefits of digital assets.
Interest rates could increase more than traditional quarter-point, US Fed governor says
Federal Reserve Governor Michelle Bowman says she's open to lifting interest rates by more than the traditional quarter-point at the central bank’s next meeting in March.
Federal Reserve Governor Michelle Bowman says she's open to lifting interest rates by more than the traditional quarter-point at the central bank’s next meeting in March.