Federal Reserve: Omicron variant could make supply chain backlog, inflation worse
Federal Reserve Chair Jerome Powell says that the appearance of a new COVID-19 variant could slow the economy and hiring.
Dollar Tree doubles down on pricing items over $1
Dollar Tree will charge $1.25 for the majority of its products across all of its locations nationwide by the end of April.
Target, Walmart say holiday inventory is up despite supply chain disruptions
Target and Walmart say they are kicking off the holiday season with stocked shelves despite the industry's battle with supply chains and shipping backlogs.
Biden signs $1T infrastructure bill into law as Congress debates climate, social bill
The bill includes providing $110 billion to repair the nation’s aging highways, bridges and roads.
Biden administration ‘looking at every tool in arsenal’ to address gas price hike
Energy costs played a large role in the inflation surge, skyrocketing 4.8% from September to October, with the price of gas jumping up 6.1%.
US hospitals ask for donations of gently used crutches, canes, walkers amid shortage
An aluminum shortage is hitting hospitals across the U.S. hard, limiting the number of much-needed crutches, canes, walkers and even wheelchairs that they can provide to patients.
Does Michigan owe you money? Here's how to check unclaimed property
The state of Michigan has millions of dollars in unclaimed property - from money to stocks and even personal property - all you have to do is claim what's yours. Here's how to do it.
October jobs report: US hiring rebounds with 531,000 jobs added
The October 2021 U.S. jobs report showed employers stepped up their hiring, adding a solid 531,000 jobs — the most since July.
Drivers may see some relief at the pump, expert says
National average price for a gallon of regular gasoline is about $3.36
Thanksgiving dinner may be more expensive as holiday staples in short supply
While most will likely be able to get their hands on a turkey for Thanksgiving this year, shoppers could be shelling out more cash for it as well as other holiday staples — largely due to supply chain bottlenecks.
Millions of capable workers are choosing not to participate in the labor force
Where have all the workers gone? That is the perplexing question in much of the U.S. and especially here in the Golden State.
Natural gas prices expected to skyrocket, DTE says most of its customers won't be affected
As winter approaches, we could be seeing higher natural gas prices than we've seen in 12 years. But DTE says it's prepared and stocked up when prices were low.
Kellogg's, John Deere strikes signal 'volatile time' for economy, supply chains: Expert
"Higher prices and buyer shortages, they go together," he said. "What we’re going to see right now is people’s real income adjusted for inflation going down, and they’re going to find it harder to make ends meet. "For most people operating paycheck to paycheck, they can’t afford this."
Social Security checks to increase by 5.9% in 2022 as inflation jumps
The Social Security COLA amounts to $92 a month for the average retired worker, according to estimates released by the Social Security Administration.
Companies hard-pressed for holiday staff despite millions of job openings
Companies that typically hire thousands of seasonal workers are heading into the holidays during one of the tightest job markets in decades, making it unlikely they’ll find all the workers they need.
Americans quit jobs at highest rate on record in August, Labor Department says
One reason America’s employers are having trouble filling jobs was starkly illustrated in a report Tuesday: Americans are quitting in droves.
Debt ceiling: Deal reached with GOP on short-term fix, Schumer says
A debt ceiling deal that would temporarily raise the limit through December has been reached with Republicans, Senate Majority Leader Chuck Schumer said.
7-story hotel with largest rooftop lounge in Detroit to open in 2023 in Corktown
Detroit's Corktown will soon get a 227-room, 7-story hotel with the city's largest rooftop lounge.
Biden calls on wealthy to ‘pay their fair share’ in speech on economy
President Biden says America's economy is at an inflection point during a speech Thursday afternoon.
Few options for jobless Americans after pandemic unemployment benefits expire
It's estimated that roughly 8.9 million Americans will lose all or some of these benefits.