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Economy

Latest updates on the U.S. economy.

Netflix is hiring a flight attendant for one of its private jets—and the job pays up to $385,000

Netflix is hiring a flight attendant for one of its private jets—and the job pays up to $385,000

Job candidates can apply now for the role on the Netflix website for a chance to travel and earn a quality salary.

January 18, 2023 10:55am EST
US inflation slows to 6.5% over past 12 months, easing some pressure

US inflation slows to 6.5% over past 12 months, easing some pressure

The softer readings add to growing signs that the worst inflation in four decades is gradually waning.

January 12, 2023 12:20pm EST
Biden, López Obrador, Trudeau show unity during summit, downplay tensions

Biden, López Obrador, Trudeau show unity during summit, downplay tensions

President Joe Biden, Mexican President Andrés Manuel López Obrador and Canadian Prime Minister Justin Trudeau are seeking to downplay their frustrations with one another on migration and trade as they meet for the North American Leaders Summit.

January 10, 2023 9:31pm EST
Record number of Americans are paying $1000 a month or more for monthly car payments, data shows

Record number of Americans are paying $1000 a month or more for monthly car payments, data shows

More than 15% of consumers who financed a new vehicle toward the end of 2022 committed to paying more than $1,000 a month, the highest percentage ever recorded.

January 6, 2023 2:13pm EST
FTC proposes rule banning noncompete clauses for workers

FTC proposes rule banning noncompete clauses for workers

The Federal Trade Commission says the rule would open new job opportunities for 30 million Americans and raise wages by $300 billion a year.

January 5, 2023 4:01pm EST
Holiday sales increase 7.6% despite the squeeze of inflation

Holiday sales increase 7.6% despite the squeeze of inflation

U.S. sales between Nov. 1 and Dec. 24, a period that is critical for retailers, were fueled by spending at restaurants and on clothing.

December 26, 2022 12:14pm EST
Here's how much pay Americans say they'd need to start a new job

Here's how much pay Americans say they'd need to start a new job

A recent survey from the Federal Reserve Bank of New York reveals most people will hop to a new job for a starting salary a little over $73,000 a year.

December 22, 2022 7:24pm EST
Senate passes $1.7T spending bill to fund government, aid Ukraine

Senate passes $1.7T spending bill to fund government, aid Ukraine

The Senate has passed a $1.7 trillion bill to finance federal agencies through September, aid Ukraine and provide assistance to communities recovering from hurricanes, floods and other natural disasters.

December 22, 2022 5:16pm EST
Treasury department delays electric vehicle tax credit changes

Treasury department delays electric vehicle tax credit changes

The Treasury Department has pushed the issuance of guidance for new electric vehicle tax credit rules from January to March as it continues to develop them.

December 20, 2022 5:58pm EST
How Federal Reserve’s series of rate hikes could affect your finances

How Federal Reserve’s series of rate hikes could affect your finances

As interest rates increase, many economists say they fear a recession could happen — and with it, job losses that may cause hardship for households already badly impacted by inflation.

December 15, 2022 10:25am EST
Nearly half of US workers hope to get promoted, a raise in 2023, survey shows

Nearly half of US workers hope to get promoted, a raise in 2023, survey shows

According to the survey, which polled 1,000 full-time U.S. employees in December, the majority of respondents (60%) felt somewhat valued or not at all valued at work.

December 14, 2022 7:54pm EST
US lawmakers announce 'framework' on bill to avoid government shutdown

US lawmakers announce 'framework' on bill to avoid government shutdown

Congress faces a midnight Friday deadline to pass a spending bill to prevent a partial government shutdown.

December 14, 2022 2:27pm EST
Fed raises key interest rate by half a point, signals more to come

Fed raises key interest rate by half a point, signals more to come

The latest move will further heighten the costs of many consumer and business loans and increases the risk of a recession.

December 14, 2022 2:13pm EST
US inflation slowed to 7.1% over past 12 months

US inflation slowed to 7.1% over past 12 months

This is the fifth straight month with a slowdown.

December 13, 2022 11:44am EST
These US states are raising minimum wage in 2023, with 4 above $15

These US states are raising minimum wage in 2023, with 4 above $15

More than 20 states are raising their minimum wage next year, some adjusting for inflation and others to build their way up to the called-for $15 an hour.

December 7, 2022 1:59pm EST
Rail workers say deal to avoid strike won't resolve quality-of-life concerns

Rail workers say deal to avoid strike won't resolve quality-of-life concerns

Workers and their unions say the deal doesn't do enough to address their quality-of-life concerns and doesn't add any sick days.

December 3, 2022 4:03pm EST
Black Friday taking a back seat to Small Business Saturday this year

Black Friday taking a back seat to Small Business Saturday this year

Inflation is shifting consumers' and retailers' behavior.

November 24, 2022 3:29pm EST
Explainer: Why a rail strike is looming, and the wide impact it'd have on the economy

Explainer: Why a rail strike is looming, and the wide impact it'd have on the economy

American consumers and nearly every industry will be affected if freight trains grind to a halt next month. Here's what to expect.

November 22, 2022 3:06pm EST
Federal Reserve raises interest rate by three-quarters of a point

Federal Reserve raises interest rate by three-quarters of a point

The Fed’s move raised its key short-term rate to a range of 3.75% to 4%, its highest level in 15 years.

November 2, 2022 6:38pm EDT
Aldi matching 2019 Thanksgiving prices

Aldi matching 2019 Thanksgiving prices

From free turkeys to major discounts, grocery stores are prepping for a Thanksgiving set against surging inflation.

November 2, 2022 1:29pm EDT
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Michigan minimum wage increasing January 1 - See full increase schedule

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Disgraced Rochester Hills doctor to spend up to 60 years behind bars for sex crimes

Disgraced Rochester Hills doctor to spend up to 60 years behind bars for sex crimes

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Trump Administration threatens to withhold SNAP benefits from Democratic-controlled states

Man accused of murdering stepfather in Pontiac

Man accused of murdering stepfather in Pontiac

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SCOTUS will allow Texas to use redrawn congressional map for 2026 election

SCOTUS will allow Texas to use redrawn congressional map for 2026 election

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