US hiring slowed in August as employers face high inflation, sluggish spending
The economy added 315,000 jobs last month, down from 526,000 in July and below the average gain of the previous three months.
Bed Bath & Beyond to close stores, lay off workers in attempt to reverse losses
Bed Bath & Beyond says that it will shutter stores and lay off workers in a bid to turn around its beleaguered business.
Carvana expanding after laying off 2,500 employees earlier in the year; here's what you need to know
Months after Carvana laid off 12% of its workforce, the company, which is known nationwide for its multi-story car vending machines, is expanding once again.
Steak prices decline on waning demand
The cost of steak is on the decline while ground beef prices remain elevated as consumers adjust their protein preferences to escape soaring inflation.
Ford will cut 3,000 white-collar jobs to lower costs
Ford Motor Co. is cutting about 3,000 white-collar jobs as it attempts to lower costs and make the transition from internal combustion to electric vehicles.
Massive rent hikes may finally be coming to an end, economist says
Rent prices are still at an all-time high for many tenants, but data shows asking rent prices have begun to slow.
What's in the Inflation Reduction Act? Health care, climate change goals become law
President Joe Biden arrived at the White House promising to “build back” America, and now he has signed into law legislation with a slimmer version of that idea.
Whitmer proposes sales tax holiday for Michigan back-to-school shopping
With inflation upping prices, Michigan Gov.
Inflation Reduction Act: Biden signs massive climate and health care bill
President Joe Biden is preparing to sign Democrats’ landmark climate change and health care bill, which includes the most substantial federal investment in history to fight climate change.
US inflation slips from 40-year peak but remains high at 8.5%
Consumer prices jumped 8.5% in July compared with a year earlier, the government said Wednesday, down from a 9.1% year-over-year jump in June.
US added surprising 528K jobs in July despite inflation, recession fears
The American job market has repeatedly defied skeptics this year. Economists had expected only 250,000 new jobs this month.
Recession fears rise as economy shrinks for second straight quarter
The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession.
Are we in a recession? The definition of recession explained
Is the U.S. headed for a recession? It depends on who you ask.
What's in, and out, of Democrats' climate, health care and inflation bill
Here’s a look at the Democrats' "Inflation Reduction Act of 2022" as it stands after Senate Majority Leader Chuck Schumer and holdout Sen. Joe Manchin reached a deal.
Recession fears rise after US economy shrinks for second straight quarter
The latest figures are raising fears that the nation may be approaching a recession.
Manchin says deal reached with Schumer on tax and climate bill
In a startling turnabout, Senate Majority Leader Chuck Schumer and Sen. Joe Manchin have reached an expansive agreement that had eluded them for months on health care, energy and climate issues, taxes on higher earners and corporations and trimming the federal debt.
Fed hikes interest rate by 0.75 percentage points in bid to curb inflation
The Federal Reserve raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame high inflation.
Fed set to impose another big rate hike to fight inflation
Federal Reserve Chairman Jerome Powell Wednesday will address the Fed's plans to raise interest rates until inflation falls, even if it possibly slows economic growth.
Nearly half of Americans will take on debt this year despite higher borrowing costs: survey
Even with the Federal Reserve expected to raise borrowing rates again next week, adding debt is “not necessarily a bad sign," analysts say.
Soaring inflation hits 40-year mark, and for many it feels higher
"That's the reality when you look at the numbers because when you look at the (Consumer Price Index), the numbers that jumped by a lot are basically energy prices, food prices, and housing."