Biden endorses FTC's plan to eliminate hidden fees: 'They sure matter to working folks'

President Joe Biden on Wednesday announced a proposed rule by the Federal Trade Commission to ban any hidden and bogus junk fees, which can mask the total cost of concert tickets, hotel rooms and utility bills.

UAW strike update: Ford, GM lay off more workers

More General Motors and Ford employees were told to not come to work this week as the UAW strike continues.

UAW Strike inflicts nearly $4 billion in losses, analysis shows

The economic damage from the strike will continue to worsen each week that workers are off the line. After last week's added targets, one automaker is expected to hit particularly hard.

Gas prices unseasonably high despite a drop in demand: AAA

Nationwide gas prices dipped on average by only three cents to $3.83 for the week ending Sept. 28, according to AAA.

Fed pauses interest rate hikes in September but could raise rates again this year

The Federal Reserve paused interest rates in its September meeting. But inflation remains high as Americans deal with record credit card debt. Here’s what to do.

US national debt hits $33T for first time in history

The U.S. national debt exceeded $33 trillion on Monday for the first time ever, setting off alarm bells over unprecedented levels of government spending.

'What Detroiters deserve': Plan would drop Detroit homeowners' taxes

Detroit Mayor Mike Duggan is touting a new plan to reduce taxes for homeowners in the city. Under the Land Value Tax plan, most of the city's homeowners would see their taxes drop 17%.

Katy Perry sells music catalog for $225 million

On Monday, the company announced that the deal would include Perry's five studio albums that she recorded for Capitol Records between 2008 and 2020. The sale is worth $225 million, according to multiple reports.

Experts worry UAW strike could tip U.S. economy into recession

Dealerships are worried interest rates and less vehicle supply could hurt consumers. But there are worries of bigger fiscal cliffs on the way.

Millionaire CEO who said there needs to be higher unemployment to punish 'arrogant' employees, apologizes

Tim Gurner, a multi-millionaire CEO of Gurner Group, a real estate company founded in 2013, said at a conference that COVID-19 created a work culture in which employees' attitudes and work ethic deteriorated.

UAW strike implications: Michigan hit hardest while car prices expected to rise

The cost of a car could go up whether there's a strike causing less supply, or a higher negotiated wage trickling down to the consumer. But just how much? One experts says between $800 - $1,200 per vehicle.