Inflation hurting infrastructure projects as costs for supplies spike
Experts said the money allocated for infrastructure building is "essentially evaporating" due to pain from inflation.
Experts said the money allocated for infrastructure building is "essentially evaporating" due to pain from inflation.
Gas prices soar around the world amid Russia-Ukraine war, rebound from COVID-19
Energy prices are a key driver of inflation that is rising worldwide and making the cost of living more expensive.
Energy prices are a key driver of inflation that is rising worldwide and making the cost of living more expensive.
US Treasury Secretary Janet Yellen says recession is not inevitable
She also discussed Sunday an openness to lowering the federal gas tax to give drivers some relief at the pump.
She also discussed Sunday an openness to lowering the federal gas tax to give drivers some relief at the pump.
100 million Americans carry medical debt with some owing more than $10K, poll finds
Some people say they have medical debt they owe to a relative or friend for a loan they received to pay a medical or dental bill.
Some people say they have medical debt they owe to a relative or friend for a loan they received to pay a medical or dental bill.
Whitmer signs bill to require financial literacy course in Michigan high schools
A bill signed by Michigan Gov. Gretchen Whitmer would add a financial literacy course to the curriculum requirements to graduate high school.
A bill signed by Michigan Gov. Gretchen Whitmer would add a financial literacy course to the curriculum requirements to graduate high school.
Fed raises key interest rate in largest hike since 1994
The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades.
The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades.
Biden tells oil refiners: Produce more gas and diesel, fewer profits
In a draft letter to refiners, Biden said their profits have tripled during a time of war between Russia and Ukraine as Americans struggle with record-high gas prices.
In a draft letter to refiners, Biden said their profits have tripled during a time of war between Russia and Ukraine as Americans struggle with record-high gas prices.
Meijer shopper charged $1,500 for $68 purchase
Multiple customers were overcharged at a Michigan Meijer over the weekend.
Multiple customers were overcharged at a Michigan Meijer over the weekend.
Americans feeling the stress from inflation
Ask pretty much anyone how they feel about rising gas and food prices, and they won’t have nice things to say. Fox 9 asked a local financial expert and a local psychologist their best tips to relieve the current financial stress and make their dollars stretch further.
Ask pretty much anyone how they feel about rising gas and food prices, and they won’t have nice things to say. Fox 9 asked a local financial expert and a local psychologist their best tips to relieve the current financial stress and make their dollars stretch further.
These electric vehicles are cheaper to own than gas ones now
Building electric vehicles is expensive, which is why their prices are high, and it's mostly about the batteries.
Building electric vehicles is expensive, which is why their prices are high, and it's mostly about the batteries.
Bitcoin, other cryptocurrencies collapse, major crypto lender Celsius Network halts operations
Bitcoin and other cryptocurrencies were collapsing in price Monday, after the major crypto lender Celsius halted all withdrawals citing “extreme market conditions."
Bitcoin and other cryptocurrencies were collapsing in price Monday, after the major crypto lender Celsius halted all withdrawals citing “extreme market conditions."
Average gas price in US jumped nearly 40 cents in recent weeks
The average price at the pump is nearly $2 higher than it was one year ago.
The average price at the pump is nearly $2 higher than it was one year ago.
Gas prices hit $5 nationwide for the first time ever
The national average price has jumped 19 cents in just the past week, and it is up $1.93 from this time last year.
The national average price has jumped 19 cents in just the past week, and it is up $1.93 from this time last year.
Out-of-gas calls on the rise, AAA says
In April alone, AAA received 50,787 calls from stranded drivers.
In April alone, AAA received 50,787 calls from stranded drivers.
US inflation hit 8.6% in May, a new 40-year high
Consumer prices surged 8.6% last month from 12 months earlier, faster than April’s year-over-year surge of 8.3%, the Labor Department said Friday.
Consumer prices surged 8.6% last month from 12 months earlier, faster than April’s year-over-year surge of 8.3%, the Labor Department said Friday.
Bill requiring students take personal finance class at Michigan high schools clears legislature
The bill had widescale bipartisan support during its second trip through the Michigan legislature.
The bill had widescale bipartisan support during its second trip through the Michigan legislature.
No, you're not imagining it — package sizes are shrinking, here's why
Shrinkflation isn’t new, experts say. But it increases during times of high inflation as companies grapple with high costs for ingredients, packaging, labor, and transportation.
Shrinkflation isn’t new, experts say. But it increases during times of high inflation as companies grapple with high costs for ingredients, packaging, labor, and transportation.
Target is cutting prices to get rid of excess inventory
Consumer habits are shifting, and Target is trying to "right-size" its inventory.
Consumer habits are shifting, and Target is trying to "right-size" its inventory.
Inflation zaps US savings rate, a warning sign for some
Consumers haven’t been this worried since the financial crisis of 2008.
Consumers haven’t been this worried since the financial crisis of 2008.
Key inflation measure slowed in April for the first time since 2020
High inflation is still causing hardships, but any slowing of price increases, if it can be sustained, will provide some modest relief.
High inflation is still causing hardships, but any slowing of price increases, if it can be sustained, will provide some modest relief.