Biden to release up to 15 million barrels of oil from strategic reserve

President Joe Biden will announce the release of 15 million barrels of oil from the U.S. strategic reserve Wednesday as part of a response to recent production cuts announced by OPEC+ nations.

Social Security benefits to jump by 8.7% in 2023

The Social Security cost-of-living adjustment means the average recipient will receive more than $140 a month starting in January.

Supreme Court to hear case that could raise price of bacon, other pork products

The case involves California's Prop 12, which says that pork sold in the state needs to come from pigs whose mothers were raised with at least 24 square feet of space.

Detroit to pay residents to complete education, enter jobforce

The city of Detroit is announcing a unique plan to entice the unemployed and encourage job recruiters to get employees working in the Motor City.

3rd-largest railroad union rejects deal, renewing possibility of strike

The third largest railroad union rejected its deal with the railroads Monday — renewing the possibility of a strike that could cripple the economy — but before that could happen both sides will return to the bargaining table.

Biggest Social Security cost-of-living increase in decades expected this week

Roughly 70 million Americans are likely to see a notable boost in their monthly checks. Here’s what to know ahead of the expected COLA increase announcement this week.

Nobel economics prize awarded to former Fed chair Ben Bernanke, 2 other Americans

The Nobel Prize winners’ research took on great real-world significance when investors sent the financial system into a panic during the fall of 2008.

Free program gives computer training for women re-entering the workforce

“It can be somebody that’s taking care of kids, somebody that stayed home to take care of loved ones, someone who stayed home for Covid," said Sherrie James, Gesher Human Services. "It can be any reason that women are re-entering the workplace.”

Parents can still claim their expanded child tax credit by Nov. 15, 2022 — here's how

Qualifying families who didn’t file a 2021 tax return still have until mid-November 2022 to claim their remaining Child Tax Credit funds and can use this simple tool.

The Great Resignation: How much does it cost to quit your job?

Quitting your job without a new one lined up is a daunting task, and will cost each person differently. Here are some tips for figuring out your number.

Costco CFO says hot dog combo price might remain $1.50 forever

Costco CFO Richard Galanti said the company's gas and travel sectors allowed the company to make up for loss at the food court.

CBO: Biden's student loan cancellation plan to cost $400B

The Biden administration previously estimated the plan would cost about $24 billion a year over the next 10 years.

New rule will reveal 'true cost' of airline tickets, White House says

President Joe Biden plans to announce a new initiative that would eventually allow consumers to see a more complete price on airline tickets before they buy them.

Butter shortage drives up prices ahead of holiday baking season

The average price of butter in August jumped 24.6% compared to a year ago, U.S. labor statistics show. Here’s what is driving the increase.