Gas leak in Nord Stream pipelines likely caused by sabotage, Germany says
Russia says sabotage on the Nord Stream system cannot be ruled out
Costco CEO 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.
Dick's Sporting Goods announces plans to hire up to 9,000 for holidays
A slew of companies have already announced their seasonal hiring plans.
Macy's hiring 41K seasonal workers for the holidays
Macy's plans to hire 41,000 full and part-time seasonal workers for the upcoming holiday season. Over 10,300 seasonal workers in 2021 joined the company full-time.
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.
US housing recession could send home prices tumbling 20%, economist says
Home prices have already declined 5% from their May peak.
Dow hits 2022 low as markets sell off on recession fears
Stocks tumbled worldwide Friday on more signs the global economy is weakening, just as central banks raise the pressure even more with additional interest rate hikes.
Fed hikes rate by three-quarters of a point in continued fight against inflation
The Fed’s move boosted its benchmark short-term rate, which affects many consumer and business loans, to a range of 3% to 3.25%, the highest level since early 2008.
Existing home sales drop to lowest level since 2020
Sales of previously owned houses fell in August for the seventh consecutive month as rising interest rates pushed potential homebuyers out of the market.
Walmart to hire 40,000 mostly seasonal US workers for holidays
Walmart is taking a cautious approach to the holiday shopping season as retailers face a slowdown in consumer spending overall due to surging costs on things like rent and food.
Gap slashes 500 corporate jobs after pandemic, supply chain issues
The job cuts follow years of struggles at the San Francisco-based retailer, which operates stores under its namesake brand as well as Old Navy, Banana Republic and Athleta.
Halloween spending to reach record $10.6B: NRF
Consumers are expected to dole out $2.9B on costumes alone, the NRF reported.
Gallup: More than half of U.S. workers are ‘quiet quitting’
A poll shows that the workplace has gotten worse for younger employees, particularly those under 35 years old.
EXPLAINER: How the strong U.S. dollar can affect everyone
After rising again Friday, the dollar is near its highest level in more than two decades against a key index measuring six major currencies, including the euro and Japanese yen.
Union members reject deal 2 days before deadline to avoid massive rail strike
A potential strike could impact shipments of everything from clothes to cars, hurting businesses nationwide as they deal with ongoing supply chain problems. The deadline to avoid a strike is Friday.
Student loan forgiveness: DeSantis, Republican governors call on Biden to withdraw plan 'immediately'
Florida Governor Ron DeSantis has joined twenty-one other Republican governors in calling for President Joe Biden to take back his student loan forgiveness plan that they say will end up costing taxpayers billions of dollars.
Dow falls 1,250 as inflation maintains grip on US economy
Many of the data points within the inflation report were worse than economists expected, including some the Fed pays particular attention to, such as inflation outside of food and energy pri
Florida's minimum wage set to increase to $11
Minimum wage workers in Florida will soon get another pay boost as inflation remains a heavy burden for American households. In the second increase under a 2020 constitutional amendment, Florida’s minimum wage will go to $11 an hour on Sept. 30.
Inflation falls for 2nd consecutive month on lower gas prices
Inflation has driven up the costs of families’ grocery bills, rents, and utility costs, placing hardships on households and increasing gloom about the economy despite job growth and low unemployment.
Is inflation cooling off? It depends where you live
Western states facing inflation rate of 9.6% even as price increases show hint of slowdown.