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.
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.
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.
Here's how much more you'll pay to heat your home this winter
The average cost of heating a household this winter is set to increase by 17.2%, according to a forecast by the National Energy Assistance Directors Association.
Social Security cost-of-living increase could be largest in 40 years, estimate says
For the average retiree who got a monthly check of $1,656 this year, an adjustment of 8.7% would boost the payment by $144.10, according to an advocacy group’s estimate.
Expert says railroad worker strike would 'devastate' economy
Less than 48 hours away from a possible railroad strike and there’s another casualty involving passenger train travel. Amtrak announced it’s canceled all long-distance travel starting Thursday.
Massive rail strike could mean more supply chain issues
A possible worker strike would threaten the U.S. economy with an estimated cost of $2 billion per day.
Hard Rock spends $100M to raise pay for non-tipped US staff
Hard Rock International, the global gambling, entertainment and hospitality company, said Monday it is spending over $100 million to give significant raises to 10,000 non-tipped workers, most of them in the U.S.
Queen Elizabeth II is featured on several currencies. What happens now?
At one time, Queen Elizabeth II appeared on at least 33 different currencies, more than any other monarch, an achievement noted by Guinness World Records.
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.
Many underestimate their monthly subscription costs by at least $100, survey finds
On average, people misjudged their monthly subscription costs by $133, which is nearly $1,600 a year, according to a recent survey.
Michaels hiring 15K holiday employees ahead of busy retail season
Michaels says it's giving holiday hires more earning potential.
Credit Karma ordered to pay $3M for ‘tricking’ consumers with pre-approved offers
The FTC said Credit Karma wasted consumers’ time and hurt their credit scores when they applied for offers they weren’t actually pre-approved for.
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.
These 5 states could tax student loan forgiveness
Student loan borrowers in Mississippi will have to pay taxes on loan forgiveness, and four other states could follow suit.
DOJ: Ex-Romulus mayor used campaign funds for family member's wedding, yacht club dues, more
A former Romulus mayor pleaded guilty to wire fraud after authorities say he used campaign funds to pay for a family member's wedding, pay yacht club dues, take a vacation, and more.
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.
Lose power in Michigan? Here's how to apply for reimbursement from DTE, Consumers Energy
To be eligible for the credit, there's three circumstances under which customers can apply for the money.
Student loan forgiveness limited for many by US drug war's legacy
A generation of Black and Hispanic Americans was disproportionately shut out of one of the keys to Biden's plan, the Pell Grant program, as part of the “war on drugs.”