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.
How Fed interest rate hike will affect you
The Federal Reserve announced its key interest rate will be raised by three-quarters of a point. The margin is small, but the impact is not. Economists expect all of us to feel the effects of this change, from the stock market to the grocery store.
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.
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.
Tentative railway labor deal reached, averting strike, Biden says
The tentative railway labor agreement averted a nationwide strike that could have been devastating to the economy.
A strike by railroad workers is looming: Here's how it could impact you
Here are some questions people are likely to have about the standoff, along with answers about what it means for the economy.
One union rejects tentative deal days ahead of rail strike deadline
Members of one union are rejecting a tentative deal with the largest U.S. freight railroads while three other unions remained at the bargaining table just days ahead of a national strike deadline.
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.
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
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.
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.
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.
Michaels hiring 15K holiday employees ahead of busy retail season
Michaels says it's giving holiday hires more earning potential.
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.
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.
Nationwide SNAP, EBT outage left millions unable to make payments at stores, some systems restored
A nationwide outage was reported on Sunday with SNAP, leaving more than a million people without the ability to use their EBT cards to make payments at retail stores.
Consumer prices rise to 6.3% in July as inflation begins to ease a bit
A report released by the Commerce Department reveals that a decline in energy prices in July offered some relief amid high prices caused by inflation.
Student loan forgiveness: Biden unveils plan to cancel $10K in student debt
Biden unveiled a plan to provide $10,000 of federal student loan debt relief for borrowers who earn under $125,000 annually, and more for those with the greatest financial need.