High inflation is costing Americans an extra $1K a month
Americans are now facing an additional financial burden of $1,069 per month due to high inflation compared to three years ago.
America's top 1% has total net worth of $44 trillion
Recent Federal Reserve data reveals that America's wealthiest 1%, with assets exceeding $11 million, amassed a record $44.6 trillion in wealth by the end of the fourth quarter of 2023, with fluctuations observed based on geographical location.
Americans are still craving connection post-pandemic. The eclipse is creating that moment for us.
Millions of Americans are eager to socialize and make this eclipse a special moment – which includes splurging on the day, data shows.
Why are food prices so high despite inflation falling?
Even if the cost of groceries declines, researchers say it's harder to notice decreasing food prices when the overall cost of living remains steep.
Baltimore bridge collapse will likely cause product shortages, supply chain manager warns
One expert said consumers could see price hikes to cover costs of rerouting shipments.
Three reasons why egg prices are so high ahead of Easter
Egg prices are reaching near-historic highs globally as Easter and Passover approach, reflecting market turbulence driven by disease, high demand, and rising costs for farmers.
More people moved to these US counties in 2023 than anywhere else
The U.S. Census Bureau released data on Thursday showing the top 10 counties in the country with the most population growth in 2023.
Congress passes $460 billion in spending bills, avoiding government shutdown
The Senate has approved a $460 billion package of spending bills in time to meet a midnight deadline for avoiding a shutdown of many key federal agencies.
Wendy's to test 'surge-pricing' menu that updates based on demand
Dynamic pricing, similar to Uber, is coming to Wendy's. The chain will invest in new high-tech digital menus to adjust prices depending on restaurant traffic.
How attacks in the Red Sea are cramping global trade; what it means for retailers
The cost to ship a standard 40-foot container from China to northern Europe has jumped from $1,500 to $4,000, according to the Kiel Institute for the World Economy in Germany.
Bread market expected to skyrocket, make big gains by 2027
A research firm predicts that the global bread market will gain $118.37 billion in value by 2027.
Great wealth transfer is underway in US — to women
A McKinsey & Company study released in 2020 found women are set to control much of the unprecedented $30 trillion in assets held by baby boomers by the end of the decade.
High grocery costs in 2024; how to save money at the store
Prices at the grocery store have been skyrocketing, forcing many to spend a good chunk of their income just to keep food on the table. So how can you save money at they store?
US home prices hit a new record high in November
US home prices rise again in November as inventory shortage persists
Congress OKs spending bill to avert government shutdown through early March
Congress has sent President Joe Biden a short-term spending bill that would avert a looming partial government shutdown and fund federal agencies into March.
Major bank announces elimination of 20,000 jobs after losses
Citigroup announced a net loss of $1.8 billion in the fourth quarter.
Lower gas prices expected in 2024 and weather, geopolitics could play role
Analysts said growing oil production in the U.S., as well as greater inventories, could lead to prices falling by at least 15 cents through the year.
US national debt nears $34 trillion; majority of voters say economy is in bad shape
The U.S. government’s total debt was fast approaching $34 trillion as of Friday afternoon, according to the latest numbers from the U.S. Treasury.
Housing affordability plummeted to lowest level on record in 2023
Just a fraction of homes for sale in 2023 were affordable for the typical American
Gen X advised to ‘stop spending’ due to largest retirement savings wealth gap of any generation
Economist argues less spending equals a 'milder’ recession.