Federal Reserve raises interest rate to cool off inflation

For the first time since 2018, the Federal Reserve has raised its interest rate. Economists say it’s necessary to reign in inflation, but it will come with a short-term cost to your wallet.

What is shrinkflation? How companies hide inflation without increasing prices

If you haven’t seen a price increase on a product or service you purchased recently, chances are that the company may still be passing along the rising costs to you without the obvious price hikes.

St. Patrick's Day in Savannah welcomes back big crowds: `We needed this’

Thousands in green T-shirts, bowler hats, feather boas, with nary a mask in sight, crowded shoulder-to-shoulder along sidewalks and inside bustling bars Thursday as the South’s largest St. Patrick's Day parade returned in Savannah following a two-year coronavirus hiatus.

Federal Reserve hikes interest rate to fight inflation, more to come

The Federal Reserve launched a high-risk effort to tame the worst inflation since the 1970s, raising its benchmark short-term interest rate and signaling potentially up to seven rate hikes this year.

US retail spending slows as inflation starts to bite

After beginning the year in a buying mood, Americans slowed their spending in February on gadgets, home furnishings and other discretionary items as higher prices for food, gasoline, and shelter are taking a bigger bite out of their wallet.

The Great Resignation: Pew Research finds tie in reasons workers quit their jobs in 2021

Latest numbers show another 4.3 million Americans quit their jobs in January. Some call it the Great Resignation. Others, the Great Realization. The top reasons for leaving were a tie.

Canned pet food shortage continues amid supply chain woes

The canned pet food industry continues to feel the burn as supply chain woes and increases in price leave many pet owners improvising their dog or cat’s next meal.

US inflation soared 7.9% in past year, a fresh 40-year high

Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.

Biden to sign order mandating study of cryptocurrency as its use explodes

The Biden administration views the explosive popularity of cryptocurrency as a call for acting with urgency to look at the risks and benefits of digital assets.

Target wage hike: Workers' pay could reach $24 an hour this year

Workers at Target stores and distribution centers in places like New York, where competition for finding and hiring staff is tough, could see starting wages as high as $24 an hour this year.

Arizona Senate votes to create tax credit for film producers

The proposed Arizona tax credit would be fully refundable, meaning film producers could collect a tax refund even if they don’t owe any taxes to the state.

Georgia ports chief plans aggressive expansion by 2025

The executive in charge of Georgia’s seaports called Thursday for an aggressive expansion that would grow the Port of Savannah’s capacity for cargo shipped in containers by 58% over the next three years.

Number of Americans collecting unemployment lowest since 1970

The number of Americans collecting unemployment benefits fell to a 52-year low after another decline in jobless aid applications last week.

Interest rates could increase more than traditional quarter-point, US Fed governor says

Federal Reserve Governor Michelle Bowman says she's open to lifting interest rates by more than the traditional quarter-point at the central bank’s next meeting in March.