Janet Yellen responds to Cardi B’s recession prediction: ‘I don’t have that much time for her’
Treasury Secretary Janet Yellen says she feels confident in the strength of the U.S. economy.
Treasury Secretary Janet Yellen says she feels confident in the strength of the U.S. economy.
Canada's 'OPEC of maple syrup' records record harvest of 211.3 million pounds
Syrup harvest in Canada surpasses records set in 2020.
Syrup harvest in Canada surpasses records set in 2020.
Biden blames pandemic, Putin as high US inflation persists
In President Joe Biden’s estimation, the U.S. is in a strong position to overcome the worst inflation in more than 40 years. But so far, inflation just keeps getting the better of the U.S. economy and of the Biden administration.
In President Joe Biden’s estimation, the U.S. is in a strong position to overcome the worst inflation in more than 40 years. But so far, inflation just keeps getting the better of the U.S. economy and of the Biden administration.
Out-of-gas calls on the rise, AAA says
In April alone, AAA received 50,787 calls from stranded drivers.
In April alone, AAA received 50,787 calls from stranded drivers.
US inflation hit 8.6% in May, a new 40-year high
Consumer prices surged 8.6% last month from 12 months earlier, faster than April’s year-over-year surge of 8.3%, the Labor Department said Friday.
Consumer prices surged 8.6% last month from 12 months earlier, faster than April’s year-over-year surge of 8.3%, the Labor Department said Friday.
No, you're not imagining it — package sizes are shrinking, here's why
Shrinkflation isn’t new, experts say. But it increases during times of high inflation as companies grapple with high costs for ingredients, packaging, labor, and transportation.
Shrinkflation isn’t new, experts say. But it increases during times of high inflation as companies grapple with high costs for ingredients, packaging, labor, and transportation.
Soaring gas prices pump the brakes on return-to-work efforts
Google employees, contractors protest return-to-work requirement wiping out paycheck with costly commute.
Google employees, contractors protest return-to-work requirement wiping out paycheck with costly commute.
Go-broke dates pushed back for Social Security, Medicare
Social Security retirees got a 5.9% boost in benefits this year, the biggest cost-of-living adjustment in 39 years.
Social Security retirees got a 5.9% boost in benefits this year, the biggest cost-of-living adjustment in 39 years.
May jobs report: US added 390,000 jobs last month as hiring remained robust
U.S. employers added a healthy 390,000 jobs in May 2022, extending a streak of solid hiring that has bolstered an economy under pressure from high inflation and interest rates.
U.S. employers added a healthy 390,000 jobs in May 2022, extending a streak of solid hiring that has bolstered an economy under pressure from high inflation and interest rates.
Walmart to create 4,000 jobs with 4 new fulfillment centers
The first of the four new new fulfillment centers will open this summer in Illinois. These centers will provide faster shipping of items to customers.
The first of the four new new fulfillment centers will open this summer in Illinois. These centers will provide faster shipping of items to customers.
US gas prices could top $5 a gallon by mid-June, analyst predicts
With gas prices exceeding $4 nationwide, one expert believes there’s a way you can save a few dollars at the pump by changing your driving habits.
With gas prices exceeding $4 nationwide, one expert believes there’s a way you can save a few dollars at the pump by changing your driving habits.
Study: Spending more on cancer care does not lower mortality rates
The U.S. spends $200 billion dollars on cancer care yet reports mortality rates higher than so many other high-income countries. Experts hoped this latest study would provide an answer.
The U.S. spends $200 billion dollars on cancer care yet reports mortality rates higher than so many other high-income countries. Experts hoped this latest study would provide an answer.
City of Seattle passes legislation that guarantees a minimum wage for delivery drivers
The Seattle City Council has unanimously passed legislation that would guarantee a minimum wage for app-based delivery drivers and gig workers, making it the first city in the nation to do so.
The Seattle City Council has unanimously passed legislation that would guarantee a minimum wage for app-based delivery drivers and gig workers, making it the first city in the nation to do so.
Inflation zaps US savings rate, a warning sign for some
Consumers haven’t been this worried since the financial crisis of 2008.
Consumers haven’t been this worried since the financial crisis of 2008.
Amazon tests package deliveries directly from shopping malls
Amazon’s new service gives customers a convenient option to have merchandise delivered to their homes faster.
Amazon’s new service gives customers a convenient option to have merchandise delivered to their homes faster.
Key inflation measure slowed in April for the first time since 2020
High inflation is still causing hardships, but any slowing of price increases, if it can be sustained, will provide some modest relief.
High inflation is still causing hardships, but any slowing of price increases, if it can be sustained, will provide some modest relief.
Chili’s restaurants using robot servers to make jobs easier for workers
Working in a restaurant is 'harder than ever before,' said Wade Allen of Brinker International
Working in a restaurant is 'harder than ever before,' said Wade Allen of Brinker International
More Memorial Day travel expected, despite high gas prices
AAA estimates that millions of people will travel 50 miles or more during the holiday weekend with the majority of them driving their cars.
AAA estimates that millions of people will travel 50 miles or more during the holiday weekend with the majority of them driving their cars.
Atlanta records all-time low unemployment rate with nearly 3M jobs
Atlanta dropped to an all-time low unemployment rate of 2.4% in April and ended the month with over 180,000 more jobs in the area since the same time last year.
Atlanta dropped to an all-time low unemployment rate of 2.4% in April and ended the month with over 180,000 more jobs in the area since the same time last year.
Bank of America to raise minimum wage to $22 an hour
It’s part of the bank’s phased approach to raising its minimum wage to $25 an hour by 2025.
It’s part of the bank’s phased approach to raising its minimum wage to $25 an hour by 2025.