Where is inflation the highest? Chicago, New York rank near top
New data released by the Labor Department revealed which cities have the highest inflation rates.
Another restaurant chain files for Chapter 11 bankruptcy
BurgerFi International on Wednesday joined the group of restaurant chains that have filed for Chapter 11 bankruptcy protection this year.
Nearly a third of homeowners say they are ‘house poor’ in new survey
The financial strain of having a house has led some homeowners to sacrifice paying for other critical expenses, a recent survey finds.
Inflation continues to cool, latest numbers show
The prices of gas, groceries and cars are either falling or rising at slower rates than before the pandemic. That’s after peaking at a 40-year high in mid-2022.
Here's how much the typical American household earned last year
The inflation-adjusted median income of U.S. households rebounded last year to roughly its 2019 level.
Company plans to track workers' locations in return-to-office crackdown
One of the world's biggest consulting and accounting firms plans to monitor its employees' locations to ensure compliance with a stricter return-to-office policy set to take effect next year.
LL Flooring, hardware store once known as Lumber Liquidators, to close all 400 stores in bankruptcy proceeding
The hardware company filed for bankruptcy last month but has failed to find a buyer.
August jobs report shows job losses for US-born workers, gains for foreign-born
The August jobs report reveals a sharp contrast in the U.S. job market, with US-born workers losing over 1.3 million jobs in the past year, while foreign-born workers gained more than 1.2 million jobs.
US economy adds 142,000 jobs as unemployment rate falls slightly, Dept. of Labor reports
Hiring in the U.S. grew slightly in August compared to last month as the unemployment rate dipped for the first time in a few months.
Red Lobster may exit bankruptcy protection soon
Red Lobster is set to exit Chapter 11 bankruptcy protection after a judge approved its reorganization plan. The seafood chain plans to operate 544 locations and will introduce a new CEO, Damola Adamolekun, as it looks to stabilize its business following financial struggles and restaurant closures.
This is how long it takes to sell a house in California
Nationwide, the median number of days to close on a sale is 24.7 days, according to Redfin.
Big Lots weighing possibility of bankruptcy filing as sales dwindle
The discount retailer has faced declining sales.
Gen Z cynical about future as majority call cost of living the number one election issue
Gen Z young adults are "struggling to remain optimistic" about their economic futures, a new report says, as rising costs of living and unaffordable housing prices make them re-evaluate their dreams.
California is 'going bust,' finance expert who predicted Lehman collapse warns
Kiyosaki told users that "California is a BELL-Weather state. That means what happens in California happens to the rest of the US."
Inflation rises 2.9% in July, less than expected
Inflation fell in July to the lowest level in more than three years, a welcome sign for the Federal Reserve even as prices remained uncomfortably high for millions of Americans.
Caltrain debuts brand new all-electric fleet in San Francisco
Caltrain debuted its all-electric fleet before officials, including Governor Gavin Newsom, Speaker Emerita Nancy Pelosi and Mayor London Breed. The full fleet rolls out to the public Sept. 21st.
Paramount plans to cut thousands of U.S. jobs: 'These are difficult decisions to make'
Paramount executives outlined plans to cut 15% of the company’s U.S. workforce.
Dow drops 1K points, Japanese stocks suffer worst crash since 1987
Nearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.
Parents putting off bills, buying groceries to pay for back-to-school expenses, survey finds
Half of parents surveyed revealed that they plan to sacrifice necessities – such as groceries and bills – to make sure their kids are prepared for the school year.
Study ranks US states with most financially-distressed residents
WalletHub's recent study reveals the U.S. states with the most financially-distressed residents, highlighting surprising trends and economic struggles. Michigan tops the list, followed closely by Texas and Nevada.