Biden tells oil refiners: Produce more gas and diesel, fewer profits
In a draft letter to refiners, Biden said their profits have tripled during a time of war between Russia and Ukraine as Americans struggle with record-high gas prices.
Don’t pick up folded dollar bills, authorities warn
Authorities in Tennessee have issued a warning against picking up folded dollar bills after one was found containing a substance that tested positive for fentanyl.
What makes a bear market? Wall Street term explained
Wall Street is back in the claws of a bear market amid worries about inflation and higher interest rates. Here are answers to some common questions about bear markets.
Bitcoin, other cryptocurrencies collapse, major crypto lender Celsius Network halts operations
Bitcoin and other cryptocurrencies were collapsing in price Monday, after the major crypto lender Celsius halted all withdrawals citing “extreme market conditions."
Gas prices hit $5 nationwide for the first time ever
The national average price has jumped 19 cents in just the past week, and it is up $1.93 from this time last year.
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.
Summit of the Americas: President Biden discusses inflation, product shortages in San Pedro
President Biden made a speech at the Port of Los Angeles Friday on inflation and the actions the administration has taken to lower prices and address supply chain challenges.
Out-of-gas calls on the rise, AAA says
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.
Teens clueless on investing basics: study
A new study from Fidelity shows younger generation has little understanding of money issues.
Annual cost for child care up 41%: report
On average, parents are spending more than $14,000 a year on child care.
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.
Target is cutting prices to get rid of excess inventory
Consumer habits are shifting, and Target is trying to "right-size" its inventory.
Tipping in America is on the decline; that may be because many don’t know who to tip or how much
Americans became more generous during the pandemic, but inflation may change that.
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.
Downtown LA growing despite pandemic: report
Downtown LA is bouncing back and growing despite the ongoing COVID-19 pandemic.
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.
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.
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.
Elon Musk tells Tesla employees to return to office full-time or ‘depart’ company
Tesla CEO Elon Musk said employees who don't want to return to the office full-time should "pretend to work somewhere else."