Costco CEO says hot dog combo price might remain $1.50 forever

Costco CFO Richard Galanti said the company's gas and travel sectors allowed the company to make up for loss at the food court.

Butter shortage drives up prices ahead of holiday baking season

The average price of butter in August jumped 24.6% compared to a year ago, U.S. labor statistics show. Here’s what is driving the increase.

Fed hikes rate by three-quarters of a point in continued fight against inflation

The Fed’s move boosted its benchmark short-term rate, which affects many consumer and business loans, to a range of 3% to 3.25%, the highest level since early 2008.

EXPLAINER: How the strong U.S. dollar can affect everyone

After rising again Friday, the dollar is near its highest level in more than two decades against a key index measuring six major currencies, including the euro and Japanese yen.

Typical monthly payment for a new vehicle hits record $743

The new-car market has been hit by the semiconductor shortage and supply chain disruptions for over a year, resulting in lower production and higher prices.

Inflation falls for 2nd consecutive month on lower gas prices

Inflation has driven up the costs of families’ grocery bills, rents, and utility costs, placing hardships on households and increasing gloom about the economy despite job growth and low unemployment.

Massive rail strike could mean more supply chain issues

A possible worker strike would threaten the U.S. economy with an estimated cost of $2 billion per day.

Is inflation cooling off? It depends where you live

Western states facing inflation rate of 9.6% even as price increases show hint of slowdown.

OPEC, allies cutting world oil supplies as prices fall

The move signals their unhappiness with crude oil prices that have dropped because of recession fears.