Billionaire supermarket CEO: Buy now, food inflation will only get much worse
John Catsimatidis says food prices could increase 20% by summer.
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.
Gas prices turning long commutes into financial nightmares
Skyrocketing gas prices have made things especially difficult for people with extended commutes. One person even said they're putting off having children because it's just too expensive.
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.
Truck drivers hit hard by rising gas prices
As gas prices continue to skyrocket across the state and across LA County, truck drivers are feeling the hit especially hard.
LA County minimum wage to increase starting July 1
The minimum wage in unincorporated areas of LA County will increase by 6.4% starting in July.
Russia now has the most sanctions of any country in the world, database shows
The U.S. and international partners have sanctioned Russia’s largest banks, its central bank and finance ministry, and moved to block certain financial institutions from the SWIFT messaging system for international payments.
Dollar General creating 10,000 new jobs in 2022
Discount retail chain Dollar General plans on hiring another 10,000 workers by the end of the fiscal year as it continues expanding.
LA, Orange County gas prices see biggest spike since 2015
Gas prices in LA and Orange county jumped Friday by the biggest margin since July 2015.
Planning a summer trip? Book your rental car now, experts say
Rental cars will be expensive and hard to find, according to travel experts. But here are some suggestions on how to save money on rental cars this year.
Beer prices may increase due to Ukraine invasion
Russia's invasion of Ukraine has caused many people to boycott Russian vodka, the conflict may also have an impact on beer drinkers as well.
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.
Rising gas prices: Ways to maximize your fuel economy
As gas prices continue to climb, here are some tips and tricks to help save you money and maximize your fuel economy.
US suspends avocado imports from Mexico
The suspension of avocado imports from Mexico has to do with a threat a safety inspector in Mexico received, as avocado exports are becoming the latest victim of the drug cartel turf battles.
US inflation report: Consumer prices jumped 7.5% in past year, a 40-year high
U.S. inflation jumped 7.5% last month compared with 12 months earlier, the steepest year-over-year increase since February 1982.
Democrats propose temporary suspension of federal gas tax to offset soaring prices
The Gas Prices Relief Act would eliminate the 18.4 cents per gallon fuel tax for the rest of 2022.
Number of small businesses raising prices due to inflation hits 48-year high, NFIB says
The number of small businesses that raised prices in January amid high inflation rose to levels not seen since 1974, the National Federation of Independent Business said.
Will customers be hit with higher prices when LA's minimum wage increases?
FOX 11's Hal Eisner spoke with hourly-waged workers to hear their thoughts on LA's plan to raise the minimum wage to $16.04 an hour this summer.
Starbucks to raise menu prices to offset inflation
The Seattle-based coffee franchise had already raised prices — once in October 2021 and December 2021 — but inflation woes and labor issues have forced the company to hike prices once again.