Federal Reserve plans to raise interest rates as soon as March
The Federal Reserve signaled Wednesday that it plans to begin raising its benchmark interest rate as soon as March, a key step in reversing its pandemic-era low-rate policies that have fueled hiring and growth but also escalated inflation.
The Federal Reserve signaled Wednesday that it plans to begin raising its benchmark interest rate as soon as March, a key step in reversing its pandemic-era low-rate policies that have fueled hiring and growth but also escalated inflation.
Unemployment claims climb to 286,000, the most since October
Jobless claims rose for the third straight week — by 55,000 to 286,000, highest since mid-October, the Labor Department reported Thursday.
Jobless claims rose for the third straight week — by 55,000 to 286,000, highest since mid-October, the Labor Department reported Thursday.
French fry shortage blamed on winter weather
An iconic restaurant brand says some of its Asian stores are limiting customer’s fry orders due to the ongoing supply chain and recent weather issues in southwestern Canada.
An iconic restaurant brand says some of its Asian stores are limiting customer’s fry orders due to the ongoing supply chain and recent weather issues in southwestern Canada.
US to allow teens to drive semi-trucks in test apprenticeship program
The U.S. is starting a test program to let 18-to-20-year-olds drive big rigs from state to state. Currently, truckers who cross state lines must be at least 21.
The U.S. is starting a test program to let 18-to-20-year-olds drive big rigs from state to state. Currently, truckers who cross state lines must be at least 21.
Navient cancels $1.7 billion in student loans following settlement
Navient, a major student loan servicing company, has settled allegations of abusive lending practices for $1.85 billion.
Navient, a major student loan servicing company, has settled allegations of abusive lending practices for $1.85 billion.
Inflation surges in December to highest rate since 1982
Prices paid by U.S. consumers jumped 7% in December from a year earlier, the highest inflation rate since 1982 and the latest evidence that rising costs for food, rent and other necessities are heightening the financial pressures on America's households.
Prices paid by U.S. consumers jumped 7% in December from a year earlier, the highest inflation rate since 1982 and the latest evidence that rising costs for food, rent and other necessities are heightening the financial pressures on America's households.
US Transportation Secretary Buttigieg visiting ports of LA, Long Beach Tuesday
For the eighth time, the ports of Los Angeles and Long Beach announced they're delaying implementing fees on companies whose import containers linger near ports.
For the eighth time, the ports of Los Angeles and Long Beach announced they're delaying implementing fees on companies whose import containers linger near ports.
Arizona CEO's answer to 'Great Resignation' is offering $5K bonuses for new hires to quit
Chris Ronzio, CEO of software company Trainual, is offering a $5,000 bonus for new hires to quit after just two weeks into their new jobs.
Chris Ronzio, CEO of software company Trainual, is offering a $5,000 bonus for new hires to quit after just two weeks into their new jobs.
'I've never seen prices like this before': Butcher says meat prices are up 40%
The Consumer Price Index says meat prices have gone up 13% over the last year, but one local butcher says it's even worse than that, saying prices have gone up closer to 40%.
The Consumer Price Index says meat prices have gone up 13% over the last year, but one local butcher says it's even worse than that, saying prices have gone up closer to 40%.
'Great Resignation' highlighted with record number of Americans quitting jobs in Nov. 2021
FOX 11's Hal Eisner looks into reasons why so many people are submitting their two-week notices.
FOX 11's Hal Eisner looks into reasons why so many people are submitting their two-week notices.
Spike in food prices expected to continue into 2022
Consumers are facing sticker shock at the grocery store and it's expected to continue in the new year. In November 2021, prices increased 7% from the previous year, the highest spike since 2008.
Consumers are facing sticker shock at the grocery store and it's expected to continue in the new year. In November 2021, prices increased 7% from the previous year, the highest spike since 2008.
GasBuddy says $4 per gallon national average not out of the question in 2022
Gas price projections from GasBuddy say that $4 per gallon as a national average is a possibility for 2022, a signal that the economy is recovering from the pandemic.
Gas price projections from GasBuddy say that $4 per gallon as a national average is a possibility for 2022, a signal that the economy is recovering from the pandemic.
Ports again delay fines for idling containers
The fee was announced back in October, but has been delayed numerous times. If necessary it'd go into effect Jan. 3.
The fee was announced back in October, but has been delayed numerous times. If necessary it'd go into effect Jan. 3.
This week is the busiest mailing week of the holiday season
This week is expected to be the busiest mail week of the holiday season. But you still have time to ship your cards and gifts. Here are the big deadlines to know.
This week is expected to be the busiest mail week of the holiday season. But you still have time to ship your cards and gifts. Here are the big deadlines to know.
US consumer inflation rate up 6.8% in past year, highest since 1982
Prices for U.S. consumers jumped 6.8% in November compared with a year earlier, the highest annual inflation rate in 39 years.
Prices for U.S. consumers jumped 6.8% in November compared with a year earlier, the highest annual inflation rate in 39 years.
US jobless claims hit lowest level in 52 years amid seasonal volatility
U.S. unemployment claims dropped to 184,000 last week, the lowest since September 1969 — offering more evidence that the job market is recovering.
U.S. unemployment claims dropped to 184,000 last week, the lowest since September 1969 — offering more evidence that the job market is recovering.
Better.com CEO Vishal Garg apologizes for firing 900 employees over Zoom
Vishal Garg, the CEO of Better.com, apologized for failing to show “the appropriate amount of respect and appreciation” for employees reportedly laid off via Zoom.
Vishal Garg, the CEO of Better.com, apologized for failing to show “the appropriate amount of respect and appreciation” for employees reportedly laid off via Zoom.
Debt ceiling: House passes bill paving way for increase ahead of deadline
The House passed a bill that will allow the Senate to raise the U.S. debt limit with a Democrats’ only majority vote, as the deadline draws near.
The House passed a bill that will allow the Senate to raise the U.S. debt limit with a Democrats’ only majority vote, as the deadline draws near.
California lags behind U.S. getting people back to work
California continues its nagging, lagging tussle with getting the workforce back to work.
California continues its nagging, lagging tussle with getting the workforce back to work.
November jobs report: US employers added a sluggish 210,000 jobs
U.S. employers slowed the pace of their hiring in November, adding 210,000 jobs, as the economy contends with inflation and shortages.
U.S. employers slowed the pace of their hiring in November, adding 210,000 jobs, as the economy contends with inflation and shortages.