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.

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.

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.

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.

'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%.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Christmas tree buyers face reduced supplies and higher prices

Record-breaking heat and wildfires in late June took a heavy toll on Christmas tree farms in Oregon and Washington, two of the nation’s largest growers.

Biden to discuss plans to alleviate supply chain woes, inflation ahead of holidays

Rising inflation is leading to price increases for millions around the world, forcing people to choose between digging deeper into their pockets or tightening their belts.

Strong Cyber Monday sales expected but could fall short of 2020 spending

Consumers are expected to spend between $10.2 billion and $11.3 billion on Monday, making it once again the biggest online shopping day of the year, according to Adobe Digital Economy Index.