American families are feeling the financial pain of rising inflation costs, while retirees are able to avoid the stress.
Bitcoin losses have come during elevated geopolitical tensions and rising inflation.
Wholesale inflation in the United States economy shot up by 11% in April after striking a record high in March over surging food and gas prices.
Inflation stayed uncomfortably strong in April after growing by another 8.3% in a sign that efforts to combat it may not be doing enough to contain its ascent.
Less firms are requiring potential hires to show they are vaccinated against COVID-19 as they race to fill gaps in their workforces.
The national average for gasoline reached a record high of $4.374 per gallon on Tuesday, according to AAA.
New polling reveals that low income earners in the US are much more concerned about the economy than middle/upper income earners.
Stocks declined on Monday as markets continued to absorb the Federal Reserve's recent interest rate hike as both the Fed and the market fret that the U.S. economy is heading towards a recession.
Exceptional skill is the one thing that inflation cannot touch, Buffett says.
A key inflation index that is favored by the Federal Reserve showed that inflation rose by 5.2% in March and 6.6% in the last year. The news arrives only days before the Fed is expected to hike rates again.
The U.S. economy has been battered by a maelstrom of challenges at home and abroad, pushing GDP to contract by 1.4% in the first quarter of 2022.
The $850 relief checks will be sent to approximately 858,000 Maine residents.
The U.S. economy has a 35% chance of tipping into recession amidst rising inflation and plans by the Federal Reserve to raise interest rates in the coming months, according to analysts from Goldman Sachs.
Food costs are predicted to rise between 4.5% to 5.5% in the coming months.
Prices for wholesale goods in the U.S. have experienced a jolt in March as prices saw their highest annual growth on record at 11.2%.
Meme cryptos Shiba Inu and Dogecoin too plunged.
The U.S. economy added 435,000 more jobs in March in the last nonfarm payrolls report of the year's first quarter. However, these numbers fell below forecasts that expected closer to 490,000 new jobs.
The U.S. economy saw 4.35 million more Americans quit their jobs in February as the Great Resignation continues apace.
President Joe Biden has been hammered by problems at home and abroad that have eaten into his approval ratings as only 40% of Americans said they back him.
The number of consumers who report living paycheck to paycheck has increased significantly since 2021 across all income brackets.
Orders for U.S. durable goods fell by 2.2% in February, ending four consecutive months of growth.
A group of seven Florida men stand accused of "hacking" gas stations in two counties to get cheaper fuel with prices rising nationwide.