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Economy

Americans struggling to make car payments is highest since Great Recession

Americans struggling to make car payments is highest since Great Recession

Car repossessions are growing as Americans still struggle with high car prices and inflation.

4 days ago
Hasbro laying off 1,000 employees amid cost-savings push

Hasbro laying off 1,000 employees amid cost-savings push

The company well-known for Monopoly, Play-Doh, and My Little Pony toys says the layoffs are 15% of its global full-time workforce.

5 days ago
Chipotle looks to hire 15,000 people in US amid continuing labor shortage

Chipotle looks to hire 15,000 people in US amid continuing labor shortage

Other chains, including Taco Bell and Starbucks, are also looking for workers.

5 days ago
U.S. economy showed solid growth, but slowdown expected in coming months

U.S. economy showed solid growth, but slowdown expected in coming months

The resilience of the U.S. job market has been a major surprise, but analysts say the good times for America’s workers aren’t likely to last.

6 days ago
Manchin introduces bill to delay tax credits for electric vehicles

Manchin introduces bill to delay tax credits for electric vehicles

Tax credits for electric vehicles are a key feature of President Joe Biden's landmark climate law.

6 days ago
Consumers are piling on credit card debt, flashing signs of potential crisis

Consumers are piling on credit card debt, flashing signs of potential crisis

As Americans rack up record-high credit card debt after a year of soaring inflation and interest rate hikes, charge-offs are beginning to roll in at the start of a looming default crisis.

January 24
Is tipping getting out of control? Most consumers say yes

Is tipping getting out of control? Most consumers say yes

As more businesses adopt digital payment methods, consumers are prompted to leave a tip at places they typically wouldn’t. Some feel it has become more frustrating as the price of items has risen because of inflation.

January 23
Gold and silver boom predicted as US hits debt ceiling, dollar devalues

Gold and silver boom predicted as US hits debt ceiling, dollar devalues

Precious metals expert predicts gold and silver will rise in 2023 as government spending results in increased inflation and U.S. hits debt ceiling.

January 23
Google cutting 12,000 jobs as tech industry layoffs widen

Google cutting 12,000 jobs as tech industry layoffs widen

Google has become the latest tech company to trim staff after rapid expansions during the COVID-19 pandemic have worn off.

January 20
US debt limit: US Treasury buys time for Biden and House GOP on deal

US debt limit: US Treasury buys time for Biden and House GOP on deal

The Treasury Department says it has started taking “extraordinary measures” as the government has run up against its legal borrowing capacity of $31.381 trillion.

January 19
Party City files for bankruptcy protection amid rising prices

Party City files for bankruptcy protection amid rising prices

Party City is filing for Chapter 11 bankruptcy protection after struggling with rising prices and a pullback in customer spending.

January 18
Netflix is hiring a flight attendant for one of its private jets—and the job pays up to $385,000

Netflix is hiring a flight attendant for one of its private jets—and the job pays up to $385,000

Job candidates can apply now for the role on the Netflix website for a chance to travel and earn a quality salary.

January 18
How inflation is changing the way people use payment apps

How inflation is changing the way people use payment apps

A recent survey by Forbes finds that some young adults are using payment apps to cover the costs of restaurant tabs, groceries, and rent.

January 17
US inflation slows to 6.5% over past 12 months, easing some pressure

US inflation slows to 6.5% over past 12 months, easing some pressure

The softer readings add to growing signs that the worst inflation in four decades is gradually waning.

January 12
Biden: Easing inflation 'giving families some real breathing room'

Biden: Easing inflation 'giving families some real breathing room'

Inflation eased to 6.5% in December compared with 12 months earlier.

January 12
Biden, López Obrador, Trudeau show unity during summit, downplay tensions

Biden, López Obrador, Trudeau show unity during summit, downplay tensions

President Joe Biden, Mexican President Andrés Manuel López Obrador and Canadian Prime Minister Justin Trudeau are seeking to downplay their frustrations with one another on migration and trade as they meet for the North American Leaders Summit.

January 10
Record number of Americans are paying $1000 a month or more for monthly car payments, data shows

Record number of Americans are paying $1000 a month or more for monthly car payments, data shows

More than 15% of consumers who financed a new vehicle toward the end of 2022 committed to paying more than $1,000 a month, the highest percentage ever recorded.

January 6
FTC proposes rule banning noncompete clauses for workers

FTC proposes rule banning noncompete clauses for workers

The Federal Trade Commission says the rule would open new job opportunities for 30 million Americans and raise wages by $300 billion a year.

January 5
Holiday sales increase 7.6% despite the squeeze of inflation

Holiday sales increase 7.6% despite the squeeze of inflation

U.S. sales between Nov. 1 and Dec. 24, a period that is critical for retailers, were fueled by spending at restaurants and on clothing.

December 26, 2022
Here's how much pay Americans say they'd need to start a new job

Here's how much pay Americans say they'd need to start a new job

A recent survey from the Federal Reserve Bank of New York reveals most people will hop to a new job for a starting salary a little over $73,000 a year.

December 22, 2022
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Another week of declining mortgage rates fuels homebuyer demand:Freddie Mac

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Four of five Memphis police officers charged with killing Tyre Nichols released from jail after posting bail

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Tyre Nichols' mother urges peaceful protest: 'I don't want us burning up our cities'

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