Most economists expect Americans to keep spending at a relatively lackluster pace through the end of the year. Overall uncertainty about consumer spending is weighing on a range of companies.
Gasoline prices, one of the most visible signs of inflation, are a political headache for President Biden, who in recent weeks has repeatedly warned oil companies against raising costs.
The combination of the nation’s No. 2 and No. 4 grocery chains is likely to face a lengthy antitrust review with an uncertain outcome.
Overall shelter costs in the United States saw their biggest year-over-year increase since 1982.
The report stresses how high inflation has broadened across the economy, eroding Americans’ paychecks and forcing many to rely on savings and credit cards to keep up.
Prices paid to U.S. producers rose in September by more than expected, suggesting inflationary pressures will take time to moderate and keeping the Federal Reserve on its aggressive interest rate-hike path.
A 10-year study by researchers from Poland, Norway and Sweden published in the New England Journal of Medicine questions the benefits of colonoscopy screening exams.
The pickup in claims—if sustained—would suggest lackluster spending in various sectors and uncertainty about the economy’s prospects are prompting some businesses to lay off workers.
Amazon.com plans about the same number of seasonal workers as last year despite slowing sales and predictions of a lackluster holiday shopping season.
U.S. job openings plummeted in August, likely a welcome sign for Federal Reserve officials as they seek to cool demand for workers without triggering a spike in unemployment.
The inventory glut that dragged down U.S. retailers over the past two quarters is likely getting worse. For shoppers, that means better deals.
U.S. travel optimism is running high, despite chaotic, expensive, and frustrating service over the summer.
Applications for U.S. unemployment insurance dropped unexpectedly to a five-month low, suggesting robust demand for workers amid economic uncertainty.
Even in places where it’s not required, employers have started listing pay information on job ads as candidates and employees demand transparency in the name of fairness.
A strong job market and lower gas prices appear to be contributing to more optimistic views of the economy. But inflation and rising interest rates both threaten Americans’ propensity to spend.
Twenty-one states and the District of Columbia allow community solar projects. Indiana is not one of them, according to the EPA.
The improvement in bookings suggests demand is holding up yet remains tenuous as customers of service providers adjust to still-elevated prices and higher interest rates.
Inventories of whole turkeys are their lowest levels going into the U.S. winter holiday season since 2006. That means there will be little relief from inflation for Thanksgiving dinner.
Jobless claims have been dropping as employers are still trying to fill millions of open positions and retain the workers they already have.
During the second quarter, Amazon’s workforce shrank by roughly 100,000 jobs, to 1.52 million, the biggest quarter-to-quarter contraction in the company’s history.
