Macy's hiring 41K seasonal workers for the holidays

Macy's plans to hire 41,000 full and part-time seasonal workers for the upcoming holiday season. Over 10,300 seasonal workers in 2021 joined the company full-time.

Butter shortage drives up prices ahead of holiday baking season

The average price of butter in August jumped 24.6% compared to a year ago, U.S. labor statistics show. Here’s what is driving the increase.

Dow hits 2022 low as markets sell off on recession fears

Stocks tumbled worldwide Friday on more signs the global economy is weakening, just as central banks raise the pressure even more with additional interest rate hikes.

Fed hikes rate by three-quarters of a point in continued fight against inflation

The Fed’s move boosted its benchmark short-term rate, which affects many consumer and business loans, to a range of 3% to 3.25%, the highest level since early 2008.

Existing home sales drop to lowest level since 2020

Sales of previously owned houses fell in August for the seventh consecutive month as rising interest rates pushed potential homebuyers out of the market.

Walmart to hire 40,000 mostly seasonal US workers for holidays

Walmart is taking a cautious approach to the holiday shopping season as retailers face a slowdown in consumer spending overall due to surging costs on things like rent and food.

Gap slashes 500 corporate jobs after pandemic, supply chain issues

The job cuts follow years of struggles at the San Francisco-based retailer, which operates stores under its namesake brand as well as Old Navy, Banana Republic and Athleta.

EXPLAINER: How the strong U.S. dollar can affect everyone

After rising again Friday, the dollar is near its highest level in more than two decades against a key index measuring six major currencies, including the euro and Japanese yen.

Union members reject deal 2 days before deadline to avoid massive rail strike

A potential strike could impact shipments of everything from clothes to cars, hurting businesses nationwide as they deal with ongoing supply chain problems. The deadline to avoid a strike is Friday.

Student loan forgiveness: DeSantis, Republican governors call on Biden to withdraw plan 'immediately'

Florida Governor Ron DeSantis has joined twenty-one other Republican governors in calling for President Joe Biden to take back his student loan forgiveness plan that they say will end up costing taxpayers billions of dollars. 

Dow falls 1,250 as inflation maintains grip on US economy

Many of the data points within the inflation report were worse than economists expected, including some the Fed pays particular attention to, such as inflation outside of food and energy pri

Florida's minimum wage set to increase to $11

Minimum wage workers in Florida will soon get another pay boost as inflation remains a heavy burden for American households. In the second increase under a 2020 constitutional amendment, Florida’s minimum wage will go to $11 an hour on Sept. 30.

Inflation falls for 2nd consecutive month on lower gas prices

Inflation has driven up the costs of families’ grocery bills, rents, and utility costs, placing hardships on households and increasing gloom about the economy despite job growth and low unemployment.

Is inflation cooling off? It depends where you live

Western states facing inflation rate of 9.6% even as price increases show hint of slowdown.