Inflation unexpectedly fell to 3% in June

Inflation unexpectedly fell to 3% in June

The consumer price index (CPI), a broad measure of how much everyday goods like gasoline, groceries and rent cost, dropped 0.1% in June from the previous month. It marked the first monthly decline since May 2020.

The consumer price index (CPI), a broad measure of how much everyday goods like gasoline, groceries and rent cost, dropped 0.1% in June from the previous month. It marked the first monthly decline since May 2020.

US home prices hit another all-time high

US home prices hit another all-time high

The median U.S. home sale price soared to $397,954 in June, which was a nearly 5% increase from the year prior, Redfin data shows.

The median U.S. home sale price soared to $397,954 in June, which was a nearly 5% increase from the year prior, Redfin data shows.

Arizona Iced Tea co-founder vows to 'fight hard' to keep price under $1

Arizona Iced Tea co-founder vows to 'fight hard' to keep price under $1

"We’re successful. We’re debt-free. We own everything," he said. "Why have people who are having a hard time paying their rent … pay more for our drink?"

"We’re successful. We’re debt-free. We own everything," he said. "Why have people who are having a hard time paying their rent … pay more for our drink?"

U.S. unemployment rate rises to 4.1% with 206,000 jobs added in June

U.S. unemployment rate rises to 4.1% with 206,000 jobs added in June

U.S. employers added 206,000 jobs in June, exceeding expectations, with the unemployment rate rising to 4.1%, while April and May job data was revised down, average hourly earnings increased by 3.9%, and hiring was strong in government, social assistance, and health care, influencing potential Federal Reserve rate cuts.

U.S. employers added 206,000 jobs in June, exceeding expectations, with the unemployment rate rising to 4.1%, while April and May job data was revised down, average hourly earnings increased by 3.9%, and hiring was strong in government, social assistance, and health care, influencing potential Federal Reserve rate cuts.

Major retailers closing doors amid inflation, lower consumer demand

Major retailers closing doors amid inflation, lower consumer demand

Major retail chains are being forced to close thousands of brick-and-mortar stores across the U.S., with a number of reasons cited for the shutdowns.

Major retail chains are being forced to close thousands of brick-and-mortar stores across the U.S., with a number of reasons cited for the shutdowns.

Border security, inflation big issues for Texans: Sen. John Cornyn

Border security, inflation big issues for Texans: Sen. John Cornyn

Border security and inflation are two of the biggest issues impacting Texans right now, according to U.S. Senator John Cornyn.

Border security and inflation are two of the biggest issues impacting Texans right now, according to U.S. Senator John Cornyn.

Fed holds interest rates steady, projects just one cut this year

Fed holds interest rates steady, projects just one cut this year

The Federal Reserve on Wednesday held interest rates steady for the seventh straight time and scaled back the outlook for rate reductions later this year as high inflation lingers.

The Federal Reserve on Wednesday held interest rates steady for the seventh straight time and scaled back the outlook for rate reductions later this year as high inflation lingers.

Here's who's hiring teens this summer – and which jobs pay the most

Here's who's hiring teens this summer – and which jobs pay the most

Young workers account for about a third of all new hires each June. Here's which jobs hire the most teens – and which ones pay the most.

Young workers account for about a third of all new hires each June. Here's which jobs hire the most teens – and which ones pay the most.

U.S. economy adds 272,000 jobs in May, but unemployment rate rises to 4%

U.S. economy adds 272,000 jobs in May, but unemployment rate rises to 4%

The latest reports show companies hiring more people in May than anticipated, despite continuing inflation and high interest rates. While the economy is still growing, there are ongoing concerns.

The latest reports show companies hiring more people in May than anticipated, despite continuing inflation and high interest rates. While the economy is still growing, there are ongoing concerns.

Austin salsa company expands business, gives advice to others

Austin salsa company expands business, gives advice to others

Small business owners are growing more optimistic and looking to grow their businesses next year, according to a recent survey. The owner of a salsa company is cooking up big plans for 2025.

Small business owners are growing more optimistic and looking to grow their businesses next year, according to a recent survey. The owner of a salsa company is cooking up big plans for 2025.