US retail sales fall amid high inflation, rising rates
The decline in sales adds to other recent evidence that the economy is cooling as consumers grapple with higher interest rates and the impact of a year-long bout of elevated inflation.
The decline in sales adds to other recent evidence that the economy is cooling as consumers grapple with higher interest rates and the impact of a year-long bout of elevated inflation.
Senior Fed official sees need for more interest rate increases
Last month, inflation slowed as food and gas prices fell, but excluding those volatile categories, “core” prices kept rising and are 5.6% higher than a year ago.
Last month, inflation slowed as food and gas prices fell, but excluding those volatile categories, “core” prices kept rising and are 5.6% higher than a year ago.
Cheaper gas and food provide some relief from inflation in US
Much of the drop resulted from price declines for such goods as gas, used cars and furniture, which had soared a year ago after Russia’s invasion of Ukraine.
Much of the drop resulted from price declines for such goods as gas, used cars and furniture, which had soared a year ago after Russia’s invasion of Ukraine.
US adds 236,000 jobs in March despite Fed's rate hikes
The latest signs increasingly suggest that an economic slowdown may be upon us.
The latest signs increasingly suggest that an economic slowdown may be upon us.
Tech layoffs, high interest rates are having ‘serious impact’ on how people buy homes
Facebook, Twitter and other companies announced layoffs this year amid rising interest rates. Experts say it’s affecting both prospective homebuyers and sellers.
Facebook, Twitter and other companies announced layoffs this year amid rising interest rates. Experts say it’s affecting both prospective homebuyers and sellers.
Social Security cuts could be coming soon — here's who will be affected
A recent government report suggests that Social Security funds face a long-term financial crunch that could mean some benefits get cut sooner for retirees.
A recent government report suggests that Social Security funds face a long-term financial crunch that could mean some benefits get cut sooner for retirees.
First Citizens to acquire troubled Silicon Valley Bank, FDIC says
Customers of Silicon Valley will automatically become customers of First Citizens, which is headquartered in North Carolina.
Customers of Silicon Valley will automatically become customers of First Citizens, which is headquartered in North Carolina.
Gender pay gap in US hasn’t changed much in two decades, report finds
New analysis from Pew Research finds that despite women earning more now than they did over 30 years ago, the disparity in pay for them compared to men has been stagnant.
New analysis from Pew Research finds that despite women earning more now than they did over 30 years ago, the disparity in pay for them compared to men has been stagnant.
Federal Reserve raises key interest rate by quarter-point
The Fed also warned that the financial upheaval stemming from the collapse of two major banks is “likely to result in tighter credit conditions" and “weigh on economic activity, hiring and inflation."
The Fed also warned that the financial upheaval stemming from the collapse of two major banks is “likely to result in tighter credit conditions" and “weigh on economic activity, hiring and inflation."
More people are delaying paying up front
An increasing number of shoppers are leaning on buy now, pay later services -- with many using it to foot the bill for groceries.
An increasing number of shoppers are leaning on buy now, pay later services -- with many using it to foot the bill for groceries.
Study finds 186 banks vulnerable to Silicon Valley Bank-like collapse
A new study says that, depending on certain market conditions, nearly 200 U.S. banks could be vulnerable to the same fate as Silicon Valley Bank.
A new study says that, depending on certain market conditions, nearly 200 U.S. banks could be vulnerable to the same fate as Silicon Valley Bank.
Texas: The Issue Is – Senator Ted Cruz talks debt ceiling, border crisis
As the national debt continues to grow, reaching the highest debt seen in history, conversations in Congress continue to circle around what should be done regarding the U.S. debt ceiling.
As the national debt continues to grow, reaching the highest debt seen in history, conversations in Congress continue to circle around what should be done regarding the U.S. debt ceiling.
Egg prices so high, Dollar Tree pulls them from shelves completely
Eggs will make a return to Dollar Tree when prices fall.
Eggs will make a return to Dollar Tree when prices fall.
Bank failures, bailouts divide Congress on next steps
Here is a look at what lawmakers are saying and planning as the fallout continues from the collapse of Silicon Valley Bank and Signature Bank.
Here is a look at what lawmakers are saying and planning as the fallout continues from the collapse of Silicon Valley Bank and Signature Bank.
Parent of Silicon Valley Bank seeks bankruptcy protection
The parent of Silicon Valley Bank, seized last week by the U.S., is filing for Chapter 11 bankruptcy protection.
The parent of Silicon Valley Bank, seized last week by the U.S., is filing for Chapter 11 bankruptcy protection.
US government says all Silicon Valley Bank clients will have access to funds
The U.S. government took extraordinary steps Sunday to stop a potential banking crisis after Friday's historic failure of Silicon Valley Bank, the second-largest bank failure in U.S. history.
The U.S. government took extraordinary steps Sunday to stop a potential banking crisis after Friday's historic failure of Silicon Valley Bank, the second-largest bank failure in U.S. history.
Silicon Valley Bank seized by regulators
Silicon Valley Bank, known as SVB, is the largest bank failure since the height of the 2008 financial crisis.
Silicon Valley Bank, known as SVB, is the largest bank failure since the height of the 2008 financial crisis.
Powell signals increased interest rate hikes if economy stays strong
Chair Jerome Powell's comments raise the possibility that the Fed will increase its key interest rate by a half-percentage point at its next meeting, after having carried out a quarter-point hike in February.
Chair Jerome Powell's comments raise the possibility that the Fed will increase its key interest rate by a half-percentage point at its next meeting, after having carried out a quarter-point hike in February.
Owner of Eastside Silver Print community darkroom asking for help to keep studio open
Anthony Maddaloni, owner of Eastside Silver Print, has been operating the community darkroom in East Austin for over a decade, but with inflation, he might be forced to close.
Anthony Maddaloni, owner of Eastside Silver Print, has been operating the community darkroom in East Austin for over a decade, but with inflation, he might be forced to close.
Car debt piles up as more Americans struggle to make payments
Car repossessions are growing as Americans are still struggling with higher car prices and inflation.
Car repossessions are growing as Americans are still struggling with higher car prices and inflation.