Biden sees a bigger role for US farms due to Ukraine war

President Biden vowed to help farmers try to ease a global spike in food prices as he visited a family farm and unrolled policies meant to increase harvests in ways that the administration believes could also help to reduce grocery bills at home.

ACL 2021 brought in more money than it ever has to Austin, Mayor Adler says

In 2021, $345 million is how much the event brought into Austin. That money went into all aspects of the economy, especially the hospitality industry.

New Braunfels holding lifeguard hiring event, offering $250 for hires

The on-the-spot hiring event for seasonal positions is scheduled for 9 a.m.-noon on Saturday, May 14. The starting salary is $12-$17 per hour, plus there’s a $250 hiring bonus.

Here's how much more you'll be paying for food in 2022, according to USDA estimates

The USDA’s Food Price Outlook estimates that prices at the grocery store will increase by 5%-6% in 2022. Overall, food prices were 8.8% higher in March 2022, compared to a year prior.

Here are the top 25 most overvalued housing markets in the US

Homes in 97% of cities in America are overvalued, according to Moody’s Analytics, with the most overvalued markets seeing homes priced at 50% to 70% more than they’re worth. But how long will this last?

Pediatrician's plea to parents: Do NOT make your own baby formula

Amid today's baby formula shortage, Dr. Sarah Adams of Akron Children's Hospital in Ohio warned parents away from homemade options.

Some Austin restaurants forced to raise menu prices amid inflation

As the price of food continues to skyrocket, restaurant owners are having to raise their menu prices in order to continue making profit.

Baby formula shortage hits 'crisis' level, sparking panic in parents across US

The shortages caused major retailers including Target, Walmart, Walgreens and CVS to place limits on how much customers can purchase at one time.

Postmaster General DeJoy says Americans should get used to 'uncomfortable' rate hikes

Louis DeJoy said Thursday he will advocate for the Board of Governors to continue raising rates until the Postal Service meets its goal of becoming self sustaining.

Fed raises interest rates by half-point, the most since 2000

The Federal Reserve intensified its drive to curb the worst inflation in 40 years by raising its benchmark short-term interest rate by a sizable half-percentage point.

Biden highlights deficit progress to counter criticism on US economy

The president is placing a renewed emphasis on reducing the deficit — which is the gap between what the nation spends and what it takes in — in order to blunt Republican criticism.

US economy shrank by 1.4% in Q1 despite solid consumer spending

Despite the weak showing, most economists expect a rebound in the April-June quarter as solid hiring and wage gains sustain growth.