Biden planning to tap oil reserve to control gas prices

President Biden is preparing to order the release of up to 1 million barrels of oil per day from the nation's strategic petroleum reserve in a bid to control energy prices.

US, European Union announce new partnership to undercut Russian energy

The White House is billing the partnership as the start of a years-long effort to further isolate Russia following its invasion of Ukraine.

What is shrinkflation? How companies hide inflation without increasing prices

If you haven’t seen a price increase on a product or service you purchased recently, chances are that the company may still be passing along the rising costs to you without the obvious price hikes.

Federal Reserve hikes interest rate to fight inflation, more to come

The Federal Reserve launched a high-risk effort to tame the worst inflation since the 1970s, raising its benchmark short-term interest rate and signaling potentially up to seven rate hikes this year.

US retail spending slows as inflation starts to bite

After beginning the year in a buying mood, Americans slowed their spending in February on gadgets, home furnishings and other discretionary items as higher prices for food, gasoline, and shelter are taking a bigger bite out of their wallet.

The Great Resignation: Pew Research finds tie in reasons workers quit their jobs in 2021

Latest numbers show another 4.3 million Americans quit their jobs in January. Some call it the Great Resignation. Others, the Great Realization. The top reasons for leaving were a tie.

Canned pet food shortage continues amid supply chain woes

The canned pet food industry continues to feel the burn as supply chain woes and increases in price leave many pet owners improvising their dog or cat’s next meal.

US inflation soared 7.9% in past year, a fresh 40-year high

Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.

Biden to sign order mandating study of cryptocurrency as its use explodes

The Biden administration views the explosive popularity of cryptocurrency as a call for acting with urgency to look at the risks and benefits of digital assets.

Biden announces $54M Siemens investment, planned US factory jobs

President Biden joined the CEO of Siemens USA to announce a $54M investment to produce equipment for electrical infrastructure, creating 300 more jobs at California and Texas sites.

Interest rates could increase more than traditional quarter-point, US Fed governor says

Federal Reserve Governor Michelle Bowman says she's open to lifting interest rates by more than the traditional quarter-point at the central bank’s next meeting in March.

Rising gas prices: Ways to maximize your fuel economy

As gas prices continue to climb, here are some tips and tricks to help save you money and maximize your fuel economy.