Peloton, Dick's Sporting Goods partner to sell equipment
The deal, announced Thursday, marks the exercise and equipment company's latest bid to broaden its market share and become more profitable ahead of the holiday season.
Senate OKs stopgap to avert government shutdown, send aid to Ukraine
Congress is moving quickly to avoid a government shutdown. The Senate on Thursday passed a short-term spending bill that would finance federal agencies into mid-December.
Fewer people request US unemployment benefits amid solid hiring, high inflation
Applications for unemployment benefits last week saw their lowest number of claims since April. If the number continues to drop, the Federal Reserve could raise interest rates higher than it plans to slow the economy.
Costco CEO says hot dog combo price might remain $1.50 forever
Costco CFO Richard Galanti said the company's gas and travel sectors allowed the company to make up for loss at the food court.
CBO: Biden's student loan cancellation plan to cost $400B
The Biden administration previously estimated the plan would cost about $24 billion a year over the next 10 years.
Dick's Sporting Goods announces plans to hire up to 9,000 for holidays
A slew of companies have already announced their seasonal hiring plans.
New rule will reveal 'true cost' of airline tickets, White House says
President Joe Biden plans to announce a new initiative that would eventually allow consumers to see a more complete price on airline tickets before they buy them.
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.
ON THE HILL: Expert weighs in on whether the US is headed for recession
In case you missed it Sunday morning, FOX 5's "On the Hill" program hosted economic expert Danny Leipziger to talk about the latest on the U.S. economy, including how to control inflation and whether the country is headed for a recession.
US housing recession could send home prices tumbling 20%, economist says
Home prices have already declined 5% from their May peak.
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.
Mega Millions jackpot winners come forward; Two people to split $1.34B prize
Two people have come forward to claim the $1.34 billion Mega Millions jackpot almost eight weeks after the drawing.
Gallup: More than half of U.S. workers are ‘quiet quitting’
A poll shows that the workplace has gotten worse for younger employees, particularly those under 35 years old.
Here's how much more you'll pay to heat your home this winter
The average cost of heating a household this winter is set to increase by 17.2%, according to a forecast by the National Energy Assistance Directors Association.
Credit card companies to separately categorize gun store sales
Visa, American Express, and Mastercard said they plan to change the way they categorize sales at gun shops.
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.
Biden administration moves closer to creating a digital dollar
The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar.
Rise in rideshare costs hurting DC restaurants
As restaurants continue to try to stay alive post-pandemic, managers in D.C. say the cost of food isn't the only thing hurting their businesses.
Tentative railway labor deal reached, averting strike, Biden says
The tentative railway labor agreement averted a nationwide strike that could have been devastating to the economy.
Social Security cost-of-living increase could be largest in 40 years, estimate says
For the average retiree who got a monthly check of $1,656 this year, an adjustment of 8.7% would boost the payment by $144.10, according to an advocacy group’s estimate.