US inflation hit 8.6% in May, a new 40-year high
Consumer prices surged 8.6% last month from 12 months earlier, faster than April’s year-over-year surge of 8.3%, the Labor Department said Friday.
No, you're not imagining it — package sizes are shrinking, here's why
Shrinkflation isn’t new, experts say. But it increases during times of high inflation as companies grapple with high costs for ingredients, packaging, labor, and transportation.
Tipping in America is on the decline; that may be because many don’t know who to tip or how much
Americans became more generous during the pandemic, but inflation may change that.
Here's who has qualified for student loan forgiveness under Biden
The Biden administration has forgiven federal student debt through four major loan forgiveness programs, including PSLF and borrower defense.
How to pay off credit card debt: 6 winning strategies
If you’re wondering how to pay off credit card debt, these 6 tried-and-true strategies can help you pay down your balances and become debt-free.
Go-broke dates pushed back for Social Security, Medicare
Social Security retirees got a 5.9% boost in benefits this year, the biggest cost-of-living adjustment in 39 years.
May jobs report: US added 390,000 jobs last month as hiring remained robust
U.S. employers added a healthy 390,000 jobs in May 2022, extending a streak of solid hiring that has bolstered an economy under pressure from high inflation and interest rates.
Walmart to create 4,000 jobs with 4 new fulfillment centers
The first of the four new new fulfillment centers will open this summer in Illinois. These centers will provide faster shipping of items to customers.
US gas prices could top $5 a gallon by mid-June, analyst predicts
With gas prices exceeding $4 nationwide, one expert believes there’s a way you can save a few dollars at the pump by changing your driving habits.
Amazon tests package deliveries directly from shopping malls
Amazon’s new service gives customers a convenient option to have merchandise delivered to their homes faster.
Key inflation measure slowed in April for the first time since 2020
High inflation is still causing hardships, but any slowing of price increases, if it can be sustained, will provide some modest relief.
Bank of America to raise minimum wage to $22 an hour
It’s part of the bank’s phased approach to raising its minimum wage to $25 an hour by 2025.
Fairfax salon owner sues Truist bank after hackers steal her money
A Fairfax County salon owner is suing Truist bank after she says she lost $60,000 in wire transfer fraud.
Baby formula shortage: 78,000 pounds of formula arrives in US
The flight was the first of several to provide “some incremental relief in the coming days” as the government tries to address a critical baby formula shortage.
Wells Fargo accused of holding fake job interviews with minority candidates: report
A former Wells Fargo executive says he was fired for flagging the alleged fake job interviews to his superiors
As inflation soars, one-third of Americans are experiencing financial stress: Survey
More than one-third of households reported difficulties in paying bills recently.
Stocks close just above bear market after turbulent day
The S&P 500 ended 18.6% below the record high it set in early January.
More local business owners report money stolen from Truist accounts
Small business owners continue to come forward with claims they’ve had tens of thousands of dollars stolen from their Truist bank accounts.
House approves bill to take aim at gasoline 'price gouging'
A bill backed by House Democrats would give President Joe Biden authority to declare an energy emergency and ban excessive or exploitative fuel prices.
BBB warns against baby formula scams amid national shortage: 'Scammers are watching'
The baby formula shortage could inspire scammers to strike online, the Better Business Bureau warns.