Economy - /contrib/economy

New data shows Americans have already burned through a third of their pent-up savings.That's nearly three times more than previously thought, and signals spending

By Maria Martinez Manufacturing orders in the U.S. were virtually unchanged in August, following a decline in the previous month, reflecting cooler demand...

The 1.2 million decline in vacancies was the biggest since April 2020.

Wall Street deal-making isn't doing too hot.

Homeowners beware. But don't panic, either.

The data published by S&P Global showed on Friday that the business activity in the US manufacturing sector expanded at a stronger pace in early Septe

Wall Street is once again on edge after the Federal Reserve announced another interest rate hike Wednesday.

It now takes 35.51% of the median household income to make a principal and interest payment on the average home.

Drug-price negotiation and clean-energy rebates are set to lower costs for Americans over the next decade. But that relief won't be immediate.

Americans of all incomes would see their federal taxes rise under the climate and health care package that was negotiated last week between Senate Majority Leader Chuck Schumer and moderate Democratic Sen. Joe Manchin, according to data from the nonpartisan Joint Committee on Taxation. Federal

“The increasing levels of food and fuel inflation are affecting how customers spend, and while we’ve made good progress clearing hardline categories, apparel in Walmart U.S. is requiring more markdown dollars," Walmart CEO Doug McMillon in a statement

Just one month after inflation blew past

Consumer prices soared 9.1% compared with a year earlier, the U.S. government said, the biggest yearly increase since 1981.

On the final day of the NATO summit here on Thursday, US President Joe Biden says his administration will soon provide another USD 800 million in security assistance for Ukraine to fight Russia

America last President Joe Biden said Thursday that U.S. drivers will continue to pay record-high gas prices for "as long as it takes" to stop Russia's war in Ukraine, acknowledging that consumers are unlikely to see relief at the pump anytime soon.

The U.S. Federal Reserve's big interest rate hike on Wednesday -- and the expectation of more to come -- is aimed at bringing down 40-year high inflation topping 8% on an annual basis in recent months.

Retail sales unexpectedly dropped in May as consumers -- confronted with the hottest inflation since 1981 -- pulled back on spending.

Markets face another half-point rate hike this week and the prospect of sharper increases ahead when the Federal Reserve concludes its two-day policy-setting meeting Wednesday.

Americans are suffering sticker shock every time they go to the grocery store: They're coping with the biggest increase in food prices since 1979 — not to...

Inflation accelerated in May as U.S. consumers grapple with a surge in prices for gas, food, and shelter, data showed Friday.