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Economy

A help-wanted sign

U.S. job openings and hires were steady in May, Labor Department report says

By Kevin Killough

Economy

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Retail shopping, Dec. 22, 2010, Berlin, Germany

Everyday Economics: The consumer is still spending, but not out of the woods

Last month, inflation was still too high but some households got a little breathing room.

Economy

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Inflation stock image

Fed's key inflation measure shows highest jump since October 2023

Despite high inflation rates, consumer spending was higher than expected. Personal income also beat forecast.

Economy

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Elon Musk

As SpaceX shares drop, Elon Musk loses trillionaire status

Shares of SpaceX were down to $155 on Wednesday, and Musk was $6 billion poorer than he'd been when SpaceX debuted earlier this month.

Stephen Moore discusses President Trump's economic advice to European leaders

Price pressures remain high

Bed Bath and Beyond announces at least 87 more store closures

National average gas prices dip due to price of oil

Walmart lays off 2,000 warehouse workers

Bed Bath & Beyond is back from the dead

Official estimate puts a $400B price tag on Biden's loan forgiveness plan

Nick Hopwood on the negative ripple effects another Fed. rate increase would bring on the economy

Secretary Yellen warns US will hit debt limit next week

Stocks rise after Fed hikes rates

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