Target quarterly results fall as holiday discounts and dockworker strike hit profits
Target etched out a slim sales increase in the third quarter and profits slumped as inflation-weary customers pulled back on spending and costs related to a dockworker strike in October dragged on results.
Trump's Treasury secretary pick: Who are the contenders?
President-elect Trump is reviewing candidates for the Treasury secretary role, with the list of contenders getting broader after Elon Musk offered an endorsement and shook up the race.
List: Most cost-effective capital cities in the world
Seoul, South Korea, topped the list as the most cost-effective capital city in the world.
Meatpacking company illegally hired minors in MN, fined $2 million
A meatpacking company with operations in St. James has been fined $2 million after an inspection found it was illegally employing underage workers that were also dealing with hazardous materials and operating machinery.
Where was inflation the highest in October? Northeast and Midwest cities near the top
The Labor Department released a new report on inflation that examined price growth in various cities and metropolitan areas in the U.S. which reflected a higher rate of inflation in the Northeast and Midwest.
US inflation may have increased in October: Here's what's rising in price, and what's leveling off
A rise in prices could make the Federal Reserve less likely to cut its key interest rate in the coming months. But most economists believe inflation will continue its slowdown.
Thanksgiving dinner 2024: How much you can save using store-brand products
Choosing store-brand items for Thanksgiving could save consumers around $17, according to a Wells Fargo report, as food inflation continues to impact holiday costs.
Future of cryptocurrency in for a 'wild ride' following Trump's White House win
Cryptocurrencies shot upwards on Wednesday after the U.S. Presidential election with Bitcoin reaching an all-time high.
Federal Reserve cuts its key interest rate by a quarter-point on heels of election
The interest rate cut follows a larger half-point reduction in September, and it reflects the Federal Reserve's continued focus on supporting the job market and battling inflation.
Here are the 3 things that helped propel Trump back to White House, according to AP survey
A recent survey finds that voters had concerns about key election issues that they felt President-elect Donald Trump could better manage.
Inflation may be coming down but that doesn't mean prices will, expert explains
Allianz chief economic adviser Mohamed El-Erian warned that even though inflation has cooled significantly, prices consumers face are unlikely to decrease.
Inflation gauge falls to lowest level in 3 1/2 years
Inflation has improved over the past two years after supply chains recovered from disruptions from the pandemic and the Federal Reserve raised its key interest rate.
Where Vice President Kamala Harris stands on key issues
Here's where Vice President Kamala Harris stands on the economy, immigration, abortion and housing.
Where former President Donald Trump stands on key issues
Here's where former President Donald Trump stands on the economy, immigration, abortion and housing.
Mortgage rates continue to climb despite cuts by the Fed: Here’s why
Many Americans have been priced out of purchasing a home or making a move for years now amid elevated mortgage rates, sky-high home prices, and squeezed budgets due to inflation.
PepsiCo adding more chips to bags following 'shrinkflation' complaints
Pepsi is boosting the volume for some chip products, including Tostitos and Doritos brands.
A closer look at how Trump's economic plan could impact inflation
Former President Donald Trump has vowed to eliminate inflation if he returns to office, but economists warn that his proposed policies, including high tariffs, mass deportations, and interference with the Federal Reserve, could worsen the issue.
Holiday spending projected to hit new record this year
Notable differences this year include the shopping period between Thanksgiving and Christmas being nearly a week shorter, and the economic impact of Hurricanes Helene and Milton.
Arizona shows highest increase in homeownership in the U.S. since 2020
A new study shows that homeownership rates in Arizona have grown faster than any other state in the U.S.
Abortion passes inflation as top election issue for women under 30, survey finds
A growing number of women view abortion as their key issue heading into November’s presidential election based on results in a new survey.