(NEW YORK) -- As the midterm elections approach, sky-high prices for essentials like gas and groceries continue to weigh on U.S. consumers. The price of eggs stands about 30% higher than it did a year ago, while the cost at the pump has spiked... Read More.
(WASHINGTON) -- The Federal Reserve escalated its fight against inflation this week, instituting a major rate increase and saying more will likely follow. The moves will cause a jump in the number of unemployed Americans by the end of next year, the central bank... Read More.
(WASHINGTON) -- A hotter-than-expected inflation report last week dispelled hopes of relief for strained households and rekindled questions about U.S. policy for fighting sky-high prices. The Federal Reserve has instituted a series of aggressive interest rate hikes in recent months as it tries to slash... Read More.
(NEW YORK) -- Lower-than-expected inflation rates last week sent the S&P 500 soaring to its highest level in three months, reflecting optimism that price increases have peaked as businesses and consumers seek relief from budget-busting costs. While still elevated, price hikes last month waned from... Read More.
(NEW YORK) -- As recession forecasts have grown dire in recent months, they've faced one complication: Strong economic data. The U.S. showed robust job growth last month, defying expectations of a slowdown and keeping the unemployment rate at a near-historic low of 3.6%. Meanwhile, retail... Read More.
(NEW YORK) -- South Carolina and Montana residents will be cut off from federal pandemic unemployment benefits next month, with Republican governors in each state claiming the payments have led to a workforce shortage. Economists say that's not the case. "Employers are just angry that... Read More.
By CATHERINE THORBECKE, ABC News (NEW YORK) -- SPACs have become the biggest buzzword on Wall Street, and their explosion in popularity has even seeped into Main Street as stories of individual investors striking it rich by "getting in on the ground floor"... Read More.