ECONOMY

Economy

Inflation is hitting people hard, but some workers are seeing higher wages

6:25am December 13, 2021

As inflation climbs, Americans could get their biggest raises in over a decade. NPR's Rachel Martin talks to Chief Economist for the Conference Board Dana Peterson about what's driving the increases.

Economy

Consumer prices rose by 6.8% last month, the highest jump in inflation in 4 decades

9:58am December 12, 2021

by Don Gonyea

Don Gonyea talks with Mark Wolfe of the National Energy Assistance Directors Association about how inflation is affecting low income Americans.

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The US is seeing the worst monthly inflation numbers in 40 years

9:25am December 11, 2021

by Scott Detrow

Inflation is at its highest level since President Ronald Reagan was in office, and that's a big political problem for President Biden and the Democratic party.

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Higher costing meat and drinks on the menu at Cameron Mitchell Restaurants, which runs 60 dining outlets across the country — from high-end steakhouses to Molly Woo's Asian Bistro and El Segundo Mexican Kitchen.

Inflation is red hot, soaring to 6.8% in November, the highest in nearly four decades

6:35pm December 10, 2021

by Scott Horsley

Businesses across the country, from restaurants to retail, must decide when, not if, to raises prices and by how much.

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Kellogg's Cereal plant workers demonstrate in front of the Kellogg's Cereal Plant on Oct. 7, 2021 in Battle Creek, Mich. Workers at Kellogg's cereal plants are striking over the loss of premium health care, holiday and vacation pay, and reduced retirement

Redditors are spamming Kellogg's job portal in solidarity with its striking workers

5:45pm December 10, 2021

by Jonathan Franklin

Temporary employees have been working at cereal plants across Michigan, Nebraska, Pennsylvania and Tennessee since the strike began in October.

Consumer prices were up 6.8% in November — the highest inflation in nearly 4 decades

4:24pm December 10, 2021

by Scott Horsley

Rent costs more this year. So does wrapping paper. Consumer prices overall were up 6.8% in November. That's the highest level of inflation since 1982.

Saule Omarova addresses the Senate Banking Committee during her nomination hearing on Nov. 18 to head the Office of the Comptroller of the Currency. Omarova withdrew her nomination on Tuesday after facing opposition from Republicans and some moderate Demo

Biden's pick to become a key banking regulator withdraws after ugly nomination fight

6:48pm December 07, 2021

by David Gura

Saule Omarova has withdrawn her nomination to head the Office of the Comptroller of the Currency after an ugly, and at times, incredibly personal, fight to be confirmed.

Why is the Biden administration increasing the cost of building houses?

6:30am December 07, 2021

by Greg Rosalsky

The Biden administration has doubled duties on lumber imported from Canada. Critics argue it hurts the goal of affordable housing.

Everyday people can buy a house with cash with this new type of loan

4:43pm December 06, 2021

by Chris Arnold

A new breed of lenders are helping everyday people make cash offers to buy houses. Cash offers carry clout and sellers are more likely to accept them over offers from people who need a mortgage.

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New York City is seeing business as usual, but rising COVID-19 cases are worrisome

9:12am December 04, 2021

by Camille Petersen

New York City is starting to get back to its glittery, joyful self, and businesses are excited about returning shoppers. But they're also anxious about another potential COVID lockdown.

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