Europe fears its industries will jet to the U.S. as energy costs force plant closures
Duralex glassware maker is just one company that's suspended operations over spiking energy costs after a cutoff of Russian natural gas.
inflation
Stock market surges after inflation report shows the pain of high prices may ease
Stocks experienced their biggest rally in two years after a report that inflation is currently running at 7.7%.
Rising prices are on the menu for Thanksgiving, with inflation currently at 7.7%
With Thanksgiving just two weeks away, food and family are on many people's minds. But turkey and travel will carry a hefty price tag this year. The annual inflation rate in October was 7.7%.
Inflation is top issue in this week's midterms
Rising prices are a top concern for voters in this year's midterm elections, outpacing abortion, crime and defending democracy. Prices in September were up 8.2% from a year ago.
U.S. hiring cooled slightly in October. That could help to ease inflation
Hiring slowed modestly in October, as employers added 261,000 jobs. That might take some of the upward pressure off inflation.
It's harder to buy a house. This city fought back by outbidding corporate landlords
A Cincinnati agency says large investors are taking some of the most affordable homes off the market, exacerbating the racial wealth gap. It's now helping its new tenants buy the homes themselves.
The Fed orders another jumbo interest rate hike. Many are wondering what's next
The Federal Reserve raised interest rates by another 0.75 percentage points Wednesday, as part of its ongoing effort to fight inflation. The big question is, what happens next.
How Biden changed his tune on inflation as prices soared and the midterms loomed
At first, the White House said inflation would be a temporary issue. But it quickly became the top economic priority — and major source of midterm political pain — for President Biden.
New GDP report shows an economic turnaround, but don't be fooled
Thursday's GDP report shows the U.S. economy grew at an annual rate of 2.6% in July, August and September, after shrinking in the first half of the year.
Recession or Inflation? Governments around the world must pick their poison
Liz Truss' resignation as Prime Minister is being blamed on a faulty economic plan. But her fate should serve as a warning to other countries that may have to grapple with an inconceivable choice.