Economy

Wholesale inflation, as measured by the Producer Price Index, rose more than expected in January, adding to what has so far been a disappointing…

US homebuilding dropped significantly in January, as winter storms and higher mortgage rates stymied progress on the housing…

Nike will lay off about 2% of its employees, or close to 1,700 people, as the sportswear behemoth looks to cut as much as $2 billion in…

What will you do with your Sundays now that the NFL season is about…

Last year, the Federal Reserve was caught off guard when the Bureau of Labor Statistics released revised Consumer Price Index figures showing…

By Alicia Wallace, CNN New York (CNN) — The US economy added a stunning 353,000 jobs last month, according to Bureau of Labor Statistics data…

After 33 years and four children, Baby Boomers Marta and Octavian Dragos say they feel trapped in what was once their dream home in El Cerrito,…

The last inflation snapshot of 2023 provided some further encouraging news for Americans and the Federal Reserve: This painful period of sharp price…

The residential real estate market tumbled in 2023, as soaring interest rates steadily slowed sales activity — but home prices still hit a record…

Americans’ attitudes on the economy are improving substantially as inflation…

By Alicia Wallace, CNN New York (CNN) — The number of Americans making first-time claims for jobless benefits dropped last week to a level not…

Americans spent at a faster clip in December, closing out a year of surprising economic resilience largely driven by the US…

By Anna Bahney, CNN Washington, DC (CNN) — Homebuilder confidence surged in January as mortgage rates continued to trend lower, according to…

Americans have slowed down some of their spending and expect to pull back a little more, but paying down debt — and still having some fun —…

US producer prices fell in December for the third consecutive month, bringing a closely watched gauge of inflation to a rate more in line with…

Renters and homeowners experience inflation differently, and right now renters are taking a much more painful…

By Alicia Wallace, CNN New York (CNN) — US consumer prices rose 3.4% annually to close out 2023, capping a year of substantial progress on efforts…

Americans ramped up their online shopping this past holiday season, splurging on a record-setting $222 billion worth of electronics, toys and other…

By Anna Cooban, CNN London (CNN) — Europe hasn’t quite shaken off the big, painful problem haunting its economies over the past two years.…

For the third time in a row, the Federal Reserve on Wednesday decided not to raise (or lower) its key interest rate. Consequently, the Fed’s…

Sometimes boring and predictable can be good…

Investors are feeling bullish that the Federal Reserve will begin to cut interest rates in the first half of next year, despite Fed Chair Jerome…

Employers are growing more cautious, pulling down some job postings and reining in hiring. Employees are sticking around more and not bouncing as…

The Black Friday and Cyber Monday billion-dollar US spending spree was fueled by “Buy Now, Pay Later”…

By Parija Kavilanz, CNN New York (CNN) — Black Friday, for plenty of people, will mark a day of relaxation after family and friends gather…

As you make your way down the grocery aisle, maybe picking up supplies for apple pie, you might notice something interesting. The price of flour,…

By Eva Rothenberg, CNN New York (CNN) — While retail giants like Amazon and Walmart hope for big profits from Black Friday, the less-heralded…

After encountering rapid price increases for more than two years, discounts at some stores would certainly feel like a much-needed…

Americans cut their retail spending in October for the first time since March, with interest rates at a 22-year…

US wholesale inflation cooled off in October, reversing a three-month trend that had seen the cost of energy push up prices, according to data…

New survey data released Monday by the Federal Reserve Bank of New York showed that US consumers believe inflation will continue to ease, the labor…

Ken Rose, a restaurateur and chef in Sandy, Utah, said that though he has always paid his employees above his state’s minimum wage of $7.25 an…