Retail sales come up short in February as inflation slows consumer spending
Advance retail sales grew 0.3% for the month, slightly below the 0.4% Dow Jones estimate.
Oil market heads for ‘biggest supply crisis in decades’ with Russia’s exports set to fall, IEA says
The International Energy Agency said 3 million barrels per day of Russian production could be lost beginning next month, squeezing an already tight global oil...
Inflation is causing some older Americans to delay retirement plans, survey shows
Inflation is causing some older Americans to postpone major life events, including retirement, according to a Nationwide survey.
Why the Federal Reserve raises interest rates to combat inflation
Consumers hit with higher prices due to inflation likely aren't looking forward to interest rate hikes from the Federal Reserve. Here's why the Fed does...
Single-family rent prices are surging at a record rate, led by homes in Sun Belt cities like Miami and Phoenix
Single-family rents were up 38.6% in Miami, compared with just a 2% jump for the city in January 2021.
Wholesale inflation climbed 0.8% in February, lower than estimate but still up 10% from last year
The headline producer price index rose 0.8% in February, which actually was slightly lower than the 0.9% Dow Jones estimate.
Forecasters see growing chance of a recession as Fed hikes rates this year to fight inflation
The probability of recession in the U.S. was raised to 33% in the next 12 months, up 10 percentage points from the Feb. 1 survey.
Eligible taxpayers can claim earned income tax credit in these states
More than a dozen states added or expanded earned income tax credits in 2021. Here's what to know about this write-off for low to moderate...
Theranos saga returns to courtroom as Holmes’ top deputy Balwani set for criminal trial
Ramesh "Sunny" Balwani, Elizabeth Holmes' ex-boyfriend and business partner, is set to face the jury in his criminal fraud trial this week.