In the startup world, investors are pulling back, companies are laying off employees and IPOs are being delayed. Is a tech bubble about to burst, or has the unraveling already started?
In 1990, the Big Mac's arrival in Moscow signaled a new era. Now McDonald's is tearing down the golden arches and writing off its investment in Russia.
For all the pain it causes, inflation makes old debts easier to pay off. A silver-lining for countries burdened by pandemic debt? Maybe. But if history is any guide, that shine may be short-lived.
The Tesla and SpaceX mogul said he needs to make sure the fake accounts "do indeed represent less than 5%" of Twitter's users, as the company has estimated.
Angelyn worked as an accountant and figured out it'd be cheaper to be on cruise ships rather than have a mortgage. They've been at sea for a year and say the new lifestyle costs less than $100 a day.
Jerome Powell was confirmed to a second term as Federal Reserve chairman. The Senate vote comes as the central bank faces intense pressure to bring down inflation.
During the past two years, home prices nationally have soared more than 30%. Rising mortgage rates make affording a home even harder. That has many people wondering if we're in another housing bubble.
Home prices are up 30% in the past year in some cities. Many people wonder if we're in another housing bubble. Some economists think prices could fall in places where homes are especially overvalued.
Higher costs for food, labor, rent, gasoline and cooking gas make it harder for casual dining places to buy, cook and deliver meals. And they're limited in how much they can pass on to customers.
Cook is only the second of Biden's five nominees for the Fed to win Senate confirmation. His Fed choices have faced an unusual level of partisan opposition.
In an address from the White House Tuesday, President Biden contrasted his administration's plans to tackle rising costs with what he called Republicans' "ultra-MAGA" plan.
Gas prices surged to a national record, not adjusted for inflation, surpassing the previous milestone hit around two months ago. It comes just ahead of the key summer driving season.
The rising cost of fuel, energy and food are straining rural school districts' already tight budgets. Many districts fear what continued inflation could mean for programming, upkeep and even staffing.
The Federal Reserve raised interest rates this week, in an effort to tamp down inflation. The Fed is worried in part about the tight job market, which saw another strong month of job growth in April.
The Labor Department reports on monthly job gains for April Friday morning. The month began with a record number of job openings, which is good for prospective employees.
The declines come a day after the Federal Reserve raised interest rates by the most in over two decades as it embarks on a high-stakes fight to bring down inflation.
Markets jumped after Fed Chair Jerome Powell said the central bank was not contemplating bigger rate hikes than the half-a-percentage-point increase it delivered on Wednesday.
The Federal Reserve raised interest rates by half a percentage point Wednesday, in an effort to cool off demand and lower inflation. Consumer prices have been rising at the fastest pace in 40 years.
