Browsing: Economy
California’s new $20 minimum wage for fast food workers has already caused a surge in restaurant prices and a decline in foot traffic since it went into effect April 1,…
The number of Americans filing for unemployment benefits last week unexpectedly jumped to the highest level in 10 months, the latest sign that the labor market is starting to cool…
Inflation at the wholesale level moderated more than expected in May, the latest sign that price pressures within the U.S. economy are loosening their grip. The Labor Department said Thursday…
The Federal Reserve signaled at the conclusion of its two-day meeting on Wednesday that interest rates will remain elevated for some time, forcing Americans to adapt to a reality where…
President Biden welcomed Wednesday’s inflation report that showed prices rose less than expected in May, but the cost of living for millions of Americans is still much higher than it…
The famed Waffle House fast-food franchise is increasing wages for its workforce of more than 40,000 employees. This move comes after a persistent year-long push from labor groups. CEO Joe…
A Vietnamese tourist was caught on camera walking through Ninoy Aquino International Airport (NAIA) security naked after police sought payment from her for overstaying her visa. The incident involving the…
The Federal Reserve on Wednesday held interest rates steady for the seventh straight time and scaled back the outlook for rate reductions later this year as high inflation lingers. New…
Inflation loosened its stranglehold on the U.S. economy in May, but a spike in the cost of rent kept prices painfully high for millions of Americans. The Labor Department said…
Inflation slowed more than expected in May, a welcome sign for the Federal Reserve even as prices remained uncomfortably high for millions of Americans. The Labor Department said Wednesday that…