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Advance Auto Parts is closing hundreds of stores in an effort to turn its business around
Advance Auto Parts is closing more than 500 stores and shedding another 200 independent locations.
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Here's the inflation breakdown for October 2024 — in one chart
Consumers saw price relief at the gas pump and grocery store. But housing inflation and other categories, such as car insurance, are trouble spots.
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Biden funded new factories and infrastructure projects, but Trump might get to cut the ribbons
With the unemployment rate low and inflation easing, Trump will inherit an economy primed for growth.
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Credit card debt among retirees jumps — ‘It's alarming,' researcher says
There’s been a significant increase in the share of retirees with credit card debt since 2022, according to the Employee Benefit Research Institute.
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America's prospective homebuyers absorb harsh reality: Mortgage rates probably aren't coming down for a while
The average 30-year mortgage rate has been above 6% for two years — and is likely to stay above that level for the foreseeable future, experts say.
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Federal Reserve cuts its key interest rate by a quarter-point
The rate cut follows a larger half-point reduction in September, and it reflects the Fed’s renewed focus on supporting the job market as well as fighting inflation.
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Exit poll analysis: What Americans said about their family finances
News4’s Erika Gonzalez walks through what 2024 exit polls showed about how Americans see their family finances compared to four years ago.
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September home sales drop to lowest level since 2010
Inventory was 23% higher from September 2023 last month, good news for home buyers as it gives consumers more properties to view before making a decision.
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US deficit tops $1.8 trillion in 2024 as interest on debt surpasses trillion-dollar mark
The shortfall was more than 8% from the previous year and the third highest on record, the Treasury Department said Friday.
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Sen. Warren and Rep. Dean demand major food and beverage CEOs stop ‘shrinkflation'
Two Democratic lawmakers are demanding that some of the biggest food and beverage companies stop engaging in “shrinkflation” — the practice of reducing product sizes while charging prices that are the same or higher.
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US could see shortages and higher retail prices if dockworkers strike drags on
U.S. ports from Maine to Texas shut down this week when the union representing about 45,000 dockworkers went on strike for the first time since 1977.
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Higher prices, rotten fruit and more: How the Longshoremen strike could impact consumers
The first thing that’s going to be impacted by the dockworkers strike, experts said, is fresh produce, like bananas, and fresh seafood.
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Longshoremen picket at Baltimore port as workers across East and Gulf strike
Dockworkers from Maine to Texas, including in Maryland and Virginia, began walking picket lines early Tuesday in a strike over wages and automation. News4’s Adam Tuss reports live from Baltimore.
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Dockworkers strike at ports from Maine to Texas, sparking fears of shortages and higher prices
Dockworkers at ports from Maine to Texas began walking picket lines early Tuesday in a strike over wages and automation that could reignite inflation and cause shortages of goods if it goes on more than a few weeks.
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Quick Question Susan: How could a dock worker strike affect consumers?
Consumer Reporter Susan Hogan answers your questions about how a dock worker strike could affect the supply chain.
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Fed cuts key interest rate by half point
The Federal Reserve is cutting its interest rate by a half a point, the Committee said Wednesday.
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Federal Reserve cuts key rate by sizable half-point, signaling end to its inflation fight
The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates helped tame inflation but that also made borrowing painfully expensive for consumers.
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US inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates
The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates next week.
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A recession could upend plans for people approaching retirement. Taking these steps can help, experts say
Retirees and near-retirees perhaps face the biggest risks if an economic downturn upends their financial plans. Experts say these are the questions to ask now.
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Increased sausage demand could be worrying signal to the economy
One manufacturer included in the Dallas Fed’s latest survey said growth in the category typically aligns with a slowing economy.