The Federal Reserve is pulling the trigger and raising the federal interest rate for the first time in four years.
Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.
One of the world's leading electric car innovators is calling for more oil drilling "immediately" at this crucial moment in history.
India plans to launch government-backed digital money with a digital version of its currency, the rupee.
Inflation soared over the past year at its highest rate in four decades, hammering America’s consumers, wiping out pay raises and reinforcing the Federal Reserve’s decision to begin raising borrowing rates across the economy.
The latest numbers show inflation rising to a nearly 40-year high, gouging a hole in American pocketbooks as the cost of living keeps going higher and higher. Consumer inflation jumped in December at its fastest year-over-year pace in nearly four decades, surging 7%.
A whopping 4.5 million Americans resigned from their jobs in November. The Labor Department's newly-released November numbers show the ongoing record quitting spree may keep what's called "The Great Resignation" trending well into 2022.
U.S. consumer prices rose 5.7% over the past year, the fastest pace in 39 years, as a surge in inflation confronts Americans with the holiday shopping season underway.
Prices for U.S. consumers jumped 6.8% in November compared with a year earlier as surging costs for food, energy, housing and other items left Americans enduring their highest annual inflation rate in 39 years.
A lackluster jobs report shows another unimpressive increase amid the ongoing COVID-19 pandemic.