Airfares skyrocket due to jet fuel costs but travelers don't care

Domestic airfare costs $330 on average per round trip. Travel website Hopper was not expecting the U.S. air travel market to hit that number until June.

Once a retail giant, Kmart down to three U.S. stores after NJ closing

Once the Kmart in Avenel, New Jersey, shutters, the number of Kmarts in the U.S. -- once well over 2,000 – will be down to three last holdouts. In its heyday, Kmart sold product lines endorsed by celebrities Martha Stewart and Jaclyn Smith, sponsored NASCAR auto races and was mentioned in movies like "Beetlejuice."

Deutsche Bank predicts US recession in 2023 due to Fed rate hikes

Deutsche Bank is the first major financial institution to predict a recession due to rising inflation and the Federal Reserve's hawkish plan to tame it.

Biden ‘has not ruled out’ canceling student loan debts, White House says

Press Secretary Jen Psaki made the comment the same day the Biden administration announced plans to freeze federal student loan payments through Aug. 31

The best and worst times to buy a car amid EV trends and supply-chain woes

If you’re planning to buy a car — new, used, electric, or hybrid — here are some things to consider before making your purchase, according to a car-buying expert.

Corn could be the answer to high gas prices

Under the Home Front Energy Independence Act, ethanol fuel would be produced and sold year-round in the U.S. instead of only during the summer months. The proposal aims to further decrease dependence on Russian petroleum exports over its war on Ukraine.

Inflation hits New York lunches, too

Two years after the pandemic started, many New Yorkers are getting back to the office only to find that their favorite lunches have gone up in price.

U.S. jobless claims hit lowest level since 1969

Jobless claims fell by 28,000 to 187,000 for the week ending March 19, the lowest since September of 1969, the Labor Department reported Thursday.

What is shrinkflation? How companies hide inflation without increasing prices

If you haven’t seen a price increase on a product or service you purchased recently, chances are that the company may still be passing along the rising costs to you without the obvious price hikes.

Federal Reserve hikes interest rate to fight inflation, more to come

The Federal Reserve launched a high-risk effort to tame the worst inflation since the 1970s, raising its benchmark short-term interest rate and signaling potentially up to seven rate hikes this year.

Inflation hits supermarkets hard: Bacon prices are up 19%

In the aisles of U.S. supermarkets, the price of bacon is up 18.8%, beef is higher by 16.2%, pork is up 14%, and chicken has risen 13.2%. Consumers are used to small price increases but what is happening now is shocking.

DoorDash paying back drivers to offset high gas prices

Delivery company DoorDash said Tuesday it will refund its drivers for some U.S. gasoline purchases to help offset higher prices at the pump.

Puerto Rico exits bankruptcy after grueling debt negotiation

Puerto Rico’s government formally exited bankruptcy Tuesday, completing the largest public debt restructuring in U.S. history after announcing nearly seven years ago that it was unable to pay its more than $70 billion debt.

Canned pet food shortage continues amid supply chain woes

The canned pet food industry continues to feel the burn as supply chain woes and increases in price leave many pet owners improvising their dog or cat’s next meal.