Economy

A Prada Boutique in the luxury section of the Westfield Mall in Santa Clara

Why are retail thefts on the rise?

It’s organized retail crime — where the thefts are planned, and part of organized rings.

 | Scripps News Staff

A "for sale" sign is posted in front of a home.

10 best cities for first-time homebuyers in 2023

The list of desirable markets was based on factors such as population size, housing availability, median listing prices and job opportunities.

 | Tricia Goss

A horse eats from a bucket.

Animal rescues see fewer adoptions, more surrenders due to inflation

Rising economic costs have made it difficult for pet owners to keep animals they adopted during the pandemic, and for rescues to pay for their care.

 | Vanessa Misciagna

Employees in hard hats.

Record job switching has contributed to higher inflation

A paper by the Chicago Federal Reserve shows that job switching boosted inflation an extra percentage point as people were able to garner higher pay.

 | Daniel Grossman

A shopper looking at an item in a Target store.

US inflation and consumer spending cooled in December

The overall spending figures for the final two months of 2022 were the weakest in two years.

 | AP and Scripps News Staff

A view of Houston, Texas

Texas bill would ban nationals from 4 countries from buying land

A proposed Texas bill prohibits land sales to entities and individuals with ties to North Korea, Russia, China and Iran.

 | John Mone

Amazon Prime boxes are loaded on a cart for delivery in New York.

How do Amazon packages get delivered so quickly?

When retailers like Amazon deliver on their speedy shipping promises, it’s good news for consumers. But it can compromise workplace safety.

 | Simon Kaufman

A UPS delivery truck.

US economy slowed but still grew at 2.9% rate last quarter

The nation's gross domestic product decelerated last quarter from the 3.2% annual growth it posted from July through September.

 | AP and Scripps News Staff

Damage from Hurricane Ian in Florida

Supply chain issues slowing down recovery from natural disasters

Supply chain shortages can cause years-long delays in recovering from natural disasters.

 | Scripps News Staff

U.S. currency

Which American cities are experiencing the most inflation in 2023?

Experts say there are three primary factors causing inflation to skyrocket, with housing at the top of the list.

 | Tricia Goss

Children listen to an instructor reading a book

America is facing a child care crisis

The American Rescue Plan of 2021 provided $39 billion in child care relief funds that are starting to run dry.

 | Diane Duenez

Forklift drivers transporting pallets of product.

Wholesale inflation in US slowed further in December to 6.2%

The latest year-over-year figure was down from 7.3% in November and from a recent peak of 11.7% in March.

 | AP

A portion of the 1040 U.S. Individual Income Tax Return form.

30% of Americans relying on tax refunds to make ends meet this year

Gen Z (40%) and millennials (46%) count on the tax-time cash infusion the most, according to the study by Qualtrics on behalf of Credit Karma.

 | Brittany Anas

Cincinnati Bengals quarterback Joe Burrow.

Joe Burrow, Blake Griffin among athletes investing in farming

Athletes are buying land and leasing the land to farmers, earning a single-digit-percentage annual return on the investment.

 | Patrick Griffin

A man uses the NFC payment Visa system at the Mobile World Congress

How is the role of cash evolving?

Digital banking is on the rise. About 197 million people used it in 2021 and that number increased to 203 million in 2022.

 | Scripps News Staff

Sale sign displayed at clothing store.

US consumer inflation eased again to 6.5% in December

The Federal Reserve doesn’t expect inflation to slow enough to get close to its 2% target until well into 2024.

 | AP and Bianca Facchinei

A Bitcoin logo is displayed on an ATM in Hong Kong

What’s next for crypto?

Crypto keeps evolving since Bitcoin’s inception in 2009. Estimates show there are roughly 20,000 different digital tokens, coins and currencies today.

 | Scripps News Staff

Ascutney Mountain in Vermont

Resurgence of a Vermont ski area brings hope to rural communities

Ascutney Mountain first started welcoming skiers in the winter of 1935. Seventy-five years later it went into foreclosure.

 | Chris Conte

Person inserts a debit card into an ATM.

Ways To Decrease Economic Anxiety

While you might be concerned about the economy in the short term, experts say not to lose sight of long-term goals.

 | Justin Boggs

Traffic on the Brent Spence Bridge passes in front of the Cincinnati skyline while crossing the Ohio River

President Biden's New Year Pitch Focuses On Benefits Of Bipartisanship

President Biden and Senate Republican leader Mitch McConnell will make a rare joint appearance in McConnell's home state of Kentucky on Wednesday.

 | AP

A screen displays financial news on the floor at the New York Stock Exchange in New York

S&P 500 Closes Out Year With Worst Loss Since 2008

The benchmark index fell 0.3% Friday, the last trading day of the year, leaving it down 19.4% for the year.

 | AP

A hiring sign is displayed at a restaurant

Applications For U.S. Unemployment Aid Rose Slightly Last Week

Applications for unemployment aid for the week ending Dec. 24 climbed 9,000 to 225,000, the Labor Department reported Thursday.

 | AP

Taylor Swift poses in the press room

Why Did Concert Tickets Get So Expensive?

According to Billboard, concert goers’ money doesn’t go straight to the artist. The base ticket price goes toward marketing, production and the venue.

 | Lauren Magarino

A shopper carries bags down Fifth Avenue.

Holiday Sales Up 7.6% Despite The Squeeze Of Inflation

U.S. sales between Nov. 1 and Dec. 24, a period that is critical for retailers, were fueled by spending at restaurants and on clothing.

 | AP

People walk into a Best Buy store.

An Inflation Measure Watched By The Fed Eases To 5.5%

Inflation still remains well above the 2% year-over-year growth the Fed wants to see.

 | AP

A woman passes a hiring sign in front of a business.

U.S. Applications For Jobless Claims Rose Slightly Last Week

Jobless claims for the week ending Dec. 17 inched up by 2,000 to 216,000 from the previous week’s 214,000, the Labor Department reported Thursday.

 | AP

A UPS worker pushes cart of packages through snowfall.

U.S. Economy Grew 3.2% Last Quarter, Outperforming Estimates

The economy's gross domestic product — output in goods and services — grew 3.2% from July through September.

 | AP

A sign is displayed in front of a home for sale in Prospect Heights, Ill.

Housing Market Sees Fewer First-Time Homebuyers

The National Association of Realtors found first-time homebuyers made up just 26% of all homebuyers this year.

 | Carlos Mendez

A hiring sign displayed at a business.

Fewer Americans Filed For Jobless Benefits Last Week

Applications for jobless claims fell to 211,000 for the week ending Dec. 10, down by 20,000 from the previous week, the Labor Department reported.

 | AP

Federal Reserve Chair Jerome Powell.

Fed Raises Key Rate By Half-Point And Signals More To Come

Policymakers forecast that their key short-term rate will reach a range of 5% to 5.25% by the end of 2023.

 | AP and Scripps News Staff