Gas Prices Have Dropped, But The Relief Might Not Stick
Experts say rebalancing supply with demand is the biggest factor helping prices, but other factors could affect the costs.
Economy
Grocery Inflation Is Still Increasing
Consumers are still seeing an increase in grocery costs, despite a 0% increase in overall inflation for the month of July.
U.S. Key 30-Year Mortgage Rate Spikes To 5.22%
Higher borrowing rates have cooled the housing market but home prices have continued to rise, with the median home price in June climbing to $416,000.
| AP
No Inflation Spike In The Month Of July
The prices of gas, groceries, cars and other necessities are decreasing as the Biden administration announced a 0% inflation increase last month.
U.S. Inflation Slips From 40-Year Peak But Remains High At 8.5%
Consumer prices jumped 8.5% in July compared with a year earlier, down from a 9.1% year-over-year jump in June, according to government data.
| AP and Scripps News Staff
Checking Up On Global Supply Chains
We’ve seen how bottlenecks can wreak havoc on our lives, from manufacturers to shippers to distributors and to us at home.
How The Port Of Los Angeles Has Changed
The port of Los Angeles is getting back up to speed, but things look different now.
U.S. Employers Added 528,000 Jobs in July; Unemployment Falls To 3.5%
Economists had expected only 250,000 new jobs in the monthly jobs report for July.
| AP and Scripps News Staff
Gas Prices Are Starting To Decrease Nationwide
After weeks of high gas prices, declines nationwide are giving drivers relief.
Inflation Hits Record 8.9% In Countries Using The Euro
Energy prices in the eurozone surged by 39.7% this month, while prices for food, alcohol and tobacco rose by 9.8%.
| AP and Scripps News Staff
How Bach Parties Turned Into A Vacation
Bachelorette parties are starting to become more popular, leading more businesses to profit off of these celebrations.
Oil Companies Cash In Amid High Gas Prices
Oil companies are set to make even more money than they did in 2008 when global oil prices skyrocketed.
Inflation Taking A Bite Out Of Restaurant Owners Across The Country
A Nashville restaurant owner shares inflation troubles with Newsy. He says he's had to raise prices and then lower them just to make ends meet.
U.S. Economy Shrank 0.9% Last Quarter, Its 2nd Straight Drop
The report comes at a critical time as consumers and businesses struggle under the weight of punishing inflation and higher borrowing costs.
| AP and Bianca Facchinei
The Real-Life Impact Of The Federal Reserve Hike
The Federal Reserve raised interest rates again, as many worry inflation will lead to recession.
Why Your Flight Keeps Getting Canceled
Problems within the aviation industry have caused many flights to be delayed or canceled, leaving many travelers frustrated and stranded.
Average U.S. Gasoline Price Falls 32 Cents To $4.54 Per Gallon
The average price of diesel dropped 22 cents over two weeks to $5.55 a gallon.
| AP and Scripps News Staff
Ever-Growing Cost Of Evacuating Pushes Some To Stay In Disaster Zones
Amid hurricane season, the cost of living in the potential path can be high, and the impact of COVID and supply chain gaps are making it even worse.
U.S. Home Sales Fell In June As Prices Reach New Heights
Existing home sales fell 5.4% last month compared to May as the national median home price jumped 13.4% from a year earlier to $416,000.
| Bianca Facchinei and AP
Truckers Protest Proposed Restrictions On Private Contractors
The proposed California state law would make it harder for independent contractors to transport goods.
What's Tanking American Confidence In The Economy?
People expect inflation to keep climbing over the next year, along with their mortgage interest rates, monthly expenses, and taxes.
San Francisco Federal Reserve President On The State Of The Economy
President Mary Daly suggests the economy is strong, but inflation has to be addressed with interest rate hikes to help stabilize prices.
U.S. Retail Sales Up 1% In June, Easing Fears Of A Recession
U.S. retail sales rose 1% in June from the previous month, from a decline of 0.1% in May, according to the Commerce Department.
| Bianca Facchinei and AP
Why Does The U.S. Waste So Much Food?
In the U.S. about a third of the food produced is never eaten. That’s about 90 billion meals worth each year.
| Meg Hilling and Maya Saenz
Stocks Fall As Wall Street Braces For Huge Hike In Interest Rates
Newly released data on inflation sent immediate jolts into the markets as a growing number of traders expect another rate hike from the Fed.
| AP
U.S. Inflation Reached 40-Year High Of 9.1% In June
Consumer prices in June saw the biggest 12-month increase since 1981 and were up from an 8.6% jump in May.
| AP and Scripps News Staff
Billions Of Taxpayer Dollars Are Funding Privately Run Sports Stadiums
In "In the Loop: Scoreboard," Christian Bryant looks into the common, yet confusing, practice of taxpayer-funded sports venues.
Average U.S. Gasoline Price Falls 19 Cents To $4.86 Per Gallon
The average price at the pump is down 24 cents over the past month.
| AP
Gas Prices Are Dipping Down, But The Trend Might Not Last Long
Gas prices are slowly slipping down thanks to a drop in oil prices, but experts warn the relief may be temporary.
U.S. Employers Add A Solid 372,000 Jobs In June
Weekly jobless claims spiked to the highest figure in nearly six months, but there are roughly two posted job openings for every unemployed worker.
| AP and Scripps News Staff
