The University of Michigan’s May sentiment index sits at 58.4 - a massive dip from 65.2 in April. Short and long-term outlooks are bleak according to many households, and inflation is reigning supreme to blame.
These trajectories are at a 13-year low.
Say goodbye to free soda refills at McDonald's, a move that's stirring up more than just the ice in customers' cups.
McDonald's is reportedly gearing up to introduce a $5 meal deal, aiming to attract customers who felt priced out by recent hikes.
A recent survey by asset management firm Schroders revealed that only 4% of retirees feel they are "living the dream," while another 4% are "living the nightmare."
California's reputation for high living costs is well-known, but a recent report from Forbes Advisor highlights other areas across the United States that can put a strain on your wallet.
On Friday, Federal Reserve officials breathed a sigh of relief as April’s job data revealed a cooling in wage growth and hiring rates that hark back to pre-COVID-19 days.
In the face of soaring interest rates, many U.S. homebuyers are opting for adjustable rate mortgages (ARMs) as a more affordable alternative to traditional fixed-rate mortgages.
The average net worth for older Americans might seem high, but this number is skewed by wealthier individuals.
Across the United States, municipal governments are tightening their belts as the financial support from the pandemic era fades and inflation persists.
Landstar System, a logistics company, shared a mixed bag of results in their recent earnings call, staying optimistic despite a tough market.
In 2023, the average monthly electricity bill for U.S. homes nudged up by 2% to $138, which was actually less dramatic compared to the overall inflation rate of 4.1%.
Following California's new $20-an-hour minimum wage law that kicked in on April 1, fast food joints across the state have bumped up their menu prices.
In recent years, Americans have adjusted their retirement savings targets significantly.
If you're using FedEx or UPS for shipping, especially in Los Angeles County, keep an eye on your bills – they're about to go up.
Wealthy American families are increasingly obtaining second, or even multiple, citizenships and residences, a trend highlighted by Henley & Partners, a law firm specializing in high-net-worth citizenships.
FedEx and UPS have introduced Delivery Area Surcharges (DAS) in 82 additional ZIP codes across the US, covering nearly 1% of the population.
In California, a significant new law has just kicked in, raising the minimum wage for fast-food workers to $20 an hour.
Looking for a plush spot to spend your retirement? Well, GoBankingRates.com just ranked the richest retirement towns in the U.S., and it's quite the list!
Larry Fink, CEO of BlackRock, points out in his annual letter that the U.S. retirement system is under a lot of pressure due to Americans living longer and spending more years in retirement.
In the not-so-distant future, your ideal burger munching time might not align with your growling stomach.
In February, inflation spiked more than expected due to higher gas prices, yet slowed in other areas like food and housing, offering a silver lining.
Gold prices soared to a new record high on Friday, driven by reports of a rise in the U.S. unemployment rate.
A recent viral social media post sparked a lively discussion about the prices at Five Guys, a popular burger chain in America.
It's no secret that many Americans are grappling with credit card debt, with a Bankrate survey revealing that one in three adults had more credit card debt than savings in both 2023 and 2024.
In 2021 and 2022, as inflation surged, the Federal Reserve was criticized for delaying interest rate hikes, allowing prices to soar. Now, with inflation easing, there's concern the Fed might move too slowly to cut rates, risking a recession, some economists argue.
In January, the U.S. economy added a surprising 353,000 jobs, surpassing economists' predictions of 177,000.
Hidden inflationary costs are squeezing corporate profits, and it's not just the usual suspects like input and freight costs.
Recent sub-zero temperatures across the United States have caused gas wells to freeze, resulting in an 11-month low in gas production, according to Reuters.
Developers of the proposed offshore wind farm near Long Beach, Long Island, announced the termination of the Empire Wind 2 project due to economic challenges - including inflation, increased interest rates, and supply chain disruptions.
As we gear up for 2024 - a big election year - it's hard not to think of James Carville's famous line from 1992, "It's the economy, stupid."
The number of Americans filing for jobless benefits dropped last week, undoing nearly half of the previous week's spike.