US Economy

Stocks tumbled on Friday to cap a brutal week for financial markets, as surging interest rates and foreign currency turmoil heightened recession fear.

Members of one union have rejected a tentative deal with the largest U.S. freight railroads, while two ratified agreements and three other unions remained at the bargaining table just days ahead of a national strike deadline. A strike would intensify snarls in the nation’s supply chain that have contributed to rising prices. But the IAM agreed to delay any strike...

The stock market came under pressure after the consumer price index report for August showed higher-than-expected inflation.

Americans are splurging on beauty as they tighten their budgets elsewhere. According to market research company IRI, sales of eye, face and lip makeup has gone up across stores.

The big-box retailer cut its profit outlook in June, saying it would take a hit as it marked down unwanted goods and canceled merchandise orders.

Democrats have pushed their landmark climate and health care bill through Congress, handing an election-year victory to President Joe Biden. The House approved the bill over solid Republican opposition Friday, five days after the Senate did the same. The vote means a win for Biden that until late July seemed out of reach. The package is much smaller than Biden’s...

Air travelers are finally getting a break on fares.

Inflation may finally be cooling, thanks to falling gasoline prices and fading supply chain issues.

Defying anxiety about a possible recession and raging inflation, America’s employers added a surprising 528,000 jobs last month.

Senate Democrats say they have reached an accord on changes to their marquee economic legislation, clearing the major hurdle to pushing one of President Joe Biden’s leading election-year priorities through the chamber in coming days. Arizona Sen. Kyrsten Sinema, a centrist who was seen as the pivotal vote, says she is ready to “move forward” on the bill. Senate Majority...

Are we in a recession or are not? If not, is one on the way? CNBC’s Emily Lorsch breaks down both sides of the argument and why it’s debatable.

This back-to-school shopping season, parents are focusing on the basics while also trading down to cheaper stores as surging inflation takes a toll on their household budgets.

The Chips and Science Act includes more than $52 billion in funding for U.S. companies producing computer chips, among other provisions.

Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike by the Federal Reserve

The United States’ ongoing labor shortage is bad for employers but presents an opportunity for workers who often could not find jobs in rosier economic times: ex-prisoners.

With gas prices at historic highs, the Biden administration and Democratic lawmakers are considering giving drivers a break on federal gas taxes.

Assemblymember Christopher Wardgives us an update on relief plans from Sacramento

The average price of a gallon of self-serve regular gasoline in San Diego County dropped for the third consecutive day Saturday following a run of 19 increases in 20 days, decreasing 1.2 cents to $6.348.

The Federal Open Market Committee released its decision on interest rates Wednesday, with markets expecting a three-quarter point hike.

Wall Street opened the week with heavy losses that put the benchmark S&P 500 at a level considered to be a so-called bear market. Rising interest rates, the war in Ukraine and China’s economic slowdown are leading investors to reconsider what they’re willing to pay for a wide range of stocks, from high-flying tech companies to industrial conglomerates. Big swings...