Inflation concerns continued following the release of reports on consumer and producer prices for October on Wednesday and Tuesday respectively. According to the Labor Department reports, consumer prices saw their highest year-to-year increase since 1990 in October. “The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.9% in October on a seasonally adjusted basis…

As the holiday shopping season nears, major companies are already competing to attract potential workers from a limited workforce. With COVID-19 still a threat, experts say workers are particularly hesitant to return to jobs that expose them to the masses. Because the labor shortage is so extreme, workers can afford to be pickier. In a…

Gwen’s picks for Friday, October 29 include: President Joe Biden met with Pope Francis at the Vatican ahead of the G20 Summit in Rome. “In his audience with Pope Francis today, President Biden thanked His Holiness for his advocacy for the world’s poor and those suffering from hunger, conflict, and persecution,” the White House said in…

Amazon told investors Thursday night the company is in danger of not making a profit in the final quarter of the year (Q4). The company could make $140 billion in Q4 sales and still not see a dime of profit. The announcement came hours after Amazon reported its third quarter financial results. The company made $110.8…

The latest Federal Reserve report on business conditions across the country found the economy is still moving, although it has been slowed down by several factors. The report, known as “The Beige Book”, was released Wednesday. “Economic activity grew at a modest to moderate rate, according to the majority of Federal Reserve Districts,” the report…

Hurricane Ida made landfall in southern Louisiana as a Category 4 storm on August 29. In its wake, it left a trail of damage that Americans living on the Gulf and Atlantic coasts have found depressingly familiar. Total recovery costs will not be known for weeks, but $80 billion is being floated by some insurance…

A staffing shortage is a main factor behind hundreds of American Airlines cancellations over the past few days. As of 12:30 p.m. EDT, 134 American flights had been canceled Monday. Cancellations topped 100 on Sunday and Saturday as well. On Sunday, American said it would cancel around 1 percent of its flights in July. The…

WASHINGTON (AP) — American consumers absorbed another surge in prices in May — a 0.6% increase over April and 5% over the past year, the biggest 12-month inflation spike since 2008. The May rise in consumer prices that the Labor Department reported Thursday reflected a range of goods and services now in growing demand as…

WASHINGTON (AP) — U.S. employers added a modest 559,000 jobs in May, an improvement from April’s sluggish gain but still evidence that many companies are struggling to find enough workers as the economy rapidly recovers from the pandemic recession. Last month’s job growth was above April’s revised total of 278,000, the Labor Department said Friday,…