Economy

Working Moms See Self-employment as a Lifeline

Before the pandemic, Miranda Doyle, 34, worked as a project manager at a Pennsylvania- based interior design company.  The business shut down temporarily when the state issued a stay-at-home order in March 2020, allowing Doyle to take care of her three children while they attended school remotely. The company resumed […]

Five Things to Watch in the CPI Report for April

The Bureau of Labor Statistics will issue its Consumer Price Index report for April on Wednesday. The measurement, which tracks price movements across a broad range of goods and services, is expected to show the rate of inflation slowed slightly to 8.1% from 8.5%, according to a survey of Bloomberg […]

Consumer Prices Rise Again to 8.5% as Inflation Hits New 40-Year High

U.S. inflation soared to a 40-year high last month as geopolitical tensions drove up energy prices and supply chain hurdles compounded price pressures driven by consumer demand.  The Consumer Price Index rose 8.5% in March from a year earlier, overshooting the Dow Jones economists’ prediction that consumer prices would rise […]

Rising Inflation Squeezes Low Income Workers

In early March, Mayte Molina, 34, did a double-take at her higher-than-normal supermarket bill.  Quickly adding how it would offset her weekly budget, she put a handful of her usual items back. Since then, Molina’s daily shopping run has turned into every three to four days to stretch out her […]

Plan to rent a car soon? It’s best to start your search early

An unexpected cross-country trip wasn’t something Jenavy Castro-Hernandez thought she and seven other family members would be doing, but when her uncle’s job sent him to New York, they packed their things, ready to meet him there by March 14. Arranging five children and three adults into her aunt’s old […]

For Many Americans, Spending is on Their To-Do List

There is one thing on Amber Colon’s mind in the coming days, her birthday trip to Universal and Disney World in Orlando, Fla.  Like most Americans, Colon spent her first two stimulus checks on paying off her credit card bills and using it to support herself. However, the 23-year-old is […]