A customer shops for meat at Jewel-Osco ahead of the Thanksgiving holiday in Chicago, Illinois, U.S. November 21, 2023. REUTERS/Vincent Alban
Vincent Alban/Reuters
Price hikes and spending cooled last month, Fed’s preferred inflation gauge shows
An aerial image shows Old Lahaina Center and Foodland Lahaina standing amongst destroyed homes and businesses along Front Street burned to the ground in the historic Lahaina in the aftermath of wildfires in western Maui in Lahaina, Hawaii on August 10, 2023. Embattled officials in Hawaii who have been criticized for the lack of warnings as a deadly wildfire ripped through a town insisted on August 16 that sounding emergency sirens would not have saved lives. At least 110 people died when the inferno levelled Lahaina last week on the island of Maui, with some residents not aware their town was at risk until they saw flames for themselves.
Patrick T. Fallon/AFP/Getty Images
Climate change is costing the US $150 billion a year. Here’s what that looks like
MIRAMAR, FLORIDA - OCTOBER 27: In this aerial view, single family homes are shown in a residential neighborhood on October 27, 2022 in Miramar, Florida. The rate on the average 30-year fixed mortgage hit 7.08%, up from 6.94% the week prior, according to Freddie Mac. Mortgage rates surpassed 7% for the first time since April 2002. (Photo by Joe Raedle/Getty Images)
Joe Raedle/Getty Images
US pending home sales fell to their lowest level in 20 years last month
An employee counts US dollar currency as a customer pays cash for an Apple iPhone 15 series phone for sale at The Grove Apple retail store on release day in Los Angeles, California, on September 22, 2023. (Photo by Patrick T. Fallon / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images)
Patrick T. Fallon/AFP/Getty Images
The US economy grew by 5.2% in the third quarter, even faster than previously estimated
GettyImages-1419312473.jpg
Maryna Terletska/Moment RF/Getty Images
From turtle doves to lords-a-leaping, the price of the ‘12 Days of Christmas’ just hit a record high
Homes in Washington, DC, US, on Sunday, Nov. 19, 2023.
Nathan Howard/Bloomberg/Getty Images
US home prices hit another record high in September, rising for the eighth straight month
Shoppers walk around Twelve Oaks Mall on November 24, 2023 in Novi, Michigan. The National Retail Federation projects that an estimated 182 million are planning to shop in-stores and online through the five-day Thanksgiving weekend.
Emily Elconin/Getty Images
Don’t read too much into those Black Friday and Cyber Monday spending totals
A customer refuels at a Chevron gas station in San Francisco, California, US, on Tuesday, Nov. 21, 2023. The US Thanksgiving travel period is shaping up to be the busiest since 2019 with 55.4 million Americans expected to travel 50 miles or more from home, according to a forecast from AAA.
David Paul Morris/Bloomberg/Getty Images
Gas prices drop more than 60 days in a row
A shopper reaches for a 1,000 pesos banknote, in Buenos Aires, Argentina, Sept. 1, 2023.
Natacha Pisarenko/AP
Can Argentina really move from the peso to the dollar?
United States fifty-dollar bills ($50) seen displayed in 2020.
Karol Serewis/SOPA Images/LightRocket/Getty Images
A record number of $50 bills were printed last year. It’s not why you think
Customers shop for appliances at a Home Depot store on July 25, 2023 in San Rafael, California.
Justin Sullivan/Getty Images
Falling prices may sound good, but deflation can be dangerous. Here’s why
A Wall Street Journal investigation detailed allegations of sexual harassment and discrimination against female employees at the Federal Deposit Insurance Corporation.
Celal Gunes/Anadolu Agency/Getty Images
FDIC Chair Gruenberg to be investigated by Republican-led House committee over conduct at the agency
A pile of lumber at a home under construction at the Cold Spring Barbera Homes subdivision in Loudonville, New York, US, on Wednesday Nov. 8, 2023.
Angus Mordant/Bloomberg/Getty Images
New home construction increased in October for second straight month
The general session at the National Association of Realtors' annual convention on November 14, 2023, in Anaheim, California.
Courtesy National Association of Realtors
At their annual mega-party, real estate agents on edge over the potential erosion of their commissions

Highlights

People shop in a holiday section ahead of Black Friday at a Walmart Supercenter on November 14, 2023 in Burbank, California. Some early Black Friday deals are already in place at Walmart and other retailers ahead of Thanksgiving and the traditional holiday shopping season.
Mario Tama/Getty Images
Walmart CEO says food deflation may come soon
An employee checks packaged leafy greens before they are boxed at a Bowery farm in Nottingham, Maryland on April 14, 2023. - Bowery Farming operates three commercial farms and is the largest vertical-farming company in the United States, manipulating light, humidity, temperature, and other conditions to grow produce. The systems are designed to produce a sanitary crop, so there is little risk of contamination from bacteria like E. Coli. These huge farms grow produce in nutrient-rich water, not the healthy soil that many people believe is at the heart of both deliciousness and nutrition and they can consume vast amounts of electricity. (Photo by ANDREW CABALLERO-REYNOLDS / AFP) (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)
Andrew Caballero-Reynolds/AFP/Getty Images
Maryland has the lowest unemployment rate in American history, at just 1.6%
Janet Yellen, US Treasury secretary, center right, and He Lifeng, China's vice premier, center left, during a meeting in San Francisco, California, US, on Thursday, Nov. 9, 2023. Yellen said her two-day meeting with Chinese economic policy czar He Lifeng will include discussion of the increased use of security measures in commercial relations. Photographer: David Paul Morris/Bloomberg via Getty Images
David Paul Morris/Bloomberg/Getty Images
3 key sources of tension between the US and China
A pedestrian shelters from the rain beneath an umbrella as they walk near the Bank of England in the City of London on November 10, 2023. Britain's economy stagnated in the third quarter, official data showed Friday, weighed down by elevated inflation and interest-rate hikes. (Photo by Daniel LEAL / AFP) (Photo by DANIEL LEAL/AFP via Getty Images)
Daniel Leal/AFP/Getty Images
UK inflation has halved this year but economic growth remains elusive

More From Economy

A customer shops for meat at Jewel-Osco ahead of the Thanksgiving holiday in Chicago, Illinois, U.S. November 21, 2023. REUTERS/Vincent Alban
Vincent Alban/Reuters
Price hikes and spending cooled last month, Fed’s preferred inflation gauge shows
Climate change is costing the US $150 billion a year. Here’s what that looks like
US pending home sales fell to their lowest level in 20 years last month
The US economy grew by 5.2% in the third quarter, even faster than previously estimated
Homes in Washington, DC, US, on Sunday, Nov. 19, 2023.
Nathan Howard/Bloomberg/Getty Images
US home prices hit another record high in September, rising for the eighth straight month
Don’t read too much into those Black Friday and Cyber Monday spending totals
Gas prices drop more than 60 days in a row
As the CEO of Land O’Lakes, she’s changing the rules of American farming

Paid Partner Content