Economy

Advance Auto Parts is closing more than 500 stores and shedding another 200 independent locations.

Consumers saw price relief at the gas pump and grocery store. But housing inflation and other categories, such as car insurance, are trouble spots.

With the unemployment rate low and inflation easing, Trump will inherit an economy primed for growth.

There’s been a significant increase in the share of retirees with credit card debt since 2022, according to the Employee Benefit Research Institute.

The average 30-year mortgage rate has been above 6% for two years — and is likely to stay above that level for the foreseeable future, experts say.

The rate cut follows a larger half-point reduction in September, and it reflects the Fed’s renewed focus on supporting the job market as well as fighting inflation.

Inventory was 23% higher from September 2023 last month, good news for home buyers as it gives consumers more properties to view before making a decision.

The shortfall was more than 8% from the previous year and the third highest on record, the Treasury Department said Friday.

The consumer price index was expected to show a 0.1% increase in September and a 2.3% gain from a year ago, according to Dow Jones consensus estimates.

Two Democratic lawmakers are demanding that some of the biggest food and beverage companies stop engaging in “shrinkflation” — the practice of reducing product sizes while charging prices that are the same or higher.

U.S. ports from Maine to Texas shut down this week when the union representing about 45,000 dockworkers went on strike for the first time since 1977.

From Maine to Texas, dockworkers at 36 ports across the eastern U.S. are now on strike for the first time in decades.  Supply chain experts say consumers won’t see an immediate impact from the strike because most retailers stocked up on goods, moving ahead shipments of holiday gift items. But if it goes more than a few weeks, a work stoppage...

No deal was in place for dock workers nearly a day into the strike, after tens of thousands walked out at midnight Tuesday. And the longer those workers are on the picket line, the greater the impact on your wallet. NBC New York’s Adam Harding reports.

From Maine to Texas, dockworkers at 36 ports across the eastern U.S. are now on strike for the first time in decades.  Supply chain experts say consumers won’t see an immediate impact from the strike because most retailers stocked up on goods, moving ahead shipments of holiday gift items. But if it goes more than a few weeks, a work stoppage...

Romney Smith reports on the historic port strike. 

The first thing that’s going to be impacted by the dockworkers strike, experts said, is fresh produce, like bananas, and fresh seafood.

Dockworkers at ports from Maine to Texas began walking picket lines early Tuesday in a strike over wages and automation that could reignite inflation and cause shortages of goods if it goes on more than a few weeks.

Former President Donald Trump has proposed a 60% tariff on goods from China and a 20% tariff on everything else the United States imports.

Shippers are scrambling to find workarounds ahead of looming strike at all East Coast and Gulf Coast ports. A major contract for dockworkers and longshoremen is set to expire on Monday, and if a strike happens, it could jam supply chains and reignite inflation, driving costs for goods up. NBC New York’s Adam Harding reports.

The Federal Reserve is cutting its interest rate by a half a point, the Committee said Wednesday.