Economy

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.

Striking dockworkers and the ports they are picketing could not come to an agreement Wednesday. The International Longshoremen’s Association went on strike just after midnight Tuesday after the expiration of the union’s contract with the ports. The workers are calling for higher wages and protections from automation. With uncertainty over when the strike will end and the economic impacts...

Dockworkers and ports still can’t come to an agreement. Major businesses in Massachusetts are starting to hurt, and soon customers could end up paying for the stalemate. 

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

Dockworkers have gone on strike and were walking the picket line in South Boston Tuesday, mirroring shut downs happening at ports along the East Cost and Gulf Coast. The workers are asking for a raise and to not be replaced by automation in the strike that kicked off at midnight on Tuesday. The International Longshoremen’s Association represents 85,000 dockworkers in…

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.

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

The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates helped tame inflation but that also made borrowing painfully expensive for consumers.

The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates next week.

Retirees and near-retirees perhaps face the biggest risks if an economic downturn upends their financial plans. Experts say these are the questions to ask now.

Speaking at the Federal Reserve’s annual retreat Friday, Chair Jereme Powell said “the time has come for policy to adjust.”

Canadian National Railway, Canadian Pacific Kansas City and the Teamsters Canada Rail Conference union — which represents more than 10,000 workers — failed to come to an agreement after months of labor talks.

The Federal Reserve on Wednesday released minutes from its July 30-31 policy meeting.

Many consumers are looking for some financial stability while planning for lower borrowing costs in the future. Here are some tips.

Japan’s benchmark Nikkei 225 index has soared more than 10% a day after it set markets tumbling in Europe and on Wall Street. Other world markets were mixed but appeared to have settled after the rollercoaster start to the week.