Stocks close lower, adding to Friday's steep losses
Markets lost more ground after Powell's speech last week confirming more hikes: "We must keep at it until the job is done."
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Markets lost more ground after Powell's speech last week confirming more hikes: "We must keep at it until the job is done."
Flexible, part-time gigs offer ways to make extra cash, from tutoring to renting out your house or car.
President Biden is signing the Inflation Reduction Act, making it officially a law, on Tuesday.
Americans are dipping into savings and switching to lower-cost brands as food prices climb higher.
Over the last 12 months, grocery prices soared 13.1%, the largest annual increase since March 1979.
"Typically, over the summer months we see a huge spike in the population," said Flora Beal.
"We had to make a decision about, you know, we need a roof for the baby and us," says Kathya Perec of Florida.
"We had to make a decision about, you know, we need a roof for the baby and us," says Kathya Perec of Florida.
Right now, donations are at an all-time low.
With inflation pushing prices higher on just about everything, they plan to save money by shopping for supplies this week.
John Alger, of Alger Farms, said it's been a struggle to break even for the last 10 years
John Alger, the owner of Alger Farms, said it's been a struggle to break even for the last 10 years, even before the pandemic, supply chain issues, and inflation.
South Florida has one of the greatest needs for extra supplies.
Inflation is walloping middle-income households, with many saying they are taking on more credit card debt to stay afloat.
The most important action item is to make sure to beef up your emergency reserve fund.
Keith Jones reports there are increases in everything from rents to groceries and gas.
Inflation hit 9.1% in June, the highest it has been in 40 years.
Two commonly-accepted aspects of economics that determine prices are supply and demand. But some say a third factor is companies exploiting our present chaos, stirred by war and pandemic, in the pursuit of increased profits.
CBS4’s Jacqueline Quynh gives us a look at the dwindling supply of food for those in need.
The start of 2022 has pushed Wall Street into a bear market. Here's what the rest of the year could hold for investors.
Seniors are on track for the biggest cost-of-living adjustment in four decades, according to a new analysis.
"We had to raise our prices," said Phantom Fireworks CEO Bruce Zoldan.
CBS4's Joan Murray reports it's also jeopardizing the ability for many others to finally retire.
According to the Center for Research Retirement, the selloff has erased nearly $3 trillion from retirement accounts.
"We began to get reports that, at times, people had to return their pets to the shelters," said Gil Zepeda.
