Inflation runs hot for a third straight month, led by by gas and rent
The hotter-than-expected inflation reading could cause the Federal Reserve to delay interest rate cuts, analysts said.
The hotter-than-expected inflation reading could cause the Federal Reserve to delay interest rate cuts, analysts said.
After more than 40 years in business, 99 Cents Only Stores, a discount chain, announced on Thursday that it will close all 371 of its locations and cease operations.
Americans can expect ebbing inflation and a strong job market this year, according to the National Association for Business Economics.
Higher food prices partly caused the hotter-than-expected inflation report. Getting pinched at the grocery store is souring Americans on the economy.
The Federal Bank of New York says inflation expectations are dropping.
The average Texan spends $286.19 per week on groceries, the report says. That's around $1,200 a month – or almost $15,000 a year.
U.S. economy continues to plow ahead, as holiday shoppers shell out more on gifts this year than predicted.
"I think this year has been tough."
Consumer's snapped up Costco's new gold bar offerings, contributing to the company's strong earnings last quarter.
Many feel worse off than their parents' generation as income isn't keeping up.
One in five say they're going to open a new credit card to budget for gifts.
U.S. consumers spent enough to help drive the economy to a brisk 5.2% annual pace from July through September, the government reported.
Compared with 2021, the typical household must spend an additional $11,434 annually just to maintain their standard of living, analysis shows.
The Bay Area is the best performing region within the U.S. for middle- and working-class families, according to a new analysis.
Prices across the U.S. rose 3.2% compared with a year earlier, slightly below economists' forecasts.
About two in three Americans say their household expenses have risen over the last year, but only about one in four say their income has increased in the same period.
Chipotle attributes plans to bump up menu prices again to "state of the economy," a company spokesperson told Insider.
For many, growing bills are outpacing salaries and wages.
The 2024 inflation adjustment won't be as large as last year's hike. That means some older Americans could lose ground.
Though far from its recent peak of 9.1% in June 2022, the figure remains higher than the Federal Reserve's goal of 2%.
Here's your Eye on Money.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
Some people are cutting certain things from their grocery list, simply because they can't afford it anymore.
In some areas inflation has fallen below 2%, while in other regions prices are still spiraling upward. Why?
Even so, the latest "report contains plenty of pain, especially for lower-income Americans," said one economist.
Social pressures to be productive – not to mention a culture that prizes multi-tasking – make doing nothing hard to do, for fear of being accused of the dreaded sin of laziness. However, experts say there are rewards for not pushing yourself to the edge all the time.
Every week, Eye on Politics breaks down some of the biggest political stories grabbing headlines in North Texas and beyond.
A tornado watch is in effect until 7 a.m. for all of North Texas.
If you're not prepared with your batteries and other storm essentials yet, now is a good time to stock up.
Flood Watch is in effect through tomorrow.
A tornado watch is in effect until 7 a.m. for all of North Texas.
The National Weather Service confirms multiple tornadoes touched down in at least three counties Friday, including three in Navarro County.
The Dallas Cowboys made eight picks this year.
The child was last seen about 1 p.m. Saturday.
Students said this was about showing solidarity and not wanting the university to be associated with Israel's fight.
A scammer a North Texas woman met on Instagram claimed to be a German cardiologist, and for months, the two messaged back and forth, building what she thought was a true relationship.
They found him guilty – now four jurors are explaining how they were convinced to convict Dr. Raynaldo Ortiz.
Texas police departments have the discretion to determine the frequency and extent of additional driving training for their officers. While some require driving training yearly or every other year, others do not.
Some departments opt to melt the firearms down, while others choose to crush them. However, there are instances where firearms, or at least parts of them, escape destruction altogether.
Several police departments told the CBS News Texas I-Team they were unaware of this practice, even though it was stated in the contracts they signed with the company, Gulf Coast GunBusters.
Every week, Eye on Politics breaks down some of the biggest political stories grabbing headlines in North Texas and beyond.
Dozens of people were arrested at the University of Texas at Austin during protests over the Israel-Hamas war and state lawmakers are divided on the university's response.
Senator Ted Cruz explains why he voted against a bill to give funds to Israel and discusses his opinion on protests happening on college campuses across the U.S.
Democratic Congressman and Democratic nominee for U.S. Senate, Colin Allred, discusses his plans moving forward in his campaign for Texas Senate against incumbent Ted Cruz.
South Dakota Gov. Kristi Noem — a potential running mate for presumptive Republican presidential candidate Donald Trump — is getting attention again.
Self-driving 18-wheelers have longtime truckers worried about their livelihood and others concerned that the technology needs more testing to make sure the public is safe.
McDonald's concept restaurant CosMc's has taken its drink-focused menu to Dallas for its second-ever location.
With the country on the cusp of greeting the return of spring, a warm-weather treat is once again available for free for a limited time only.
Kelli and Michael Regan were looking for a new dog. The breeder they found online asked them to pay with gift cards.
Target, looking for ways to add sales, is relaunching its Target Circle loyalty program including a new paid membership with unlimited free same-day delivery in as little as an hour for orders over $35.
The White House had been due to decide on the menthol cigarette rule in March.
The CDC estimates the U.S. could reach 300 measles cases in 2024 — more than the recent peak two years ago.
Organic option is best when buying certain produce, especially blueberries, nonprofit group says in analysis of chemical residues.
The $872 million most likely excludes any amount UnitedHealth may have paid to hackers in ransom.
More than 20 people have been stricken after getting fake or mishandled injections in homes and spas, feds warn.
Within hours of the vote, the U.S. Chamber of Commerce announced it would sue to block the ban. Dallas employment attorney Rogge Dunn predicts employees will ultimately win this battle.
The closure affects both Dom's locations in Chicago, and all 33 Foxtrot stores in Chicago, Texas, and the Washington D.C. area.
Texas law SB 14 prohibits drug and surgical "gender transition" interventions for minors.
The projects are expected to create at least 17,000 construction jobs and 4,500 manufacturing jobs.
After more than 40 years in business, 99 Cents Only Stores, a discount chain, announced on Thursday that it will close all 371 of its locations and cease operations.
Here's a look at who the 'Boys have drafted so far.
With the departure of Tyron Smith, Guyton has massive shoes to fill at left tackle. The starting job will not be given to him, but Jones did not draft him to watch him sit on the bench.
The Dallas Cowboys made eight picks this year.
An unprecedented six of the first 12 picks were quarterbacks, an NFL Draft record.
Straight out of the 2024 Big Green NFL Draft Scouting Notebook, here's who the Cowboys won't draft this year, but should.
Harvey Weinstein's 2020 conviction on felony sex crime charges has been overturned by the State of New York Court of Appeals.
Taylor Swift fans have found a way to feel "a little bit closer to" their hero at a London watering hole, and The Black Dog pub is lapping it up.
Mary J. Blige, Cher, Foreigner, A Tribe Called Quest, Kool & The Gang, Ozzy Osbourne, Dave Matthews Band and Peter Frampton have been named to the Rock & Roll Hall of Fame.
Taylor Swift broke her own records, Spotify said, and now owns the record for the top three most-streamed albums in a single day.
The singer was found deceased at her home, a representative said.
Overnight storms brought a tornado watch and flash floods to the DFW Metroplex. There's more severe weather coming Sunday afternoon.
Damage reports are just coming in from Marietta, Oklahoma just over the Texas border. Our Dawn White is on the ground, speaking with officials who are concerned about the aftermath of weekend storms.
Dozens of people were arrested at the University of Texas at Austin during protests over the Israel-Hamas war and state lawmakers are divided on the university's response.
More severe storms are expected to hit North Texas overnight and into the afternoon Sunday.
A field of North Texas golfers are taking a swing at being part of next month's PGA Championship.
Dallas artist Roberto Marquez traveled to the Rafah Crossing in Egypt, the U.S. capital and will attend this weekend's statewide protest in Austin.
On Friday, hundreds of thousands of fans gathered outside and all around Globe Life Field in Arlington to celebrate the Texas Rangers historical World Series win!
Babies in the neonatal intensive care unit at several Texas Health hospitals were dressed in creative costumes for Halloween.
Is that the smell of cotton candy, beignets and brisket wafting over Fair Park? It sure is, and we are here for it!
No one puts these dolls back in their boxes. Babies in the neonatal intensive care unit at Texas Health Harris Methodist Hospital Southwest Fort Worth are pretty in pink!