Economy

Neither “tipflation” nor widespread grumbling about it have forged a new consensus around gratuities in the post-pandemic era, surveys and payment data show.

The summit between the two leaders lasted about four hours. It was the first time in a year that they had met in person.

The two leaders hadn't spoken for a year before Wednesday's summit, with relations between Washington and Beijing at their lowest point in decades.

The latest round of consumer price data showed that prices rose 3.2% in October compared to a year ago.

The region’s No. 2 economy faces its worst crisis in decades with two-fifths of people in poverty, which is shaking up the presidential election runoff next Sunday.

The Bureau of Labor Statistics will release another round of price data Tuesday morning, and experts think inflation will continue to cool.

Part of the reason is your net worth as a homeowner increases as your home’s value rises, and that’s gone up significantly from 2019 to 2022.

The move comes three months after Fitch downgraded its credit rating for the U.S. government in the wake of the debt-ceiling standoff.

Both parties are laser-focused on voters’ sour economic mood, but it’s anyone’s guess how today’s pessimism might play a year from now.

During his trip to Illinois, the president celebrated the tentative deals that were struck between the UAW and three major U.S. automakers following a strike that lasted weeks.

Weeks after three meat plants in Missouri and Arkansas shut down, some ex-employees have already landed new jobs elsewhere. But policymakers are just starting to sort out what comes next for their communities.