What makes a bear market? Wall Street term explained
Wall Street is back in the claws of a bear market amid worries about inflation and higher interest rates. Here are answers to some common questions about bear markets.
Wall Street is back in the claws of a bear market amid worries about inflation and higher interest rates. Here are answers to some common questions about bear markets.
Bitcoin, other cryptocurrencies collapse, major crypto lender Celsius Network halts operations
Bitcoin and other cryptocurrencies were collapsing in price Monday, after the major crypto lender Celsius halted all withdrawals citing “extreme market conditions."
Bitcoin and other cryptocurrencies were collapsing in price Monday, after the major crypto lender Celsius halted all withdrawals citing “extreme market conditions."
Average gas price in US jumped nearly 40 cents in recent weeks
The average price at the pump is nearly $2 higher than it was one year ago.
The average price at the pump is nearly $2 higher than it was one year ago.
Biden blames pandemic, Putin as high US inflation persists
In President Joe Biden’s estimation, the U.S. is in a strong position to overcome the worst inflation in more than 40 years. But so far, inflation just keeps getting the better of the U.S. economy and of the Biden administration.
In President Joe Biden’s estimation, the U.S. is in a strong position to overcome the worst inflation in more than 40 years. But so far, inflation just keeps getting the better of the U.S. economy and of the Biden administration.
Out-of-gas calls on the rise, AAA says
In April alone, AAA received 50,787 calls from stranded drivers.
In April alone, AAA received 50,787 calls from stranded drivers.
US inflation hit 8.6% in May, a new 40-year high
Consumer prices surged 8.6% last month from 12 months earlier, faster than April’s year-over-year surge of 8.3%, the Labor Department said Friday.
Consumer prices surged 8.6% last month from 12 months earlier, faster than April’s year-over-year surge of 8.3%, the Labor Department said Friday.
No, you're not imagining it — package sizes are shrinking, here's why
Shrinkflation isn’t new, experts say. But it increases during times of high inflation as companies grapple with high costs for ingredients, packaging, labor, and transportation.
Shrinkflation isn’t new, experts say. But it increases during times of high inflation as companies grapple with high costs for ingredients, packaging, labor, and transportation.
Burien ends emergency hazard pay for grocery workers, citing a shift in the pandemic
Burien City Council leaders announced the end of emergency hazard pay for grocery workers on Monday, citing readily available COVID-19 vaccines and boosters as a major turning point in the pandemic.
Burien City Council leaders announced the end of emergency hazard pay for grocery workers on Monday, citing readily available COVID-19 vaccines and boosters as a major turning point in the pandemic.
Seattle considers measures to address gig worker pay, rights
The Seattle City Council will vote Tuesday on the first in a series of policies that would ask app-based companies like food delivery services to improve wages, transparency and other working conditions for gig workers.
The Seattle City Council will vote Tuesday on the first in a series of policies that would ask app-based companies like food delivery services to improve wages, transparency and other working conditions for gig workers.
Inslee settles lawsuit over building council appointments
Gov. Jay Inslee’s appointments to an obscure regulatory panel have cost Washington state $70,000 in a public records lawsuit settlement — and forced the governor to name new appointees, according to a report from The Seattle Times.
Gov. Jay Inslee’s appointments to an obscure regulatory panel have cost Washington state $70,000 in a public records lawsuit settlement — and forced the governor to name new appointees, according to a report from The Seattle Times.
Amazon tests package deliveries directly from shopping malls
Amazon’s new service gives customers a convenient option to have merchandise delivered to their homes faster.
Amazon’s new service gives customers a convenient option to have merchandise delivered to their homes faster.
Key inflation measure slowed in April for the first time since 2020
High inflation is still causing hardships, but any slowing of price increases, if it can be sustained, will provide some modest relief.
High inflation is still causing hardships, but any slowing of price increases, if it can be sustained, will provide some modest relief.
More Memorial Day travel expected, despite high gas prices
AAA estimates that millions of people will travel 50 miles or more during the holiday weekend with the majority of them driving their cars.
AAA estimates that millions of people will travel 50 miles or more during the holiday weekend with the majority of them driving their cars.
Bank of America to raise minimum wage to $22 an hour
It’s part of the bank’s phased approach to raising its minimum wage to $25 an hour by 2025.
It’s part of the bank’s phased approach to raising its minimum wage to $25 an hour by 2025.
Permit approved for large solar power farm in Yakima County
Plentiful sunshine, a nudge from the state of Washington, and even a few sheep will help a large solar power farm in eastern Yakima County begin operation sometime in 2024.
Plentiful sunshine, a nudge from the state of Washington, and even a few sheep will help a large solar power farm in eastern Yakima County begin operation sometime in 2024.
Baby formula shortage: 78,000 pounds of formula arrives in US
The flight was the first of several to provide “some incremental relief in the coming days” as the government tries to address a critical baby formula shortage.
The flight was the first of several to provide “some incremental relief in the coming days” as the government tries to address a critical baby formula shortage.
As inflation soars, one-third of Americans are experiencing financial stress: Survey
More than one-third of households reported difficulties in paying bills recently.
More than one-third of households reported difficulties in paying bills recently.
Stocks close just above bear market after turbulent day
The S&P 500 ended 18.6% below the record high it set in early January.
The S&P 500 ended 18.6% below the record high it set in early January.
House approves bill to take aim at gasoline 'price gouging'
A bill backed by House Democrats would give President Joe Biden authority to declare an energy emergency and ban excessive or exploitative fuel prices.
A bill backed by House Democrats would give President Joe Biden authority to declare an energy emergency and ban excessive or exploitative fuel prices.
BBB warns against baby formula scams amid national shortage: 'Scammers are watching'
The baby formula shortage could inspire scammers to strike online, the Better Business Bureau warns.
The baby formula shortage could inspire scammers to strike online, the Better Business Bureau warns.