Economy

Inflation in January was higher than forecasted

5:28pm February 13, 2024

by Scott Horsley

Inflation was hotter than expected in January, with prices up 3.1% from a year ago. The news suggests it could take longer before the Federal Reserve is ready to start cutting interest rates.

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The dating app paradox: Why dating apps may be worse than ever

4:08pm February 13, 2024

by Greg Rosalsky

Investors in dating app companies are suffering from heartbreak. As these companies shift gears and try to make a profit, many of their users are heartbroken too.

Economy

The Labor Department lays out last month's cost of living stats

8:17am February 13, 2024

The Labor Department is delivering a report card on inflation. The Federal Reserve has said it wants more evidence that price increases are easing before it starts cutting interest rates.

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The stock market sets new records as Wall Street's confidence in the economy grows

4:43pm February 12, 2024

by David Gura

The stock market has been blasting through record after record. The S&P 500 recently crossed a new threshold for the first time ever. What's driving this record-setting run?

Your guide to a pocket-friendly Super Bowl tailgate

7:58am February 10, 2024

by Scott Horsley

Chicken wings are cheaper this year but chips and dips may cost you more. Here's a playbook for seeing the economy through the lens of your Super Bowl menu.

Chicken wing prices have fallen for the second year in a row, in a windfall for Super Bowl snackers. Beef prices, however, are still climbing.

Good thing, wings cost less and beer's flat: Super Bowl fans are expected to splurge

9:01am February 09, 2024

by Scott Horsley

Super Bowl food: Chicken wings are a bargain this year, but beef prices are climbing. Here's a playbook for staying well fed without having a your wallet thrown for a loss.

It's been 6 months since deadly wildfires swept Maui. Is the economy recovering?

11:50am February 08, 2024

by Debbie Elliott

Maui's economy took a huge hit from a drop-off in tourism after the fires. West Maui opened up to tourists in October, to mixed reaction in the community. What frictions and challenges still remain?

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An investor looks at screens showing stock market movements at a securities company in Fuyang in China's eastern Anhui province on Jan. 17.

Question marks over China's economy have stocks on a long downward slide

5:01am February 08, 2024

by John Ruwitch

Benchmark indexes are near a five-year low, after a rough start to the year. China's CSI 300 index is down nearly 20% over the past 12 months. Analysts say the malaise is a symptom of bigger problems.

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Economy

HanesBrands in Winston-Salem, Global Textiles in Reidsville announce April layoffs

5:36pm February 07, 2024

by Paul Garber

Two major Triad manufacturers have announced plans to lay off a total of about 250 employees in April.

North Carolina Insurance Commissioner Mike Causey

North Carolina insurance commissioner says no to industry plan that could double rates at coast

2:47pm February 06, 2024

by Gary D. Robertson, Associated Press

North Carolina's top insurance regulator has denied