What recession? It's a summer of splurging, profits and girl power
Economic data show higher prices and constant warnings of a downturn haven't slowed down American shoppers. The Fed is anxious. Companies are thrilled.
Economy
What Barbie's professional history says about women in the labor force
With more than 200 careers under her pink belt, Barbie has always been a hard worker. What can the types of professions Barbie's done tell us about women in the U.S. labor force? A lot, actually.
Economic anxiety grows in Los Angeles as Hollywood strikes continue
With the WGA strike entering it's third month and SAG-AFTRA strike heading into its third week, L.A. workers reflect on what the Hollywood stoppage means for the local economy.
American companies report surprisingly high spending from shoppers despite inflation
Recession? What recession? The Fed is still cautious, but big brands — Kimberly-Clark, Hilton, Visa, Chipotle, Coca-Cola — are singing praises to shoppers who seem un-swayed by their higher prices.
What my $30 hamburger reveals about fees and how companies use them to jack up prices
New fees are being tacked onto hotel bills, airfare, restaurant checks and pretty much everywhere else. It's another form of inflation and it's costing consumers $65 billion a year.
Mattel tried to report financials. All anyone wanted to talk about was 'Barbie'
Mattel reported financial earnings Wednesday. Impacts from the Barbie movie remain to be seen, but she still stole the show.
White House uses the term 'Bidenomics' to help sell the president's economic agenda
President Biden has low approval ratings on the economy even though voters like some key policies. The White House wants to narrow this gap with its "Bidenomics" slogan, but there are risks.
The Fed's hot pause summer gets an ice bath: Interest rates rise again
After taking a pause last month, the Fed got back to raising interest rates. Many are now saying a "soft-landing" is within our sights
The Federal Reserve is expected to raise key interest rate again on Wednesday
The Federal Reserve is expected to raise its benchmark lending rate to the highest level in 22 years after a year of successive hikes aimed at fighting inflation.
Fees added to bills are costing consumers billions. Now, regulators are cracking down
The rise of fees on hotel bills, bank bills, restaurant bills and everywhere else has regulators cracking down. Turns out, they are just inflation in disguise.