Economy

The Labor Department's latest consumer price index data showed that inflation continues to strain consumers' food budgets, with some items seeing notable price increases.

There are nearly 2,000 gas stations that are out of fuel in Florida a day after Hurricane Milton slammed into the state. It's the second major storm in recent weeks.

Hurricane Milton wreaked massive amounts of damage with its high winds and flooding as the storm roared through the central region of Florida overnight.

Weekly jobless claims climbed higher than expected following the devastation of Hurricane Helene on several states, and economists expect Milton to have further impacts.

Inflation rose by 2.4% in the last 12 months, the lowest increase in the last three years.

Mortgage rates rose sharply this week in their biggest jump since April, bringing the average rate for a 30-year fixed note to 6.32% as demand fell for a second straight week.

The Labor Department on Thursday released closely watched inflation data for September that showed the consumer price index rose 2.4% last month, which was slightly above expectations.

Hurricane Milton's landfall in Florida has disrupted gas supplies after many residents stocked up on gas and diesel for their evacuation ride out of the area and to power generators.

FOX Business host Larry Kudlow discusses Art Laffer's contributions to economic policy on Wednesday's "Kudlow."

The Waffle House Index is reporting closures in parts of central and southwest Florida as Hurricane Milton approaches, bringing devastating storm surge and high winds.

The former electric vehicle maker Fisker's headquarters in La Palma, California, following a bankruptcy filing was left a mess, according to court documents.

Some 235,000 commercial buildings worth upwards of $1 trillion are in the path of Hurricane Milton as the storm barrells toward Florida, according to Moody's.

Walmart is using its parking lots to help storm victims get access to emergency supplies, get a hot meal, charge their phones, do laundry and even take a shower.

Several airports in Florida have temporarily shut down operations ahead of Hurricane Milton's landfall. This marks the second major storm to make landfall in the state in recent weeks.

O’Leary Ventures chair Kevin O’Leary shared his thoughts on Vice President Kamala Harris' interview on "60 Minutes" where she was pressed on her economic plan.

Hurricane Helene caused between $8 billion and $14 billion in losses within the private insurance market after wreaking havoc on the Southeast, according to an estimate by Moody's RMS.