U.S. Economy

Iranian-backed Houthi rebel attacks on ships in the Red Sea have caused companies to reroute vessels away from the area, sparking fears of higher oil prices.

Pipedream Labs is working on an underground delivery system to make deliveries faster, cheaper and even better for the environment. It is being tested out in a city in Georgia.

Christmas Day is less than a week away, and last-minute gift-givers have just a few days left to ship their friends or loved ones a present that will arrive in time for the holiday.

WeightWatchers launches a new program dedicated to helping people who have jumped on the weight-loss drug bandwagon. The program is called the GLP-1 Program.

A downward trend in national gas prices persists ahead of holiday travel. Tepid demand and a low cost for oil are bringing drivers relief at the pump, according to AAA.

General Motors on Thursday announced it will layoff over 1,300 workers at two Michigan plants in connection with ending production of vehicles.

Glassdoor named "anxiety" as the word of the year after the term consumed the job review platform. Workers were fueled with stress from pending layoffs, a possible recession and AI.

Choice Hotels on Tuesday announced a hostile bid to acquire Wyndham Hotels & Resorts after the latter hospitality chain rejected earlier takeover attempts.

Hasbro announced it is laying off over 1,000 employees in order to cut costs as it continues to struggle with declining toy sales for consecutive quarters.

The national average for a gallon of gas resumed its gradual decline amid falling oil prices. If oil prices stay low, drivers can anticipate a continued drop in pump prices, AAA said.

Tens of thousands of General Motors employees will be returning to the office in the new year, the automaker confirmed Wednesday.

U.S. gas prices have declined for 11 consecutive weeks and could fall below an average of $3 per gallon nationally for the first time since 2021, analysts predict

The $1.9 billion merger between Alaska and Hawaiian airlines could translate to fewer cheaper options for customers if the deal gets through regulators, which could take several months.

Economists with Realtor.com analyzed the top markets that will see the biggest sales growth in the new year. Certain markets that performed badly in 2023 may see double digit growth.

Nationwide gas prices continue to fall. Lower gas demand has been a main contributor in limiting pump price increases amid rising oil prices, according to AAA.

Virgin Atlantic CEO Shai Weiss said leisure demand has remained robust but corporate demand hasn't notched 2019 levels. It's at 80% though he believes that could increase this year.

While "Buy Now Pay Later " payment options are advertised as "interest free installments" consumers can run into snags if they aren't carefully watching their budgets, experts warn.

Real estate economists project that home prices and mortgage rates will ease in 2024 but there will still be supply constraints in the market.

On Cyber Monday, consumers are expected to spend as much as $12.4B, which marks an all-time high. However, they are even more focused on spreading out their bills.

The price of oil fell below $75 per barrel, taking another leg lower, after OPEC announced it was delaying its highly anticipated meeting.