Economy

United’s fourth quarter earnings beat Wall Street’s estimates, with revenue up 9% in the planes’ front cabins and up 7% in the economy cabin.

In December, there were 47% more home sellers than home buyers across the U.S., according to data from Redfin. In Austin, Texas it was even more extreme, with sellers outnumbering buyers by 128%.

Why do we use words like “natural” in economics? Or what about the word “utility”? The answer can be traced all the way back to the 18th century.

Economic stress can have an unexpected effect on consumer behavior, causing an increase in smaller, indulgent purchases that analysts call the “lipstick effect.”

Wealthy people have been driving an increasing share of consumer spending over the last year. That’s largely because asset values have been increasing, encouraging wealthy people to keep spending money.

Wholesale inflation rose from 2.8% in October to 3.0% in November, according to the latest Bureau of Labor Statistics report. But where inflation is headed is as much about how consumers feel as it is about what wholesalers are paying.

The low-fire, low-hire job market is making it hard for young people to enter the workforce.

The president provided false or misleading claims on inflation, tax cuts, prescription drug prices, and more.

The Social Security trust fund is facing a shortfall. That means benefits could be cut in 2032, not wiped out completely, but there are solutions.

Food prices in December were up 2.4% for the year — and if you go back five years, they’re up about 25%, according to the latest Consumer Price Index from the Bureau of Labor Statistics.