Economy

The high price of gas is leading some Americans to take vacations closer to home in places like national parks.

Fed Chairman Kevin Warsh and other central bankers will be in Jackson Hole, Wyoming next week for a conference. Meanwhile, local residents combat high prices and rising rents.

Methodology changes to PCE are coming right as the central bank makes critical decisions about interest rates.

The Mexican government has launched its own line of electric vehicles, with technology from China under the hood.

Target, TJX Companies (parent of TJ Maxx and Marshalls), and Walmart all report earnings this week.

A new study reaches that conclusion by comparing the U.S. to Belgium, where wages are indexed to inflation by law.

“It leaves some things out, but it is a very good gauge of the health of an economy,” said Allison Schrager, senior fellow at the Manhattan Institute and columnist at Bloomberg Opinion.

China’s consumers are spending less. A slowdown could be on the horizon.

Consumer sentiment tumbled in early August, according to the University of Michigan survey. July retail sales were down more than half a percent from June, and AAA reports the nationwide average gas price neared a record high for August.

Retail sales fell 0.6% in July, a bigger drop than expected and a sharp reversal from June's modest uptick.