May jobs report: US added 390,000 jobs last month as hiring remained robust

U.S. employers added a healthy 390,000 jobs in May 2022, extending a streak of solid hiring that has bolstered an economy under pressure from high inflation and interest rates.

Walmart to create 4,000 jobs with 4 new fulfillment centers

The first of the four new new fulfillment centers will open this summer in Illinois. These centers will provide faster shipping of items to customers.

US gas prices could top $5 a gallon by mid-June, analyst predicts

With gas prices exceeding $4 nationwide, one expert believes there’s a way you can save a few dollars at the pump by changing your driving habits.

Key inflation measure slowed in April for the first time since 2020

High inflation is still causing hardships, but any slowing of price increases, if it can be sustained, will provide some modest relief.

Baby formula shortage: 78,000 pounds of formula arrives in US

The flight was the first of several to provide “some incremental relief in the coming days” as the government tries to address a critical baby formula shortage.

Nestle flies baby formula to US from Europe to ease shortage

Nestle is shipping Gerber baby formula from the Netherlands and Alfamino formula from Switzerland to the United States to help with a formula shortage crisis that has left parents struggling to find supplies in stores.

Travel expert warns pilot shortage crisis will get 'bigger and bigger'

The Points Guy founder and CEO Brian Kelly said "When they (airlines) don't have enough pilots, there's less flights, and less flights means more expensive flights."

6 months in, Biden's infrastructure plan has 4,300 projects

The Biden administration announced $110 billion for the projects will be used for federal highways, public transit, bridges, safety, and airports. This news comes months after President Joe Biden signed the $1 trillion infrastructure bill into law.

President Biden vows to bring inflation under control

"The first cause of inflation is a once-in-a-century pandemic," Biden said. "A second cause – Mr. Putin's war in Ukraine."

Here's how much more you'll be paying for food in 2022, according to USDA estimates

The USDA’s Food Price Outlook estimates that prices at the grocery store will increase by 5%-6% in 2022. Overall, food prices were 8.8% higher in March 2022, compared to a year prior.

Pediatrician's plea to parents: Do NOT make your own baby formula

Amid today's baby formula shortage, Dr. Sarah Adams of Akron Children's Hospital in Ohio warned parents away from homemade options.

Fed raises interest rates by half-point, the most since 2000

The Federal Reserve intensified its drive to curb the worst inflation in 40 years by raising its benchmark short-term interest rate by a sizable half-percentage point.