Economy

Advance Auto Parts is closing more than 500 stores and shedding another 200 independent locations.

Consumers saw price relief at the gas pump and grocery store. But housing inflation and other categories, such as car insurance, are trouble spots.

With the unemployment rate low and inflation easing, Trump will inherit an economy primed for growth.

There’s been a significant increase in the share of retirees with credit card debt since 2022, according to the Employee Benefit Research Institute.

The average 30-year mortgage rate has been above 6% for two years — and is likely to stay above that level for the foreseeable future, experts say.

The rate cut follows a larger half-point reduction in September, and it reflects the Fed’s renewed focus on supporting the job market as well as fighting inflation.

Inventory was 23% higher from September 2023 last month, good news for home buyers as it gives consumers more properties to view before making a decision.

The shortfall was more than 8% from the previous year and the third highest on record, the Treasury Department said Friday.

The consumer price index was expected to show a 0.1% increase in September and a 2.3% gain from a year ago, according to Dow Jones consensus estimates.

Two Democratic lawmakers are demanding that some of the biggest food and beverage companies stop engaging in “shrinkflation” — the practice of reducing product sizes while charging prices that are the same or higher.

Thousands of dockworkers are heading back to work Friday after reaching a tentative agreement on pay. NBC6’s Niko Clemmons reports

Thousands of dockworkers are heading back to work Friday after reaching a tentative agreement on pay. Longshoremen across the county and in South Florida went on strike earlier this week with several demands.

U.S. ports from Maine to Texas shut down this week when the union representing about 45,000 dockworkers went on strike for the first time since 1977.

All eyes are on the negotiations between dockworkers on the East Coast and port operators as consumers and business owners worry about their bottom line.

A dockworkers strike in South Florida and across the country entered its second day Wednesday.

The first thing that’s going to be impacted by the dockworkers strike, experts said, is fresh produce, like bananas, and fresh seafood.

Dockworkers at ports from Maine to Texas began walking picket lines early Tuesday in a strike over wages and automation that could reignite inflation and cause shortages of goods if it goes on more than a few weeks.

Former President Donald Trump has proposed a 60% tariff on goods from China and a 20% tariff on everything else the United States imports.

The Federal Reserve announced its first rate cut since 2020. The rate cut comes at a key time for one South Florida woman looking to keep building her small business. NBC6’s Alina Machado reports

The Federal Reserve is cutting its interest rate by a half a point, the Committee said Wednesday.