Economy

Everyday Economics: The consumer is still spending, but not out of the woods

Despite high inflation rates, consumer spending was higher than expected. Personal income also beat forecast.

Shares of SpaceX were down to $155 on Wednesday, and Musk was $6 billion poorer than he'd been when SpaceX debuted earlier this month.

The tech-heavy Nasdaq100 fell more than 2% on Tuesday. In premarket trading, Alphabet, Nvidia and Oracle were considerably lower.

Layoffs driving fears of contraction into 2023

Environmental activists argue that more expensive air travel tickets will curb traffic, causing lower emissions.

November's unemployment rate was 3.7%, still near its 53-year low, the Labor Department also reports.

'None of the things that are feeding inflation are going to be going away anytime soon,' Rep. Murphy said.

Americans are worried about high prices but still plan to spend the same or more this holiday season.

‘Make Amazon Pay’ campaign seeks higher compensation for laborers.

Rep. Warren Davidson said the impending rail strike has its roots in worker shortages.

According to O'Reilly, the promotion of the Green New Deal was also a disaster on President Joe Biden's part.

As nationwide strike could come as soon as Dec. 5, with Congress expected to intervene.

The average cost to feed 10 people for Thanksgiving will be $64.05, or nearly $6.50 per person.