Business

Amid an unprecedented surge in demand for U.S. passport processing, the State Department is expanding its application-processing call-center hours on weekends, as at least one U.S. senator says the agency should take additional measures to…

Buy Buy Baby’s stores are set to disappear after a last ditch effort to save the chain and keep the business alive fell apart, CNBC has learned.  Brand management firm Go Global Retail, which owns children’s apparel…

There’s still a long way to go — but U.S. consumers are starting to feel better about the economy. The University of Michigan’s monthly Consumer Sentiment Index hit 72.6 for July — the highest reading…

Taylor Swift’s Eras Tour is boosting the U.S. economy. Ticket sales for Swift’s concerts have been so explosive, one Federal Reserve office said, the pop superstar is helping fuel the national tourism industry. The central…

The Federal Reserve raised its key federal funds rate 10 times since March 2022 — something it hasn’t done as aggressively since the 1980s. The central bank hopes that by doing so, it can slow…

Inflation fell to 3% in June — the 12th-consecutive month of declines. Forecasts called for 12-month consumer price increases to slow from 4% in May to 3.1% in June — just about 1 percentage point…

It took a while, but people are just about done catching up on experiences lost during the pandemic. While a minority of high-dollar travelers are still confronting — and paying — four-figure airfares to Paris…

Bank of America must pay more than $100 million to customers for doubling up on some fees, withholding reward bonuses and opening accounts without customer consent. Bank of America will pay $90 million in penalties…

As inflation continues to slow, shoppers are finally getting some relief at the grocery store. Rising food prices have been among the biggest drivers of inflation since 2020, with a combination of labor shortages, supply…

For much of the post-pandemic period, U.S. consumers have experienced rapid price increases that touched nearly every aspect of the economy, from food and gas to hotels, airfares and cars. But finally, the price-growth fever…