Cox Automotive reported that its Manheim Used Vehicle Value Index (MUVVI), which tracks the auction prices of used cars, plunged the most on record in December from a year ago as the auto market cools.
Holiday sales rose this year as American spending remained resilient during the critical shopping season despite surging prices on everything from food to rent, according to one measure.
The House Oversight Committee is taking a deep dive into the events surrounding the COVID-19 pandemic, and Rep. James Comer (R-KY) says they are starting from the bottom and working their way up.
A survey from a leading retail trade group finds that inflation is making it harder for middle-class households to cover their expenses as the winter holidays loom.
Well, the long-awaited second-quarter GDP numbers are out, and based on the reading, the economy contracted by 0.9% on a year-over-year basis, adjusted for inflation.
