Scott Horsley

The fees merchants pay for accepting credit cards are much higher in the U.S. than in Europe. Ice cream shop owner Victor Garcia, for example, paid more than $25,000 in swipe fees last year.

Retailers have long complained about so-called "swipe fees" on credit cards. And now there's a showdown in Congress that pits retailers against the credit card industry. What's at stake for shoppers?

Mortgage rates above 7% are weighing on the housing market. But some builders and buyers are finding workarounds. In some cases, that means choosing a little less space.

The Federal Reserve held interest rates steady today, but hinted one more rate hike may be needed this year to bring inflation under control.

The Federal Reserve left interest rates unchanged Wednesday, despite stubborn inflation, although it left the door open to an additional rate hike in November or December.

The Federal Reserve is widely expected to hold interest rates steady on Wednesday. But investors will be on the lookout for any signals about what comes next.

There are several ways the unprecedented United Auto Workers strike could hit the economy, but it will depend on how long the strike lasts and how many plants are affected, among other factors.

Unionized autoworkers are threatening to go on strike at midnight if no deal is reached with the Detroit carmakers. At first, economic fallout would be limited, but the costs would add up.

Inflation picked up a little steam last month, largely as a result of rising gas prices. The Federal Reserve is still expected to hold interest rates steady when policymakers meet next week.

The cost of car insurance has jumped more than 19% in the last year, far outpacing overall inflation. There are several reasons why that's happening.

Organized labor has scored some big victories this year, including new contracts at UPS. Can the winning streak continue?

Hiring has cooled in recent months. But that's not all bad. Employers are still adding jobs each month, and wages are still climbing.

U.S. employers added 187,000 jobs in August. The unemployment rate rose, but only because hundreds of thousands of people came off the sidelines and started looking for work.

Employers added 187,000 jobs in August, while the unemployemnt rate rose to 3.8%. The data indicates a steady labor market heading into the Labor Day weekend.

The Labor Department reports on job gains for July Friday morning. Forecasters expect the report to show a gradual cooling of the job market, with a still-low unemployment rate.

A proposal from the Labor Department would make an estimated 3.6 million salaried workers newly eligible for overtime pay. It covers workers earning less than $55,000 per year.

From streaming TV to razor blades by mail, Americans are buying more goods and services through pay-by-the-month plans. New research shows they often keep paying long after they want to.

Back-to-school spending reached another record this year, while other spending is giving some indications of how Americans feel about the economy.

Federal Reserve Chair Jerome Powell said interest rates could stay elevated for an extended period to bring inflation to the central bank's 2% target.

The housing market is showing a split: Sales of existing homes were down last month, but sales of newly built houses were up.