Economy Archives

QUESTION OF THE DAY: Are you Black Friday shopping this year?

November 24, 2023 4:34 AM ABC 17 News Team

Millions of Americans will head out to stores on Friday in search of deals.

Cost of food and gas both down this Thanksgiving compared to 2022

November 21, 2023 11:47 AM Morgan Buresh

The average cost for a Thanksgiving dinner is still considered high, but the American Farm Bureau reports prices are down slightly from last year.

Missouri sees over $100 million in marijuana sales in October

November 18, 2023 8:14 PM Hannah Falcon

JEFFERSON CITY, Mo. (KMIZ) Missouri has made about $1.8 billion from marijuana sales since the adult-use was legalized. The Department of Health and Senior Services released the latest sales numbers, showing $95.5 million was made in adult sales in October, along with $17.6 million in medical sales. This makes a total of $113.1 million in

New home construction increased in October for second straight month

November 17, 2023 7:41 AM CNN Newsource

By Anna Bahney, CNN Washington, DC (CNN) — The annual pace of new home construction increased again last month amid a historic shortage of housing inventory and crushing mortgage rates. Housing starts, a measure of new home construction, jumped by 1.9% in October, compared to the previous month. Starts rose to a seasonally adjusted annual

QUESTION OF THE DAY: Have you started to see lower grocery prices?

November 17, 2023 2:06 AM ABC 17 News Team

The prices of some grocery items have started to fall, and the CEO of Walmart on Thursday said the economy could be in store for deflation.

General Motors becomes 1st of Detroit automakers to seal deal with unionized workers

November 16, 2023 6:57 AM Associated Press

By TOM KRISHER AP Auto Writer DETROIT (AP) — United Auto Workers union members have voted to approve a new contract with General Motors, making the company the first Detroit automaker to get a ratified deal that could end a contentious and lengthy labor dispute. A vote-tracking spreadsheet on the union’s website shows that with

Local sheriff’s Department feeling pressure of UAW strike

October 2, 2023 4:28 PM Morgan Buresh

As the United Auto Workers strike continues for a third week, one Columbia mechanic says it could soon affect drivers.

How the United Auto Workers strike could impact vehicle prices in the near future

September 17, 2023 5:30 AM Gabrielle Teiner

COLUMBIA, Mo. (KMIZ) As the United Auto Workers union strike moves into day three and discussions between CEOs and workers continue, consumers and car dealers could start to see impacts on car prices in the future. Popular vehicles that are already in limited supply such as the Chevrolet Silverado, Tahoe, Ford F-Series pickup trucks, GMC

QUESTION OF THE DAY: Is inflation still draining your finances?

September 14, 2023 2:10 AM ABC 17 News Team

Inflation was up in August for the second straight month, according to reports released Tuesday.

UAW chief says offers from Detroit companies are inadequate, says union is ready to go on strike

September 13, 2023 4:57 PM Associated Press

By TOM KRISHER and DAVID KOENIG AP Business Writers DETROIT (AP) — With just over 24 hours left before a strike deadline, United Auto Workers President Shawn Fain said Wednesday that offers from the companies aren’t enough and the union is getting ready to strike. In an online address to union members, Fain said General

Could Missouri become a Right to Work state?

September 4, 2023 11:42 AM Hannah Falcon

Union membership decreased from 10.3% in 2021 to 10.1% in 2022, according to the U.S. Bureau of Labor Statistics

Local business lose revenue due to the cancellation of Treeline Music Fest

September 2, 2023 7:37 PM Euphenie Andre

COLUMBIA, Mo. (KMIZ) Editor’s note: this article has been corrected to accurately reflect the line up of the canceled festival. Local businesses are in shambles trying to figure out how to spike their revenue after losing the Treeline Music Festival that brings in thousands to business every year. The festival has brought millions to Columbia

QUESTION OF THE DAY: Are you still seeing rising rent prices?

June 27, 2023 2:45 AM ABC 17 News Team

Some areas are seeing higher rent increases than others.

University of Missouri hopes new nuclear reactor will attract economic growth, top talent to Columbia

June 14, 2023 11:34 AM Hannah Falcon

The Regional Economic Development Inc. Board, more commonly referred to as REDI, is starting the first of its On The Road meetings at the NextGen Precision Health building on the university’s campus Wednesday morning. According to the agenda, the board will hear a presentation on the research reactor.

Fed keeps rates unchanged for first time in 15 months but signals 2 more potential hikes this year

June 14, 2023 1:32 PM Associated Press

The Federal Reserve kept its key interest rate unchanged Wednesday after having raised it 10 straight times to combat high inflation. But in a surprise move, the Fed signaled that it may raise rates twice more this year, beginning as soon as next month.

Experts say gas prices will continue to fluctuate

May 3, 2023 11:48 AM Ethan Heinz

Gas prices are likely to continue fluctuating this summer, with things such as the OPEC+ oil group’s drop in production putting pressure on the oil market.