Rob Wile News Today

Rob Wile is a breaking business news reporter for NBC News Digital.

“’You don’t replace a bridge overnight,’ John Schmeiser, chief operating officer of the North American Equipment Dealers Association said. ‘This is something that takes months, if not years, to replace and to build.’”

It seems like a contradiction: How would increasing the cost of monthly credit payments help to bring down the price of goods and services in the economy?

It seems like a contradiction: How would increasing the cost of monthly credit payments help to bring down the price of goods and services in the economy?

U.S. inflation has fallen for 12 months. But there are still red flags in the economy. That means the Federal Reserve is going to raise interest rates again.

U.S. gas prices hit an eight-month high Thursday amid rising oil prices.

More recently, there have been signs that the momentum in this South Florida city has stalled, but that hasn't kept away newcomers and sports fans looking for fun in the sun.

Spotify announced Monday it will increase the price of its premium service by $1, to $10.99.

With Lionel Messi slated to make his American soccer debut Friday, South Florida businesses are bracing for Messi Mania — and the possibility that the immediate economic impact of his arrival is more muted than they had hoped for.

Taylor Swift's Eras Tour is boosting the U.S. economy.