US home prices hit a new record high in November
US home prices rise again in November as inventory shortage persists
US inflation slows, companies sticking with high prices for products
Inflation continues to slow from a one-time high of more than 9%, but a lot of consumers are still finding prices are stubbornly high because many of the companies we buy from like it that way.
Major bank announces elimination of 20,000 jobs after losses
Citigroup announced a net loss of $1.8 billion in the fourth quarter.
December job growth may mask troubling economic trends
Employers added more jobs than expected in December ending a year that defies predictions but there may be some trouble behind the headline.
Lower gas prices expected in 2024 and weather, geopolitics could play role
Analysts said growing oil production in the U.S., as well as greater inventories, could lead to prices falling by at least 15 cents through the year.
US national debt nears $34 trillion; majority of voters say economy is in bad shape
The U.S. government’s total debt was fast approaching $34 trillion as of Friday afternoon, according to the latest numbers from the U.S. Treasury.
Housing affordability plummeted to lowest level on record in 2023
Just a fraction of homes for sale in 2023 were affordable for the typical American
Gen X advised to ‘stop spending’ due to largest retirement savings wealth gap of any generation
Economist argues less spending equals a 'milder’ recession.
Texas-based developer, lender sued for targeting Hispanic borrowers
The Justice Department and Consumer Financial Protection Bureau (CFPB) have jointly filed a lawsuit against Colony Ridge, accusing the company of engaging in an illegal land sales scheme that allegedly targeted tens of thousands of Hispanic borrowers through deceptive practices and predatory loans.
Federal Reserve nears victory over historic inflation, defying predictions of recession
The cost of goods — such as used cars, furniture and appliances — has fallen for six straight months.
Federal Reserve hints at rate cuts, gives financial boost to consumers
U.S. financial markets finished the week with the strongest results of the year, spurred by the Federal Reserve's suggestion that interest rates could be cut in the new year.
Rent prices show biggest decline in more than 3 years, Redfin report says
Redfin says its the biggest annual price drop in rents since 2020.
Federal Reserve holds key interest rate steady, anticipates three rate cuts next year
The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time.
Americans need extra $11K to afford same standard of living in 2021, Republican analysis finds
A new analysis has revealed how much more money Americans need now to meet the cost of living standards seen in 2021– prior to a rise in inflation.
US housing market has 'big hole' to dig out of, economist says
New home construction is a 'multiyear problem,' according to Realtor.com chief economist Danielle Hale.
Safety Shot: New drink that lowers blood alcohol levels set to release in December
Safety Shot Inc. is introducing a groundbreaking beverage to swiftly squash a buzz. The "Safety Shot" is crafted to accelerate alcohol detox and promptly plummet blood alcohol content (BAC) in record time.
Report: You would need to earn six figures to afford a median-priced home in the US
The Associated Press reported that home sales continue to decline but prices continue to climb.
Texas gas prices hit record low, now the lowest in the U.S. under $3
Houston drivers can now expect substantial savings at the pump as the statewide gas price average in Texas has fallen below $3 per gallon, according to a recent report.
Fed leaves rates unchanged, open to possible future hike
The Federal Reserve kept its key short-term interest rate unchanged for a second straight time but left the door open to further rate hikes if inflation pressures should accelerate in the months ahea
Walmart's holiday plans aim to counter inflation
As the holiday season approaches, Walmart is gearing up to provide customers with holiday deals, aiming to help them navigate rising inflation.