US new home sales drop to lowest level in 2 years
New single-family home purchases tumbled 8.1% to a seasonally adjusted annual rate of 590,000 units, the lowest level since April 2020.
New temp-service expanding into Houston, offering to make gig economy more secure for workers
One of the most significant changes to the job market, since the start of the pandemic, has been the massive growth in gig work. Whether by necessity, or convenience, temporary and freelance jobs have become very popular.
Fed set to impose another big rate hike to fight inflation
Federal Reserve Chairman Jerome Powell Wednesday will address the Fed's plans to raise interest rates until inflation falls, even if it possibly slows economic growth.
Used cars costing consumers $10,000 more than 'normal' as inflation rages
It's a bad time for consumers looking to buy a used car.
Nearly half of Americans will take on debt this year despite higher borrowing costs: survey
Even with the Federal Reserve expected to raise borrowing rates again next week, adding debt is “not necessarily a bad sign," analysts say.
Expert offers tips to navigate financial change, as inflation and recession fears drag on
The government's report that came out this week that inflation has climbed to 9.1% has more consumers facing some really tight finances and quite frankly, just worried about a possible recession.
Manchin says no to new taxes, climate action in 'stunning' blow to Dems
Senator Joe Manchin says he’ll oppose an economic measure he’s been negotiating with Democratic leaders if it includes climate change action or higher taxes on the rich or corporations.
Here’s how much it costs to have a baby in the US, analysis finds
The jarring figures don't include any spending on the baby after he or she is born.
US inflation reached 9.1% in June, a new 40-year high
U.S. consumer prices soared 9.1% compared with a year earlier, the government said Wednesday, the biggest 12-month increase since 1981.
Costco raises prices on food court soft drinks, chicken bake
Wholesale retailer Costco reported June net sales of $22.78B.
Why the crypto plunge is a cautionary tale for public pension funds
The plunge in prices for Bitcoin and other cryptocurrencies in recent weeks provides a cautionary tale for the handful of public pension funds that have dipped their toes in the crypto pool over the past few years.
Inflation, expenses rise sharply as priorities for most Americans, poll finds
Most Americans expressed little confidence in Republicans and Democrats to focus on issues important to them or an ability to work together and get things done.
US employers add a solid 372,000 jobs in sign of resilience
America’s employers shrugged off high inflation and weakening growth to add 372,000 jobs in June, a surprisingly strong gain that will likely spur the Federal Reserve to keep sharply raising interest rates.
Texas GOP Congressman says Biden must 'own' crippling inflation
With many Texans worried about their financial future, Republicans have been quick to blame President Joe Biden's policies. For the current hardships.
'We've done something about it': Biden touts rule which aims to rescue pensions for millions
President Joe Biden has used an Ohio visit to showcase federal action aimed at shoring up pensions for millions of workers.
Electric vehicle battery myths v. facts: The debate over ‘green’
As demand for electric vehicles grows, innovation follows and companies are looking at more environmentally friendly options when it comes to the controversial manufacturing of EV batteries.
President Biden pushing Congress for 3-month gas tax holiday
As gas prices hover around historically high levels, President Joe Biden is now pushing on congress to pass a federal gas tax holiday.
Federal Reserve Chair Jerome Powell says rate hikes to be decided 'meeting by meeting'
Concerns are growing among some that the Federal Reserve may tighten credit so much that it may cause a potential recession.
'Breaking Bad' actor says Americans should 'stfu' about gas prices if they 'love capitalism so much'
The national average for a gallon of gas sits at more than $4.98.
American Airlines ending service in three cities due to pilot shortage
American Airlines is ending service in three cities this fall in response to the industry-wide pilot shortage.