Existing home sales drop to lowest level since 2020

Sales of previously owned houses fell in August for the seventh consecutive month as rising interest rates pushed potential homebuyers out of the market.

EXPLAINER: How the strong U.S. dollar can affect everyone

After rising again Friday, the dollar is near its highest level in more than two decades against a key index measuring six major currencies, including the euro and Japanese yen.

Biden: Tentative railway labor deal reached, averting strike

President Joe Biden said Thursday that a tentative railway labor agreement has been reached, averting a potentially devastating strike before the pivotal midterm elections.

Dow falls 1,250 as inflation maintains grip on US economy

Many of the data points within the inflation report were worse than economists expected, including some the Fed pays particular attention to, such as inflation outside of food and energy pri

Inflation falls for 2nd consecutive month on lower gas prices

Inflation has driven up the costs of families’ grocery bills, rents, and utility costs, placing hardships on households and increasing gloom about the economy despite job growth and low unemployment.

Massive rail strike could mean more supply chain issues

A possible worker strike would threaten the U.S. economy with an estimated cost of $2 billion per day.

Is inflation cooling off? It depends where you live

Western states facing inflation rate of 9.6% even as price increases show hint of slowdown.

Utility assistance available for households behind on power bills

A tsunami of utility shutoffs are expected across the country as millions of households have fallen behind of utility bills amid higher prices and the heatwave.

OPEC, allies cutting world oil supplies as prices fall

The move signals their unhappiness with crude oil prices that have dropped because of recession fears.

Consumer prices rise to 6.3% in July as inflation begins to ease a bit

A report released by the Commerce Department reveals that a decline in energy prices in July offered some relief amid high prices caused by inflation.

Steak prices decline on waning demand

The cost of steak is on the decline while ground beef prices remain elevated as consumers adjust their protein preferences to escape soaring inflation.