Inflation reaches lowest point in 3 years; here's what prices came down most

The improved inflation stats show that it’s steadily moving back to the Federal Reserve’s 2% target, with the agency likely to keep cutting its standard interest rate in 2024.

Source: Dockworkers' union suspends port strike until Jan. 15 to allow time to negotiate new contract

The union, the International Longshoremen's Association, is to resume working at least until January said the person, who spoke on condition of anonymity because the agreement has yet to be signed.

Pickup truck crashes into daycare center; HAZMAT crews respond to Loop 101 crash | Morning News Brief

A truck that crashed into a Glendale daycare center building; a crash along the Loop 101 that prompted a HAZMAT response; and more – here's a look at some of the top stories this morning.

Will the US port strike raise gas prices? What you need to know

Experts say the U.S. port strike could eventually affect the oil and gas industry. While no immediate disruptions are expected, the real question is whether prolonged strikes could lead to price hikes.

Helene forces closure of North Carolina quartz facilities, disrupting tech supply chain

Hurricane Helene forced the shutdown of two key quartz manufacturing facilities in Spruce Pine, North Carolina, operated by Sibelco and The Quartz Corp, which produce ultra-pure quartz essential for semiconductors, solar panels, and fiber-optic cables.

Home heating costs to increase this winter; here's how much

With the prices to heat your home expected to spike during the winter months, this is how much you could be paying in your area.

Eviction cases in Maricopa County on pace to break record set in 2005

Maricopa County set a record for the most evictions through the first three-quarters of a calendar year with 65,651 total cases so far this year.

Why are egg prices soaring? Here's what experts say

Egg prices have surged by 28.1% over the past year, with the average cost of a dozen eggs rising from $2.04 to $3.20, according to the Bureau of Labor Statistics.

Port strike looming: What to know and expect

Retailers are bracing for potential pain should thousands of dock workers along the East Coast begin striking this week. Here’s what to know and what to expect.

How the Fed's rate cut will impact auto loans

It will take a lot more than the single rate cut from the Fed to make a notable difference in auto loan rates. Since 2022, the higher rates have pushed the average new vehicle loan payment up $108 a month to $967, analysts found.

Would Harris or Trump do a better job on the economy? Voters spilt in new poll

About 4 in 10 registered voters say Trump would do a better job handling the economy, while a similar number say that about Harris, according to a new AP-NORC poll.

Will the Fed's rate cut bring down mortgage rates?

While the federal funds rate is not what consumers pay directly, it affects borrowing costs for home equity lines of credit, auto loans and credit cards. Mortgage rates are linked to moves in the 10-year Treasury yield.

Federal Reserve slashes key rate by half-point, signals end of inflation battle

The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates helped tame inflation but that also made borrowing painfully expensive for consumers.