US mortgage rates rise above 7% for the first time since 2002
The monthly payment on a median priced home is 78% higher now than it was a year ago for buyers who are able to make a 20% down payment.
The monthly payment on a median priced home is 78% higher now than it was a year ago for buyers who are able to make a 20% down payment.
Mississippi River drought hits record level, revives supply chain concerns: report
NWS predicts Mississippi River level dropping to 11.1 feet below sea level
NWS predicts Mississippi River level dropping to 11.1 feet below sea level
Railroads reject latest sick time demands, raising chance of strike
Most businesses rely on trains to deliver their raw materials. A railroad strike could devastate the economy.
Most businesses rely on trains to deliver their raw materials. A railroad strike could devastate the economy.
Taxpayers may get bigger refunds for 2023 to help keep up with inflation
The IRS is increasing the standard deduction and tax bracket limits amid inflation.
The IRS is increasing the standard deduction and tax bracket limits amid inflation.
IRS inflation adjustment could lower your tax bill in 2023
The changes are meant to help Americans whose earnings haven’t kept up with the increased cost of living.
The changes are meant to help Americans whose earnings haven’t kept up with the increased cost of living.
Biden to release up to 15 million barrels of oil from strategic reserve
President Joe Biden will announce the release of 15 million barrels of oil from the U.S. strategic reserve Wednesday as part of a response to recent production cuts announced by OPEC+ nations.
President Joe Biden will announce the release of 15 million barrels of oil from the U.S. strategic reserve Wednesday as part of a response to recent production cuts announced by OPEC+ nations.
How does Social Security work? Your benefits increase questions answered
Some 70 million people will see a major increase in Social Security benefits. What does that mean for the future of the program?
Some 70 million people will see a major increase in Social Security benefits. What does that mean for the future of the program?
Social Security benefits to jump by 8.7% in 2023
The Social Security cost-of-living adjustment means the average recipient will receive more than $140 a month starting in January.
The Social Security cost-of-living adjustment means the average recipient will receive more than $140 a month starting in January.
US inflation accelerated in September, keeping pressure on households
Consumer prices rose 8.2% in September compared with a year earlier.
Consumer prices rose 8.2% in September compared with a year earlier.
These housing markets are seeing the largest drop in prices since the pandemic peak
Housing prices are continuing to cool off — and data shows one area of the country, in particular, is seeing the highest drop.
Housing prices are continuing to cool off — and data shows one area of the country, in particular, is seeing the highest drop.
Biden vows there will be 'consequences' for Saudi Arabia after OPEC+ cuts oil production
President Joe Biden says there will be “consequences” for Saudi Arabia as his administration begins reevaluating the U.S. relationship with the kingdom.
President Joe Biden says there will be “consequences” for Saudi Arabia as his administration begins reevaluating the U.S. relationship with the kingdom.
22% of millennials have gone into debt from dating amid inflation, survey finds
Credit card debt was the most common form in the survey, while a small number had even relied on loans to cover their dating expenses.
Credit card debt was the most common form in the survey, while a small number had even relied on loans to cover their dating expenses.
3rd-largest railroad union rejects deal, renewing possibility of strike
The third largest railroad union rejected its deal with the railroads Monday — renewing the possibility of a strike that could cripple the economy — but before that could happen both sides will return to the bargaining table.
The third largest railroad union rejected its deal with the railroads Monday — renewing the possibility of a strike that could cripple the economy — but before that could happen both sides will return to the bargaining table.
Biggest Social Security cost-of-living increase in decades expected this week
Roughly 70 million Americans are likely to see a notable boost in their monthly checks. Here’s what to know ahead of the expected COLA increase announcement this week.
Roughly 70 million Americans are likely to see a notable boost in their monthly checks. Here’s what to know ahead of the expected COLA increase announcement this week.
Nobel economics prize awarded to former Fed chair Ben Bernanke, 2 other Americans
The Nobel Prize winners’ research took on great real-world significance when investors sent the financial system into a panic during the fall of 2008.
The Nobel Prize winners’ research took on great real-world significance when investors sent the financial system into a panic during the fall of 2008.
Another month of solid US hiring suggests more big Fed hikes
America’s employers slowed their hiring in September but still added 263,000 jobs, a solid figure that will likely keep the Federal Reserve on pace to keep raising interest rates aggressively to fight persistently high inflation.
America’s employers slowed their hiring in September but still added 263,000 jobs, a solid figure that will likely keep the Federal Reserve on pace to keep raising interest rates aggressively to fight persistently high inflation.
Americans changing holiday travel plans due to inflation, survey finds
Over the holidays, many Americans are opting for fewer days of travel, cheaper accommodations, and shorter distances due to rising costs, a recent survey found.
Over the holidays, many Americans are opting for fewer days of travel, cheaper accommodations, and shorter distances due to rising costs, a recent survey found.
Peloton to cut 500 jobs as company's turnaround efforts continue
Peloton’s shares surged more than 400% in 2020 amid pandemic lockdowns, but sales have slowed as more people go back to the gym.
Peloton’s shares surged more than 400% in 2020 amid pandemic lockdowns, but sales have slowed as more people go back to the gym.
Mortgage activity hits 25-year low as rates rise
The Federal Reserve's strategy of raising interest rates in an attempt to fight sky-high inflation is sending mortgage rates higher, impacting home buyers.
The Federal Reserve's strategy of raising interest rates in an attempt to fight sky-high inflation is sending mortgage rates higher, impacting home buyers.
‘Unnecessary’ work meetings waste productivity and money, survey finds
But will bosses listen and cut back on meetings?
But will bosses listen and cut back on meetings?