Prices on new, used vehicles finally begin to creep down from inflated highs
Even with the average price of new and used vehicles beginning to ease, auto purchases remain unaffordable for many, with average prices still 30% to 50% above where they were in early 2020.
Even with the average price of new and used vehicles beginning to ease, auto purchases remain unaffordable for many, with average prices still 30% to 50% above where they were in early 2020.
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.
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.
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.
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?
More couples are asking wedding guests to help buy a home, experts say
The wedding experts at Zola.com (http://zola.com/) said they’ve seen the number of couples asking for housing-related funds double since 2019.
The wedding experts at Zola.com (http://zola.com/) said they’ve seen the number of couples asking for housing-related funds double since 2019.
Fewer people request US unemployment benefits amid solid hiring, high inflation
Applications for unemployment benefits last week saw their lowest number of claims since April. If the number continues to drop, the Federal Reserve could raise interest rates higher than it plans to slow the economy.
Applications for unemployment benefits last week saw their lowest number of claims since April. If the number continues to drop, the Federal Reserve could raise interest rates higher than it plans to slow the economy.
Costco CFO says hot dog combo price might remain $1.50 forever
Costco CFO Richard Galanti said the company's gas and travel sectors allowed the company to make up for loss at the food court.
Costco CFO Richard Galanti said the company's gas and travel sectors allowed the company to make up for loss at the food court.
Dick's Sporting Goods announces plans to hire up to 9,000 for holidays
A slew of companies have already announced their seasonal hiring plans.
A slew of companies have already announced their seasonal hiring plans.
Butter shortage drives up prices ahead of holiday baking season
The average price of butter in August jumped 24.6% compared to a year ago, U.S. labor statistics show. Here’s what is driving the increase.
The average price of butter in August jumped 24.6% compared to a year ago, U.S. labor statistics show. Here’s what is driving the increase.
US housing recession could send home prices tumbling 20%, economist says
Home prices have already declined 5% from their May peak.
Home prices have already declined 5% from their May peak.