Category: economy

Home Prices Hit Record High While Mortgage Rates Continue to Soar

'Shop for your dream home and accept that this year is probably not the time to find a dream...

Two-Thirds of Baby Boomers Not Financially Prepared For Retirement

With the surge of boomers retiring between now and 2030 would have a major impact on the U.S....

Credit Card Delinquencies Reach Historic Highs, Fed Report Shows

'Almost 3.5% of card balances were at least 30 days past due as of the end of December'

Core CPI Rate Rises 3.5% In March

Analysts Say Rising Inflation Dashes Hopes For Fed Rate Cut This Year

Biden Announces Plan to Lower Housing Costs

The president is asking House Republicans to pass legislation providing a $10,000 tax credit for...

Higher Minimum Wage Laws Are Driving Restaurants to the Brink of Closure

This January, more than 40 restaurants in New York closed because of rising operating costs

Two-Thirds of Americans Living Paycheck to Paycheck, According to New Poll

"No one’s immune," the pollsters wrote.

Voters May Punish Biden If Gas Prices Rise Due To Middle East War

Researcher: 'This could easily make the difference in a close election'

Housing Now Unaffordable For Half of All Renters, Study Finds

The U.S. is now 'seeing the highest homelessness counts on record'

Biden Administration Pushes Rule Change To Eliminate Independent Contractors

The same policy was passed in California, which resulted in companies firing all contractors

More Americans Pull From Retirement Savings As Economy Worsens

Three quarters of respondents in a recent survey say inflation is causing them stress

U.S. Credit Card Debt Soars To Record $1.08 Trillion

After Draining U.S. Strategic Oil Reserve To Record Lows, Biden Admin Preps More Releases

Officials have not yet replenished last year's releases as oil prices persist above $80 per barrel

Oil Prices Spike Amid Middle East Conflict

Analysts anticipate potential supply issues if war breaks out with Iran over alleged involvement

Homeowners Feel Pinch As Interest Rates Hit 22-Year High

Rate hikes to dampen inflation have pushed mortgage payments to new highs

Biden Admin Delays Refilling U.S. Strategic Oil Reserve

Officials who drained the U.S. Strategic Petroleum Reserve to a 40-year low won't refill, saying...

Inflation Drops to Lowest Point Since 2021

Latest data could signal end to rising interest rates from the Federal Reserve

Indiana Opens Business Office in South Korea to Pursue Energy and Technology Investments

'Indiana’s new Seoul office underscores the importance of the state’s deepening relationships...

As The White House Pitches 'Bidenomics' Messaging, 34% of Americans Approve of the President's Economic Record

About 1 in 10 Republicans approve of Biden’s job performance overall or on the economy

Inflation Cools To 4%, The Lowest Rate Since 2021

Analysts expect the Fed to halt rate hikes this week in response to the latest inflation data

Bill Ackman Warns Banking System In 'Grave Risk'

Investors made nearly $380M in a single day short-selling stocks of collapsing regional banks

GOP-Led States Rank Highest For Economic Outlook: New Report

Economist says low taxes and smaller government leads to better economic outcomes

Biden Budget Plan Will Spike Debt to 'New Record' of 110% of GDP, Watchdog Says

FY 2024 budget proposal fails to address the Social Security Old-Age and Survivors Insurance...

U.S. Homeowners Lost $2.3T In Value During Second Half of 2022

Data shows Florida holds 60% of the hottest metro markets despite damage from Hurricane Ian in 2020