
Housing market gets stronger
The housing market faced one of the biggest selling markets in history last year, and this year began the road to…
Continue ReadingThe housing market faced one of the biggest selling markets in history last year, and this year began the road to…
Continue ReadingBy Anna Bahney, CNN Washington, DC (CNN) — US mortgage rates surged to their highest level in nearly 23 years this week as inflation pressures…
Continue ReadingUS pending home sales dropped 7.1% in August from the month prior as mortgage rates surging over 7% in August to levels not seen in 20 years packed a…
Continue ReadingRising gas prices and high interest rates contributed to greater economic uncertainty and dampened consumer confidence in September, dropping the key…
Continue ReadingNew home sales dropped in August from the month before, as mortgage rates topped 7% and rose to the highest levels in more than 20…
Continue ReadingUS home prices continued to rise in July, hitting a new record high and marking the sixth successive month of gains, as historically low inventory…
Continue ReadingCNN By Parija Kavilanz, CNN New York (CNN) — Target’s decision to close nine of its stores in major cities, citing persistent large-scale…
Continue ReadingBy Anna Bahney, CNN Washington, DC (CNN) — US mortgage rates remained flat this week, hovering over 7%, where they’ve been for six…
Continue ReadingHome prices continued to climb in August, even as home sales dropped, a result of the low inventory of homes for sale pushing prices up and…
Continue ReadingBy Jeanne Sahadi, CNN New York (CNN) — Even though the Federal Reserve didn’t hike its benchmark interest rate on Wednesday, it didn’t…
Continue ReadingThe Federal Reserve said Wednesday it will pause its rate hikes, keeping its benchmark lending rate at a 22-year…
Continue ReadingMortgage applications rose last week, even as mortgage rates remain stubbornly high, an indication that at least some buyers are determined to move…
Continue ReadingUS home building sank in August, dropping 11.3% from July levels, as mortgage rates stayed elevated amid lingering…
Continue ReadingShopdog analyzed spending data from the Census to illustrate how American consumers are holding up under continued…
Continue ReadingIdaho’s seasonally adjusted unemployment rate increased in August, rising by two-tenths of a percent from 2.8% in July to 3%.…
Continue ReadingBy Peter Valdes-Dapena, CNN New York (CNN) — Now that the United Auto Workers union has started a strike, the US auto market is about to be…
Continue ReadingBy Bryan Mena, CNN Washington, DC (CNN) — Rising gas prices haven’t taken their toll on the American consumer just yet, amid growing optimism…
Continue ReadingUS mortgage rates ticked up this week, ending a two-week streak of slight declines. Rates have remained over 7% for five consecutive weeks as…
Continue ReadingWholesale inflation accelerated for the second month in a row, mirroring a similar trend in the Consumer Price Index report, the Bureau of Labor…
Continue ReadingUS retail sales picked in August, boosted by higher gas prices, as spending on other items grew…
Continue ReadingAs overall US inflation heated up last month, consumers got some relief at grocery…
Continue ReadingAcross the United States, the cost of car insurance is up 19% compared to a year ago, according to August’s Consumer Price Index report released on…
Continue ReadingBy Bryan Mena, CNN Washington, DC (CNN) — US inflation accelerated in August for the second-straight month, pushed up by rising gas prices.…
Continue ReadingAmerica’s small businesses felt gloomier in August as they continued to struggle with inflation and hiring qualified workers, according to a survey…
Continue ReadingOn a warm Saturday morning in July, as Kathie Leonard planned to set out on her boat for a day on the water off the coast of Maine, her phone…
Continue ReadingBy Samantha Delouya, CNN (CNN) — People aren’t buying furniture like they used to. Last week, a pair of furniture retailers said they are…
Continue ReadingIf you’re thinking about buying a new car, you might be warily watching news about a possible United Auto Workers…
Continue ReadingUS inflation has slowed markedly over the past year as the Federal Reserve raised interest rates aggressively to cool demand and slow price…
Continue ReadingKroger and Albertsons are selling roughly 400 stores to Piggly Wiggly’s parent company in an attempt to win antitrust approval for the mega merger…
Continue ReadingBy Bryan Mena, CNN Washington, DC (CNN) — After a summer of robust consumer spending, America’s bars, hotels and restaurants say the era of…
Continue ReadingLast week’s economic data increasingly gave investors hope that the Federal Reserve could hold interest rates steady this month, following a hike…
Continue ReadingAccording to private payroll processor ADP, US employers hired 455,000 new workers in…
Continue ReadingOn what is usually the first Friday of every month, the US Bureau of Labor Statistics releases its Employment Situation Summary, or monthly jobs…
Continue ReadingUsually when the economy adds a lot of jobs in a given month the unemployment rate ticks down. That wasn’t the case in…
Continue ReadingBy Alicia Wallace, CNN Minneapolis (CNN) — The US labor market continues to live its Goldilocks story with healthy job growth but at a far…
Continue ReadingTourism is still strong throughout Southeast Idaho, and the amount of outdoor opportunities brought a huge spike in tourism numbers during the…
Continue ReadingUS inflation may have remained elevated in July, but consumers just wanted to have some…
Continue ReadingThe US economy grew more slowly in the second quarter than previously estimated — a good sign for the Federal Reserve, which is attempting to cool…
Continue ReadingUS pending home sales ticked up in July by 0.9%, rising for the second month in a row despite elevated prices and rising mortgage rates, according to…
Continue ReadingBy Anna Bahney, CNN Washington, DC (CNN) — US mortgage rates ticked down this week, ending a five-week stretch of increases, but remained above…
Continue ReadingBy Alicia Wallace, CNN Minneapolis (CNN) — The number of available jobs in the United States shrank for the third consecutive month, dropping…
Continue ReadingBy Bryan Mena, CNN Washington, DC (CNN) — Americans felt more pessimistic about the economy in August, following two straight months of growing…
Continue ReadingCalifornia-based Farmers Insurance said Monday it is laying off 11% of its workforce — or 2,400 employees — in a bid to restructure itself for…
Continue ReadingHome prices rose again in June, marking the fifth successive month of gains, and remaining near the all-time highs notched a year…
Continue ReadingAmericans are being asked more and more often whether they would like to tack a tip onto their check, sometimes facing a screen that reads “add a…
Continue ReadingShopdog used Bureau of Labor Statistics data to analyze how effective interest rate hikes were at tempering record…
Continue ReadingBy Alicia Wallace, CNN Minneapolis (CNN) — Americans’ attitudes toward the US economy appear to be growing more tepid. The University of…
Continue ReadingUS mortgage rates continued to surge this week, rising to their highest level since…
Continue ReadingNew home sales rose in July from the month before, beating estimates and reaching a 17-month high, as buyers continue to look to new construction as…
Continue ReadingBy Alicia Wallace, CNN Minneapolis (CNN) — US job growth during much of the past year was weaker than previously projected by a little more…
Continue ReadingWhen employers deliver a job offer, it had better come with some teeth: Americans’ wage expectations have hit record highs, according to a Federal…
Continue ReadingS&P Global Ratings downgraded five regional US banks by one notch and signaled a negative outlook for several others on…
Continue ReadingBy Anna Bahney Washington, DC (CNN) — US home buyers have a new challenge in addition to mortgage rates above 7%: Prices are rising again,…
Continue ReadingRetail experts have long sounded the alarm on malls in the…
Continue ReadingAn already miserably unaffordable housing market is getting more…
Continue ReadingMany investors are running a sizable profit this year – the S&P 500 is about 14% higher in…
Continue ReadingBy Anna Bahney, CNN Washington, DC (CNN) — US mortgage rates surged this week, rising to their highest level in 21 years. The 30-year…
Continue ReadingTarget and Home Depot are slumping. But more shoppers are heading to Walmart for groceries and…
Continue ReadingUS consumers, trapped in a web of conflicting signals on the health of the economy and how it impacts their ability to shop, might be forced to spend…
Continue ReadingUS home building increased in July, rising 3.9% from June, as low inventory in the existing home market continued to boost interest in new…
Continue ReadingUK inflation eased to a 17-month low in July, official data showed Wednesday, though it also revealed that prices of services, such as haircuts,…
Continue ReadingSpending at US retailers rose in July at a much faster pace than in the prior month, a combination of both strong demand among American consumers and…
Continue ReadingThe Justice Department announced on Monday that UBS has agreed to pay $1.4 billion in penalties for allegedly defrauding investors by selling…
Continue ReadingAfter three straight years of sales growth, Home Depot went into reverse in the first quarter, and sales and profit are expected to tumble again in…
Continue ReadingStacker looked at the state of employment in the home construction industry as well as reasons for the shortage using data from the Labor Department,…
Continue ReadingSmartAsset analyzed typical home values for 263 cities where the housing market is cooling, ranking them by the size of the…
Continue ReadingIf you’re sitting in rush-hour traffic in Arlington, Virginia, there’s a good chance you’ll spot Hunter Scott in his helmet and elbow pads…
Continue ReadingUS wholesale inflation rose more than expected in July, reversing a yearlong cooling trend, the Bureau of Labor Statistics reported…
Continue ReadingUS inflation has had a snowballing effect on family…
Continue ReadingThe UK economy grew slightly in the three months to June 30, driven by strong rises in manufacturing and consumer and government…
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