Mortgage rates hit 20-year high
By Anna Bahney, CNN After taking a breather last week, mortgage rates rose again — moving even closer to 7%. The 30-year fixed-rate mortgage…
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OPEC could tip the world economy into recession, warns IEA
By Hanna Ziady, CNN Business Western governments are furious after OPEC+ decided last week to slash oil production by the largest amount since the…
Continue Reading Surging prices show the Fed must continue its tough battle against inflation
By Alicia Wallace, CNN Business A key inflation report showed consumer prices came in hotter than expected in September, punishing Americans and…
Continue Reading Social Security recipients get 8.7% cost-of-living increase, the highest in more than 40 years
By Tami Luhby, CNN Social Security recipients will receive an annual cost-of-living adjustment of 8.7% next year, the largest increase since 1981,…
Continue Reading This key inflation measure shows prices rose faster than expected last month
By Chris Isidore, CNN Business A key measure of inflation increased faster than expected in September, raising concerns that the Federal…
Continue Reading Fearing economic slowdown, many cities rein in spending
By Tami Luhby, CNN Cities, towns and villages are expecting spending to decline by nearly 3% for fiscal 2022 compared with the year before, in…
Continue Reading Markets are worried the Fed is going too far
By Nicole Goodkind, CNN Business A closely watched measure of inflation in the United States is expected to tick higher in September even as the…
Continue Reading Don’t worry, there’s still hope for the stock market
By Paul R. La Monica, CNN Business The back-to-back, huge market rallies of last week may seem like a distant memory to investors after stocks slid…
Continue Reading Markets won’t go back to normal until the Fed stops hiking rates
By Nicole Goodkind, CNN Business Stocks lost ground again on Monday following a turbulent week that saw market volatility at its bumpiest level since…
Continue Reading ‘The worst is yet to come’: IMF issues stark recession warning
By Julia Horowitz, CNN Business The International Monetary Fund has once again downgraded its forecast for the global economy with a sharp warning:…
Continue Reading US economy will soon start losing 175,000 jobs a month, Bank of America warns
By Matt Egan, CNN The Federal Reserve’s fight to squash inflation will cause the US economy to start losing tens of thousands of jobs a month…
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Another great year for Idaho tourism
From the views of the Tetons to the Treasure Valley, the Gem State has a lot to…
Continue Reading White-collar workers are feeling the brunt of the Fed’s rate hikes. Here’s why
By Nicole Goodkind, CNN Business September’s hotly anticipated jobs data ended up cooling markets on Friday. Stocks fell sharply as investors…
Continue Reading Get ready for some earnings
By Paul R. La Monica, CNN Business There’s lots of anxiety swirling about a possible recession. Is Corporate America starting to get nervous,…
Continue Reading Markets are starting to act super strange
By Nicole Goodkind, CNN Business Investors are tightening their neck braces as US stocks soar upwards, plummet back down and then do it all over.…
Continue Reading What to expect from Friday’s jobs report
By Alicia Wallace, CNN Business When the Bureau of Labor Statistics releases its latest monthly jobs report on Friday, all eyes will be on whether…
Continue Reading Mortgage rates take a breather after rising for several weeks in a row
By Anna Bahney, CNN Business After rising for six weeks in a row, mortgage rates retreated last week. The 30-year fixed-rate mortgage averaged 6.66%…
Continue Reading Housing is slumping, but this real estate CEO explains why it’s not 2008 all over again
By Paul R. La Monica, CNN Business Mortgage rates are soaring. And for many prospective home buyers, especially first-time purchasers, the…
Continue Reading Stocks end Wednesday slightly lower following huge two-day surge
By Paul R. La Monica, CNN Business Maybe that October market rally has some legs after all? Stocks were mostly unchanged Wednesday, even as a fresh…
Continue Reading The bond market is starting to worry Wall Street
By Nicole Goodkind, CNN Business Persistently high inflation, the Federal Reserve’s tightening policy and record-breaking US debt have wreaked…
Continue Reading Dow rallies more than 1,500 points in two days as fear begins to fade
By Paul R. La Monica, CNN Business Is the worst really over on Wall Street? It’s too soon to say. But stocks rose sharply again Tuesday…
Continue Reading The number of US job openings fell by more than 1 million in August
By Alicia Wallace, CNN Business The tight US labor market started to show signs of loosening in August. The number of job openings dropped to just…
Continue Reading A UN agency wants the Fed to slow its interest rate hikes
By Nicole Goodkind, CNN Business The Federal Reserve’s aggressive tightening policy has led the US dollar to appreciate to multi-decade highs,…
Continue Reading Welcome to the fourth quarter. Expect more gloom but less doom
By Nicole Goodkind, CNN Business It’s been a hard year for markets, and investors are looking for a bit of reprieve as we enter the fourth…
Continue Reading Stocks kick off October with a huge rally
By Paul R. La Monica, CNN Business Stocks kicked off October with more treats than tricks for investors. The market rallied to begin the fourth…
Continue Reading Wages are the most important number to watch in the jobs report
By Paul R. La Monica, CNN Business Investors, economists and members of the Federal Reserve will be poring over the September jobs report on Friday…
Continue Reading 5 signs the world is headed for a recession
Around the world, markets are flashing warning signs that the global economy is teetering on a cliff’s…
Continue Reading Grocery store prices aren’t coming down anytime soon
By Danielle Wiener-Bronner and Nathaniel Meyersohn, CNN Business Some sobering news for US shoppers: There’s little relief in sight on grocery…
Continue Reading The UK economy still hasn’t recovered from the pandemic. Now it’s on the ropes again
By Mark Thompson, CNN Business There was good news and bad in Friday’s revised data about the UK economy. It grew — marginally — in the…
Continue Reading Stocks end Wednesday slightly lower following huge two-day surge
By Paul R. La Monica, CNN Business Maybe that October market rally has some legs after all? Stocks were mostly unchanged Wednesday, even as a fresh…
Continue Reading Think mortgage rates are high now? Homebuyers in the 1980s were paying 19%
By Anna Bahney, CNN Business Think mortgage rates are high now? Connie Strait remembers when she was starting her career in real estate in the early…
Continue Reading Mortgage rates surge, closing in on 7%
By Anna Bahney, CNN Business Mortgage rates surged for the sixth week in a row, moving closer to 7%. The 30-year fixed-rate mortgage averaged 6.70%…
Continue Reading Dow plunges and is back in a bear market
By Paul R. La Monica, CNN Business The third quarter is about to end — and investors are wishing the past nine months good riddance. Stocks…
Continue Reading Global markets drop after rocky day on Wall Street
By Michelle Toh and Anna Cooban, CNN Business Asian and European stocks fell Wednesday after another turbulent day for US markets, as investors…
Continue Reading Stocks finish mixed, but Dow and S&P hit lowest levels since November 2020
By Nicole Goodkind, CNN Business So much for turnaround Tuesday on Wall Street. Stocks finished a volatile day mixed after rallying at the open. The…
Continue Reading Mortgage rates surge, closing in on 7%
By Anna Bahney, CNN Business Mortgage rates surged for the sixth week in a row, moving closer to 7%. The 30-year fixed-rate mortgage averaged 6.70%…
Continue Reading The Fed’s fight against inflation could cost the US 1.2 million jobs
By Alicia Wallace, CNN Business In its efforts to bring down historic inflation and cool the economy, the Federal Reserve has used multiple…
Continue Reading Dow plunges to its lowest level since 2020 to end another dismal week
By David Goldman, CNN Business US stocks fell sharply in Friday trading as investors continued to worry about even more rate hikes from the Federal…
Continue Reading Mortgage rates rise to nearly 6.3%, the highest level since 2008
By Anna Bahney, CNN Business Mortgage rates jumped higher for the fifth week in a row, further pushing past 6% in the face of yet another aggressive…
Continue Reading What rising interest rates mean for you
By Jeanne Sahadi, CNN Business In its continued bid to quash high inflation, the Federal Reserve on Wednesday raised the overnight bank lending rate…
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Fed escalates its inflation fight with another big rate hike
Intensifying its fight against chronically high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters…
Continue Reading Home sales dropped 20% in August from a year ago
By Anna Bahney, CNN Business Home sales declined for the seventh month in a row in August as higher mortgage rates and stubbornly high prices pushed…
Continue Reading Wonder where the economy is heading? Keep an eye on earnings
By Paul R. La Monica, CNN Business Corporate America is starting to brace for a recession. Economic bellwether FedEx stunned Wall Street last week…
Continue Reading Inflation is stubbornly high. Here’s what this bank exec suggests you do
By Michelle Toh, CNN Business People around the world are searching for ways to shield themselves from the impact of stubbornly high inflation, and…
Continue Reading Americans are feeling better about the economy, but inflation worries still loom
By Alicia Wallace, CNN Business Americans continue to feel slightly better about the economy as gas prices retreat from their early summer highs.…
Continue Reading US consumer spending rose in August as gas prices fell
By Martha C. White, CNN Business Another month of falling gas prices gave Americans’ wallets a bit of a reprieve in August. That sent consumers…
Continue Reading Some good inflation news: Wholesale prices fell in August
By Alicia Wallace, CNN Business Just one day after August’s disappointing Consumer Price Index report triggered a meltdown on Wall Street, a…
Continue Reading Markets steady after worst day for US stocks since June 2020
By Michelle Toh and Julia Horowitz, CNN Business Markets steadied early Wednesday after US stocks logged their worst day since June 2020, plunging on…
Continue Reading The Fed could crash the housing market
By Nicole Goodkind, CNN Business Investors are getting spooked that the Federal Reserve’s aggressive interest rate hikes could damage the US…
Continue Reading Small businesses are feeling slightly better about inflation
Martha C. White for CNN Business Small business sentiment improved in August but remains depressed as business owners face an uncertain economic…
Continue Reading American inflation rose more than expected in August
By Alicia Wallace, CNN Business US inflation ticked back up in August, despite plunging gas prices, according to data from the Bureau of Labor…
Continue Reading The worst of inflation finally might be over
By Paul R. La Monica, CNN Business Is inflation really peaking? Are consumers growing more confident? We’ll get those answers this week when…
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Layoffs in these industries may be down to record lows
Stacker asked an economist why layoffs are at record lows, according to data from the Bureau of Labor Statistics’ Job Openings and Labor Turnover…
Continue Reading Consumers spent big on having fun in 2021
By Alicia Wallace, CNN Business After spending 2020 cooped up as a fast-spreading, deadly virus limited most aspects of everyday life, American…
Continue Reading Oil’s still well for energy stocks
By Paul R. La Monica, CNN Business Move over, Big Tech: Oil just might be the new FAANG. Energy stocks fell last week as oil prices tumbled. But…
Continue Reading The US economy had more job openings than expected in July
By Alicia Wallace, CNN Business US employers aren’t ditching their “help wanted” signs just yet, according to new data released…
Continue Reading Layoffs. Losses. Plunging share prices. These pandemic winners are now struggling
By Chris Isidore, CNN Business Few companies flourished more amid the pandemic’s economic upheaval than Peloton. With people unable (or…
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With talk of a 2023 recession looming, what economic indicators have historically preceded every US downturn?
Is a recession ahead for the United States? Stacker examines government and historical data to shed light on where the American economy might be…
Continue Reading New home sales fall 12.6% in July as rising prices take a toll
By Anna Bahney, CNN Business New home sales plunged in July as high prices and mortgage rates pushed buyers to think twice about closing the deal.…
Continue Reading Inflation is crushing wedding budgets and guests are getting cut
Martha C. White for CNN Business The pandemic lockdowns might be in the rearview mirror, but rising inflation has ushered in the return of…
Continue Reading Markets are fighting the Fed
By Julia Horowitz, CNN Business Stocks have experienced a sharp summer rebound, easing fear among investors and boosting hopes the bear market has…
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Idaho’s July unemployment rate shows slight increase to 2.6%
Idaho’s seasonally adjusted unemployment rate was 2.6% in July, up 0.1 percentage points from…
Continue Reading America’s small businesses are running out of workers
Martha C. White for CNN Business The pandemic forced Freed Bodyworks, a wellness center offering massage therapy, yoga, acupuncture, mental health…
Continue Reading US consumers continue to spend, but rising inflation has shifted their priorities
Martha C. White for CNN Business With lower gas prices effectively putting more money back in their pockets, Americans continued to spend last month.…
Continue Reading When will price increases end? Probably never
By Nicole Goodkind, CNN Business A dollar just isn’t worth what it used to be. At the grocery store, you’re getting about 11 cents less…
Continue Reading Walmart results relieve some recession fears
By Chris Isidore, CNN Business Walmart had good news Tuesday for investors and economists worried about a looming recession, as the retail giant gave…
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Gas prices are falling, but is it enough?
Gas prices are starting to decline nationwide, and in Idaho, the state average is coming down to $4.67 per gallon which is a drop of nearly 50 cents…
Continue Reading This key inflation measure fell, but remains painfully high
Martha C. White for CNN Business A benchmark measure of inflation slowed in July after surging in the previous month, offering a glimmer of hope that…
Continue Reading Kohl’s has an inventory mess on its hands
By Parija Kavilanz, CNN Business Kohl’s can’t seem to catch a break, and it may have only itself to blame. The department store chain on…
Continue Reading Is inflation taking a summer vacation?
It’s August, and that means pretty much all of Wall Street is on vacation right…
Continue Reading Good inflation news: Online shopping prices are suddenly falling fast
By Matt Egan, CNN Business The world of online shopping was long immune to inflation until Covid-19 turned everything upside down. E-commerce prices…
Continue Reading Americans are piling up credit card debt as they struggle to keep up with the high cost of living
By Matt Egan, CNN Business Americans are piling up credit card debt as they struggle to keep up with the high cost of living. US household debt…
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The average Idaho worker can’t afford the rising cost of rent
The rising cost of rent is putting additional strain on Idaho’s workers.
According to the National Low Income Housing Coalition’s 2022 Out of Reach…
It’s not just food and fuel: Inflation is impacting the cost of almost everything
By Alicia Wallace, CNN Business Inflation has crept into practically every corner of Americans’ lives. In Queens, New York, auto repair shop…
Continue Reading Workers’ wages continue to climb, but not as fast as inflation
By Tami Luhby, CNN Employers continued hiking workers’ pay at a brisker-than-expected pace, but the increases still weren’t enough to…
Continue Reading So are we in a recession, or not?
By Nicole Goodkind and Tal Yellin, CNN If you’re confused about whether the US economy is in a recession, you’re not alone. On one hand,…
Continue Reading Why stocks are so weird right now
By Julia Horowitz, CNN Business Before the Federal Reserve announced another supersized interest rate hike on Wednesday, investors told Before the…
Continue Reading Mortgage rates fall as fears about the US economy loom
By Anna Bahney, CNN Business Mortgage rates dropped last week as fears grow that the US economy is entering a recession. The 30-year fixed-rate…
Continue Reading US economy contracts again, fueling recession fears
By Martha White and Alicia Wallace, CNN Business The US economy shrank again in the second quarter, the Bureau of Economic Analysis said Thursday.…
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Interest rates rise again, but “it’s still not bad”
The federal reserve announced on Wednesday that interest rates are increasing three-quarters of a percentage…
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Idaho’s June unemployment rate remains at 2.5%
Idaho’s seasonally adjusted unemployment rate was 2.5% in June, unchanged from May and remaining at a historic…
Continue Reading You’re not the only one who’s confused about the economy. The experts are baffled, too
Martha C. White The recovery wasn’t supposed to go like this. Wall Street and Main Street alike are suffering from whiplash when it comes to…
Continue Reading Recession warning: Some Americans are having trouble paying bills
By Paul R. La Monica, CNN Business Is America’s economy already in a recession? That’s a debate among central bankers, investors and…
Continue Reading Home prices hit an all-time high, even as sales continue to slow
By Anna Bahney, CNN Business Home prices hit a new all-time high in June, even as home sales declined for the fifth straight month as a lack of…
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Lumber prices continue to rise after a brief down turn
Lumber prices are continuing to rise after a brief downturn during the month of June.…
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10 highest-paying industries for management executives
Santa Clara University compiled a list of the high-paying industries for management executives. …
Continue Reading Mega Millions jackpot tops half a billion dollars after Friday night’s drawing
By Alisha Ebrahimji and Jamiel Lynch, CNN The Mega Millions jackpot has swelled to more than half a billion dollars after nobody drew the winning six…
Continue Reading This one thing is pushing up the price of almost everything you buy
Martha C. White Although prices at the pump serve as one of the most prominent symbols of rampant inflation, economists are more worried about the…
Continue Reading Americans are feeling slightly better about the economy, but inflation still bites
By Alicia Wallace, CNN Business Americans are feeling slightly better about the economy, but painfully high inflation is still keeping consumer…
Continue Reading This key inflation measure shows prices are still rising
By Alicia Wallace, CNN Business A leading inflation indicator surged in June, showing that prices continue to remain stubbornly high. The Producer…
Continue Reading Jamie Dimon battens down the hatches for a recession
By Nicole Goodkind, CNN Business JPMorgan Chase kicked off the second quarter earnings season with bad news: The bank temporarily suspended share…
Continue Reading US inflation hit 40-year high in June, driven by record gas prices
By Lucy Bayly and Alicia Wallace, CNN Business Inflation surged to a new pandemic-era peak in June, with US consumer prices jumping by 9.1%…
Continue Reading Consumers’ inflation expectations hit record high
By Lucy Bayly, CNN Business Consumer expectations for prices to continue rising over the next year increased to the highest level on record,…
Continue Reading US ports saw record imports this spring, as port workers’ contract expires
by Vanessa Yurkevich, CNN Another record breaking number of imports passed through the US’s major container ports this spring — showing…
Continue Reading Why inflation isn’t always bad for the stock market
By Nicole Goodkind, CNN Business If you follow markets news, you’ve probably seen a few hundred headlines this year akin to: “Stocks…
Continue Reading US will plunge into recession — but it didn’t have to, former IMF chief economist says
It’s “almost impossible” for the Fed to tamp down inflation without tipping the US economy into a recession, says Former IMF Chief Economist Ken…
Continue Reading Cotton’s plunge: Recession warning or just another market mess?
By Nicole Goodkind, CNN Business Cotton: it’s the touch, the feel, the fabric of our lives. It’s also in the middle of what economists…
Continue Reading The US economy has a momentum problem
By Nicole Goodkind, CNN Business If you’re reading this it means you’ve made it through the worst first half of a year for US stocks in…
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Fastest growing e-commerce sectors for 2025
During the COVID-19 pandemic, online shopping surged in popularity—will the trend change American buying habits? Wicked Reports analyzed…
Continue Reading Is the worst over for markets? No one can say
By Julia Horowitz, CNN Business Few investors will have experienced a tougher beginning to a year than the six-month stretch that just finished.…
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