Can the Federal Reserve keep raising interest rates?
After a year of rising interest rates, the Federal Reserve is expected to change course at its next meeting.
MacKenzie Scott gave 24 nonprofits $146 million in the first half of 2023
The gifts total $146 million and range from $1 million to $15 million.
Today’s lowest mortgage rate? 10-year terms at 6.625 percent | August 22, 2023
Check out the mortgage purchase rates for August 22, 2023, which are mostly unchanged from yesterday.
Survey: Gen Z, millennial couples say it's too expensive to get married
More Gen Z and millennials are saying “I do…not."
Here's how much workers are demanding to start a new job
The lowest wage that American workers are willing to take in order to accept a new job has hit a record high this year, survey results show.
Philly school district will pay parents to drive their kids to school to combat bus driver shortage
Parents and guardians of students in the Philadelphia school district can be paid to drive their kids to school amid a bus driver shortage impacting the city.
Gen Xers face alarming retirement shortfall, study says
The typical Gen X household has saved less than what is needed to finance a secure retirement, according to a study from the National Institute on Retirement Savings.
Options for new cars under $20,000 limited to a single choice
Just five years ago, a price-conscious auto shopper in the United States could choose from among a dozen new small cars selling for under $20,000. Now, there’s just one.
Looming UAW strike could cost US economy more than $5B in just 10 days
If the United Auto Workers decides to strike against the "Big Three" Detroit automakers when the current contract expires next month, it could cost the U.S. economy more than $5 billion.
Americans burning through excess savings from the pandemic, SF Fed study says
Americans are burning through the excess savings they accumulated during the COVID-19 pandemic thanks to a big burst of stimulus money from the federal government and limited spending.
Gas prices fire up as summer draws to a close: AAA
The national average price for a gallon of gas increased this week despite a decrease in oil prices, AAA reported. But severe weather could have a major impact on gas prices in the weeks to come.
Today’s lowest mortgage rates? 15-year terms at 6.25 percent | August 18, 2023
Check out the mortgage purchase rates for August 18, 2023, which are unchanged from yesterday.
Biden forges ahead with new student loan forgiveness repayment plan after clearing legal hurdle
President Joe Biden can move ahead with a new income-driven repayment plan that will forgive as much as $39 billion of student loans after a judge dismissed a legal challenge to the plan earlier this week.
Walmart's hot sellers amid inflation? Hand mixers, kitchen tools as people prepare meals at home
Walmart is reporting strong second-quarter sales results as the retailer’s low-price model continues to attract budget-conscious consumers in a tough economic environment.
Real estate brokerage giant predicts 'tough' market for remainder of 2023
Redfin CEO Glenn Kelman said the real estate market is at a 'standstill.'
Today’s lowest mortgage rates? Shorter terms hold the biggest savings | August 16, 2023
Check out the mortgage rates for August 16, 2023, which are largely unchanged from yesterday.
Homebuilder sentiment plummets as mortgage rates surge again
Builder confidence unexpectedly dropped for first time this year.
Over 800,000 borrowers receiving billions of dollars in student loan debt forgiveness
The Biden administration announced in July that it would provide $39 billion in loan forgiveness for borrowers.
Inflation forcing Americans to spend $709 more per month than 2 years ago: economist
Inflation has created financial pressures for most U.S. households and forced them to pay more for daily necessities like food and rent.
The four US cities facing the biggest housing shortages
Prospective homebuyers across the U.S. are facing a chronic shortage of available houses, but the scarcity is worse in some parts of the country, according to new Bank of America research.