Fed has won battle against American spending, BofA CEO says
The Federal Reserve's rate hikes have managed to slow down inflation, Bank of America CEO Brian Moynihan said on Tuesday.
Holiday shoppers budget their way around higher prices
Higher prices are not keeping holiday shoppers away—customers are learning to be smarter about what they buy.
House prices forecast to rise by this much over the next three years
The Mortgage Bankers Association expects prices to move higher through 2026.
Americans spend at restaurants, bars even as prices rise
Retail sales jumped up in September above what economists expected, illustrating the strength of the American consumer.
House prices are falling. Here's where
Austin is among the U.S. cities that saw the biggest drop in home prices between August and September.
Three reasons why Rite Aid failed
Rite Aid had been struggling with mounting debt and the cost of hundreds of lawsuits filed against the company for its alleged role in the U.S. opioid crisis.
Florida's insurance crisis is about to get even worse
A recent study found that Floridians cannot expect insurance premiums to go down any time soon.
Americans sour on uncertain economy heading into next year
Americans are getting more pessimistic about the economy as they feel the weight of high inflation.
Soaring mortgage rates make homeownership a pipe dream for many Americans
Mortgage rates are inching closer to 8 percent, potentially making the dream of owning a home out of reach for many Americans.
Electricity prices poised to fall this winter
Bills are forecast to fall in the winter months despite a slight increase in electricity costs in September.
Housing, gas prices jumped in September
Inflation remains above the Federal Reserve's 2 percent target suggesting interest rates could remain high for a while.
Social Security update: How much 2024 payments are expected to increase
The cost of living adjustment rose by 3.2 percent for 2024, the Social Security Administration announced on Thursday.
How 2024 Social Security COLA compares to previous years
Some 70 million retirees receiving Social Security checks have just found out their benefits will be 3.2 higher next year. The 2023 adjustment was 8.7 percent.
How mortgage rates got to highest level in 23 years
Mortgage rates continue to climb up, offering little respite to aspiring homebuyers struggling with affordability.
The 10 states where childcare is cheapest
Iowa is the cheapest state for childcare while Nevada is the most expensive.
How much you need to earn to be rich in every state
A recent analysis shows how much you have to earn in every state to be considered part of America's top 1 percent.
Economist Yun says Fed's high rates are breaking the economy
The Fed's hiking of rates has put pressure on key sectors of the economy, such as the commercial real estate market.
House prices are falling fastest in these four cities
Some of the most-overheated markets during the pandemic have seen the biggest house-price drops over the past year.
How much your Social Security in 2024 could rise by
The Social Security Administration is expected to make the announcement regarding benefit increases next week.
Will house prices go down? Fed official gives prediction
Tom Barkin, CEO of the Federal Reserve of Richmond, thinks demand is likely to remain high, keeping prices from falling.
Millennials to retire with more cash than boomers
Research shows that some government policies have helped millennials save better for retirement.
Social Security to probe overpayments as demands for money back sparks fury
The SSA acting commissioner said she's putting together a team to review the way the federal agency handles overpayments.
Small businesses spark surprising hiring trend
Small businesses added the most jobs in September and are bullish about their growth despite perception of a slowing economy in the United States.
Booming college towns may face income disparity
Income inequality has reached a record high since 1928, but booming college towns tend to boast the highest income inequality rates in the country.
Women could be key to making America more affordable
The rise in women working could help the U.S. economy grow and protect it against a possible recession in the next five years.
U.S. may avoid a student loan economic crisis
As student loan repayments resume in October, how big is the size of the population and what will their extra spending mean for the U.S. economy?
House prices on the rise everywhere. Here is where they are falling
As summer ends and fall begins, could the housing market see a softening?
Housing market is least affordable this century
The housing market continues to struggle under the weight of record high borrowing costs.
Can Costco's gold bars make you money? What the math shows
Gold bars from the retail giant Costco have been selling. What's behind the demand?
Stimulus check update as some Americans to receive $5,000
Other states including Alaska, Minnesota, Montana and Washington, have also announced similar direct payments to residents this month.