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Economy

What you need to know about America’s economy.

Home affordability is the worst it has been in nearly 40 years, study shows

Home affordability is the worst it has been in nearly 40 years, study shows

U.S. home prices recently faced their sharpest rise since November.

August 29, 2023 4:54pm CDT
Popular summer vacation destinations across US see uptick in vacancies

Popular summer vacation destinations across US see uptick in vacancies

Vacation hotspots across the country saw vacancy rates as high as 20% this summer

August 28, 2023 7:17pm CDT
Home prices will rise in 2023 as affordability crisis worsens, Goldman says

Home prices will rise in 2023 as affordability crisis worsens, Goldman says

Goldman Sachs projects home prices to climb by 1.8% this year amid housing shortage

August 28, 2023 7:14pm CDT
Federal Reserve signals potential interest rate hikes to sustain strong US economy

Federal Reserve signals potential interest rate hikes to sustain strong US economy

The continued strength of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said.

August 26, 2023 9:09am CDT
Survey: Gen Z, millennial couples say it's too expensive to get married

Survey: Gen Z, millennial couples say it's too expensive to get married

More Gen Z and millennials are saying “I do…not."

August 22, 2023 4:59pm CDT
Here's how much workers are demanding to start a new job

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.

August 22, 2023 8:29am CDT
Americans burning through excess savings from the pandemic, SF Fed study says

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.

August 19, 2023 2:17pm CDT
Homebuilder sentiment plummets as mortgage rates surge again

Homebuilder sentiment plummets as mortgage rates surge again

Builder confidence unexpectedly dropped for first time this year.

August 16, 2023 12:31pm CDT
Biden heads to Wisconsin to talk about economy a week before GOP presidential debate

Biden heads to Wisconsin to talk about economy a week before GOP presidential debate

Joe Biden's trip to Wisconsin Tuesday is also on the eve of the first anniversary of the Inflation Reduction Act, a major economic bill the president signed into law.

August 15, 2023 1:30pm CDT
Inflation forcing Americans to spend $709 more per month than 2 years ago: economist

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.

August 14, 2023 10:30am CDT
Layoffs begin in the film industry as Hollywood strikes continue

Layoffs begin in the film industry as Hollywood strikes continue

Some businesses haven't had a customer in months, while other companies are concerned about bankruptcy if the strikes continue.

August 10, 2023 11:08am CDT
'We have a plan': Biden claims policies are reviving US manufacturing

'We have a plan': Biden claims policies are reviving US manufacturing

The president will make the case in a speech in New Mexico Wednesday that his financial and tax incentive policies have revived U.S. manufacturing.

August 9, 2023 5:15pm CDT
US inflation has cooled, but getting it down to the Fed's target rate will be the toughest mile

US inflation has cooled, but getting it down to the Fed's target rate will be the toughest mile

Squeezing out the last bit of excess inflation and reducing it to the Federal Reserve's 2% target rate is expected to be a much harder and slower grind.

August 8, 2023 12:52pm CDT
Is not having a 401(k) as a benefit becoming a deal breaker for new hires?

Is not having a 401(k) as a benefit becoming a deal breaker for new hires?

A 401(k) is usually workers’ first experience with investing, expert says

August 7, 2023 7:05pm CDT
The US government's debt has been downgraded. Here's what you need to know

The US government's debt has been downgraded. Here's what you need to know

The downgrade may have little impact on financial markets long-term or on the interest rates the U.S. government will pay.

August 3, 2023 8:32am CDT
CVS to lay off 5,000 employees as it seeks to cut costs

CVS to lay off 5,000 employees as it seeks to cut costs

The Rhode Island-based pharmacy giant said in a statement that it is eliminating "a number of non-customer facing positions" throughout the company

August 1, 2023 11:46am CDT
Why 'loud quitting' is not recommended by job experts (hint: grace and dignity are far better)

Why 'loud quitting' is not recommended by job experts (hint: grace and dignity are far better)

Human resources experts strongly caution against 'loud quitting' — here's why

July 25, 2023 4:40pm CDT
Wholesale used car prices dip to pre-pandemic levels, report finds

Wholesale used car prices dip to pre-pandemic levels, report finds

The decline in vehicle prices shows a change in the used car market, which has been affected in part by supply chain issues and increased consumer demand.

July 13, 2023 2:27pm CDT
US inflation believed to have slowed in June in sign of easing price pressures

US inflation believed to have slowed in June in sign of easing price pressures

Some economists believe if inflation keeps slowing and the economy shows signs of improvement, a July interest rate hike could be the Federal Reserve's last.

July 12, 2023 6:34am CDT
Fed may tighten financial rules after US bank failures, Powell says

Fed may tighten financial rules after US bank failures, Powell says

The collapse of Silicon Valley Bank, Signature Bank and First Republic Bank exposed different vulnerabilities that the Fed will likely address through new regulations.

June 29, 2023 2:50pm CDT
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Meet Aloka, the peace dog winning hearts nationwide during Walk for Peace

Meet Aloka, the peace dog winning hearts nationwide during Walk for Peace

Police: Boy sent 'joke' threat to youth soccer league group chat

Police: Boy sent 'joke' threat to youth soccer league group chat

Lawyers demand evidence of alleged DC pipe bomber's confession

Lawyers demand evidence of alleged DC pipe bomber's confession

EJ Smith, son of Cowboys legend Emmitt Smith, declares for 2026 NFL Draft

EJ Smith, son of Cowboys legend Emmitt Smith, declares for 2026 NFL Draft

Survey: Nearly 3% of Americans believe they could beat a grizzly bear unarmed

Survey: Nearly 3% of Americans believe they could beat a grizzly bear unarmed

Trending

Multiple Lake Austin properties disannexing from City of Austin

Multiple Lake Austin properties disannexing from City of Austin

3 European men arrested in Texas for nearly $14M in gift card fraud

3 European men arrested in Texas for nearly $14M in gift card fraud

Attempted kidnapping suspect held by residents until deputies could arrive

Attempted kidnapping suspect held by residents until deputies could arrive

Austin Police identify suspected drunk driver involved in fatal crash

Austin Police identify suspected drunk driver involved in fatal crash

Austin Police search for woman accused of stealing luxury watches

Austin Police search for woman accused of stealing luxury watches

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