Study ranks US states with most financially-distressed residents

WalletHub's recent study reveals the U.S. states with the most financially-distressed residents, highlighting surprising trends and economic struggles. Michigan tops the list, followed closely by Texas and Nevada.

Federal Reserve sees progress with inflation, hinting that a rate cut is near

The Federal Reserve said progress was made to lower inflation, suggesting that the central bank is moving closer to cutting its key interest rate for the first time in four years.

US national debt tops $35 trillion, hitting new record

The U.S. gross national debt hit $35,001,278,179,208.67 on Monday, according to the Treasury Department.

US economic growth increased last quarter to a healthy 2.8% annual rate

The nation’s economy accelerated last quarter at a strong 2.8% annual pace, with consumers and businesses helping drive growth despite the pressure of continually high interest rates.

Apartment prices in Austin have come down, experts say

Apartment prices in the Austin area have come down significantly in the last year, and there are plenty of bargains to be had. Experts say it’s a renter’s market, meaning if your landlord is trying to raise your rent, you can likely negotiate it down.

Social Security just announced a change for millions of beneficiaries

Millions of Social Security recipients must switch to a new Login.gov portal to continue accessing their online account information, as announced by the Social Security Administration.

Evictions are rising fastest in these 5 American cities

Eviction filings are on the rise in several major cities as Americans grapple with the ongoing cost-of-living crisis and expensive rent costs.

US corporate bankruptcy filings surge – here are the business types that led

The number of U.S. corporate bankruptcy filings so far in 2024 is “higher than any comparable figure in the prior 13 years," according to data from S&P Global Market Intelligence.

Inflation unexpectedly fell to 3% in June

The consumer price index (CPI), a broad measure of how much everyday goods like gasoline, groceries and rent cost, dropped 0.1% in June from the previous month. It marked the first monthly decline since May 2020.

US home prices hit another all-time high

The median U.S. home sale price soared to $397,954 in June, which was a nearly 5% increase from the year prior, Redfin data shows.

Arizona Iced Tea co-founder vows to 'fight hard' to keep price under $1

"We’re successful. We’re debt-free. We own everything," he said. "Why have people who are having a hard time paying their rent … pay more for our drink?"

U.S. unemployment rate rises to 4.1% with 206,000 jobs added in June

U.S. employers added 206,000 jobs in June, exceeding expectations, with the unemployment rate rising to 4.1%, while April and May job data was revised down, average hourly earnings increased by 3.9%, and hiring was strong in government, social assistance, and health care, influencing potential Federal Reserve rate cuts.

Major retailers closing doors amid inflation, lower consumer demand

Major retail chains are being forced to close thousands of brick-and-mortar stores across the U.S., with a number of reasons cited for the shutdowns.

Border security, inflation big issues for Texans: Sen. John Cornyn

Border security and inflation are two of the biggest issues impacting Texans right now, according to U.S. Senator John Cornyn.