Biggest Social Security cost-of-living increase in decades expected this week
Roughly 70 million Americans are likely to see a notable boost in their monthly checks. Here’s what to know ahead of the expected COLA increase announcement this week.
Roughly 70 million Americans are likely to see a notable boost in their monthly checks. Here’s what to know ahead of the expected COLA increase announcement this week.
Another month of solid US hiring suggests more big Fed hikes
America’s employers slowed their hiring in September but still added 263,000 jobs, a solid figure that will likely keep the Federal Reserve on pace to keep raising interest rates aggressively to fight persistently high inflation.
America’s employers slowed their hiring in September but still added 263,000 jobs, a solid figure that will likely keep the Federal Reserve on pace to keep raising interest rates aggressively to fight persistently high inflation.
Americans changing holiday travel plans due to inflation, survey finds
Over the holidays, many Americans are opting for fewer days of travel, cheaper accommodations, and shorter distances due to rising costs, a recent survey found.
Over the holidays, many Americans are opting for fewer days of travel, cheaper accommodations, and shorter distances due to rising costs, a recent survey found.
Mortgage activity hits 25-year low as rates rise
The Federal Reserve's strategy of raising interest rates in an attempt to fight sky-high inflation is sending mortgage rates higher, impacting home buyers.
The Federal Reserve's strategy of raising interest rates in an attempt to fight sky-high inflation is sending mortgage rates higher, impacting home buyers.
‘Unnecessary’ work meetings waste productivity and money, survey finds
But will bosses listen and cut back on meetings?
But will bosses listen and cut back on meetings?
More couples are asking wedding guests to help buy a home, experts say
The wedding experts at Zola.com (http://zola.com/) said they’ve seen the number of couples asking for housing-related funds double since 2019.
The wedding experts at Zola.com (http://zola.com/) said they’ve seen the number of couples asking for housing-related funds double since 2019.
Senate OKs stopgap to avert government shutdown, send aid to Ukraine
Congress is moving quickly to avoid a government shutdown. The Senate on Thursday passed a short-term spending bill that would finance federal agencies into mid-December.
Congress is moving quickly to avoid a government shutdown. The Senate on Thursday passed a short-term spending bill that would finance federal agencies into mid-December.
Fewer people request US unemployment benefits amid solid hiring, high inflation
Applications for unemployment benefits last week saw their lowest number of claims since April. If the number continues to drop, the Federal Reserve could raise interest rates higher than it plans to slow the economy.
Applications for unemployment benefits last week saw their lowest number of claims since April. If the number continues to drop, the Federal Reserve could raise interest rates higher than it plans to slow the economy.
Costco CFO says hot dog combo price might remain $1.50 forever
Costco CFO Richard Galanti said the company's gas and travel sectors allowed the company to make up for loss at the food court.
Costco CFO Richard Galanti said the company's gas and travel sectors allowed the company to make up for loss at the food court.
Dick's Sporting Goods announces plans to hire up to 9,000 for holidays
A slew of companies have already announced their seasonal hiring plans.
A slew of companies have already announced their seasonal hiring plans.
Butter shortage drives up prices ahead of holiday baking season
The average price of butter in August jumped 24.6% compared to a year ago, U.S. labor statistics show. Here’s what is driving the increase.
The average price of butter in August jumped 24.6% compared to a year ago, U.S. labor statistics show. Here’s what is driving the increase.
US housing recession could send home prices tumbling 20%, economist says
Home prices have already declined 5% from their May peak.
Home prices have already declined 5% from their May peak.
Federal interest rate hikes are here: How will it impact your finances?
Mortgage rates have jumped, home sales have slumped and credit cards and auto loans have gotten pricier. Savings rates are slightly juicier, though.
Mortgage rates have jumped, home sales have slumped and credit cards and auto loans have gotten pricier. Savings rates are slightly juicier, though.
Fed hikes rate by three-quarters of a point in continued fight against inflation
The Fed’s move boosted its benchmark short-term rate, which affects many consumer and business loans, to a range of 3% to 3.25%, the highest level since early 2008.
The Fed’s move boosted its benchmark short-term rate, which affects many consumer and business loans, to a range of 3% to 3.25%, the highest level since early 2008.
Existing home sales drop to lowest level since 2020
Sales of previously owned houses fell in August for the seventh consecutive month as rising interest rates pushed potential homebuyers out of the market.
Sales of previously owned houses fell in August for the seventh consecutive month as rising interest rates pushed potential homebuyers out of the market.
Gallup: More than half of U.S. workers are ‘quiet quitting’
A poll shows that the workplace has gotten worse for younger employees, particularly those under 35 years old.
A poll shows that the workplace has gotten worse for younger employees, particularly those under 35 years old.
Here's how much more you'll pay to heat your home this winter
The average cost of heating a household this winter is set to increase by 17.2%, according to a forecast by the National Energy Assistance Directors Association.
The average cost of heating a household this winter is set to increase by 17.2%, according to a forecast by the National Energy Assistance Directors Association.
Tentative railway labor deal reached, averting strike, Biden says
The tentative railway labor agreement averted a nationwide strike that could have been devastating to the economy.
The tentative railway labor agreement averted a nationwide strike that could have been devastating to the economy.
Union members reject deal 2 days before deadline to avoid massive rail strike
A potential strike could impact shipments of everything from clothes to cars, hurting businesses nationwide as they deal with ongoing supply chain problems. The deadline to avoid a strike is Friday.
A potential strike could impact shipments of everything from clothes to cars, hurting businesses nationwide as they deal with ongoing supply chain problems. The deadline to avoid a strike is Friday.
Dow falls 1,250 as inflation maintains grip on US economy
Many of the data points within the inflation report were worse than economists expected, including some the Fed pays particular attention to, such as inflation outside of food and energy pri
Many of the data points within the inflation report were worse than economists expected, including some the Fed pays particular attention to, such as inflation outside of food and energy pri