Back-to-school shopping expenses to reach record high: survey

Back-to-school spending in 2023 could reach a record high of more than $40 billion, largely due to demand in electronics, a survey reported. At the same time, Americans continue dealing with high inflation.

Mortgage rates take a dip ahead of Labor Day weekend: Freddie Mac

Mortgage rates declined this week, but remain elevated, Freddie Mac reported. But the direction of mortgage rates remains uncertain ahead of the Fed’s next meeting, where the central bank could raise interest rates again.

Americans consider using credit cards to afford student loan payments: survey

Many Americans who used the pause on student loan payments to reduce debt may now have to reverse course, according to a recent Empower survey.

These states will get a bigger slice of Biden's $39 billion student loan forgiveness pie

Borrowers in states with the highest borrowing rates are set to get the biggest share of Biden's student loan forgiveness under the new income-driven repayment plans.

Rite Aid prepares to file for bankruptcy: report

Rite Aid is facing numerous lawsuits regarding its alleged role in the opioid crisis

Home price growth reaches highest level since last year: Redfin

Home prices increased 2.6% from last year, Redfin reported. And a lack of housing inventory could be placing barriers to homeownership and driving up prices. Still, the Fed's doubts over a possible recession may fuel a housing rebound.

Credit card users with the highest balances live in these states: survey

Subprime accounts made up a growing number of new accounts opened in the third quarter of 2022, according to a recent Scholaroo survey.

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.