Inflation may be coming down but that doesn't mean prices will, expert explains
Allianz chief economic adviser Mohamed El-Erian warned that even though inflation has cooled significantly, prices consumers face are unlikely to decrease.
Allianz chief economic adviser Mohamed El-Erian warned that even though inflation has cooled significantly, prices consumers face are unlikely to decrease.
Inflation gauge falls to lowest level in 3 1/2 years
Inflation has improved over the past two years after supply chains recovered from disruptions from the pandemic and the Federal Reserve raised its key interest rate.
Inflation has improved over the past two years after supply chains recovered from disruptions from the pandemic and the Federal Reserve raised its key interest rate.
Nearly half of recent buyers have mortgage rates below 5%, Zillow says – here's how
Although average rates are much higher, 45% of buyers who have purchased a home in the past year report having a rate below 5%, according to a new Zillow survey.
Although average rates are much higher, 45% of buyers who have purchased a home in the past year report having a rate below 5%, according to a new Zillow survey.
Best (and worst) states for jobs in 2024, according to WalletHub
When it comes to finding a job, New Hampshire ranks No. 1 in the country, according to a new report from WalletHub. Here's how your state ranks.
When it comes to finding a job, New Hampshire ranks No. 1 in the country, according to a new report from WalletHub. Here's how your state ranks.
Newsom proposes increased tax credits for TV, film production
Gov. Gavin Newsom is voicing his support for legislators to increase the tax credit the state offers to producers of films and TV shows that shoot in California by more than double.
Gov. Gavin Newsom is voicing his support for legislators to increase the tax credit the state offers to producers of films and TV shows that shoot in California by more than double.
Denny’s expects to close 150 locations by end of 2025
Denny’s said Tuesday that it expects to close 150 of its lowest-performing restaurants.
Denny’s said Tuesday that it expects to close 150 of its lowest-performing restaurants.
7 California ZIP codes among top 10 most expensive in US: report
California dominated when it came to the country’s most expensive metros, with metro LA claiming 29 and the Bay Area home to 39.
California dominated when it came to the country’s most expensive metros, with metro LA claiming 29 and the Bay Area home to 39.
Buybuy Baby closing all stores, shifting to online-only in 'strategic reset'
Buybuy Baby is shuttering all of its stores roughly a year after new owners tried to revive the brand.
Buybuy Baby is shuttering all of its stores roughly a year after new owners tried to revive the brand.
Mortgage rates continue to climb despite cuts by the Fed: Here’s why
Many Americans have been priced out of purchasing a home or making a move for years now amid elevated mortgage rates, sky-high home prices, and squeezed budgets due to inflation.
Many Americans have been priced out of purchasing a home or making a move for years now amid elevated mortgage rates, sky-high home prices, and squeezed budgets due to inflation.
Hardware wholesaler True Value files for bankruptcy, plans sale to rival
Wholesale hardware supplier True Value has filed for Chapter 11 bankruptcy and is planning to sell by the end of the year to rival Do It Best.
Wholesale hardware supplier True Value has filed for Chapter 11 bankruptcy and is planning to sell by the end of the year to rival Do It Best.
A closer look at how Trump's economic plan could impact inflation
Former President Donald Trump has vowed to eliminate inflation if he returns to office, but economists warn that his proposed policies, including high tariffs, mass deportations, and interference with the Federal Reserve, could worsen the issue.
Former President Donald Trump has vowed to eliminate inflation if he returns to office, but economists warn that his proposed policies, including high tariffs, mass deportations, and interference with the Federal Reserve, could worsen the issue.
Holiday spending projected to hit new record this year
Notable differences this year include the shopping period between Thanksgiving and Christmas being nearly a week shorter, and the economic impact of Hurricanes Helene and Milton.
Notable differences this year include the shopping period between Thanksgiving and Christmas being nearly a week shorter, and the economic impact of Hurricanes Helene and Milton.
Americans are feeling more anxious about their credit card debt, survey finds
Americans appear to be feeling more worried about mounting credit card debt, according to the New York Fed’s September 2024 Survey of Consumer Expectations.
Americans appear to be feeling more worried about mounting credit card debt, according to the New York Fed’s September 2024 Survey of Consumer Expectations.
7-Eleven shutting down nearly 450 underperforming stores across North America
Nearly 450 7-Eleven stores across North America are closing for underperforming, according to the company.
Nearly 450 7-Eleven stores across North America are closing for underperforming, according to the company.
Inflation reaches lowest point in 3 years; here's what prices came down most
The improved inflation stats show that it’s steadily moving back to the Federal Reserve’s 2% target, with the agency likely to keep cutting its standard interest rate in 2024.
The improved inflation stats show that it’s steadily moving back to the Federal Reserve’s 2% target, with the agency likely to keep cutting its standard interest rate in 2024.
Port strike panic buying? Costco toilet paper frenzy making the rounds on social media
Videos posted online claim that toilet paper is sold out at Costco stores from Arizona and Colorado to New Jersey.
Videos posted online claim that toilet paper is sold out at Costco stores from Arizona and Colorado to New Jersey.
Newsom signs California bill extending alcohol sales in one place only
Last call is being extended to 4 a.m. in one place only in the entire state of California, thanks to a new bill signed by Gov. Gavin Newsom.
Last call is being extended to 4 a.m. in one place only in the entire state of California, thanks to a new bill signed by Gov. Gavin Newsom.
Port strike looming: What to know and expect
Retailers are bracing for potential pain should thousands of dock workers along the East Coast begin striking this week. Here’s what to know and what to expect.
Retailers are bracing for potential pain should thousands of dock workers along the East Coast begin striking this week. Here’s what to know and what to expect.
Would Harris or Trump do a better job on the economy? Voters spilt in new poll
About 4 in 10 registered voters say Trump would do a better job handling the economy, while a similar number say that about Harris, according to a new AP-NORC poll.
About 4 in 10 registered voters say Trump would do a better job handling the economy, while a similar number say that about Harris, according to a new AP-NORC poll.
Will the Fed's rate cut bring down mortgage rates?
While the federal funds rate is not what consumers pay directly, it affects borrowing costs for home equity lines of credit, auto loans and credit cards. Mortgage rates are linked to moves in the 10-year Treasury yield.
While the federal funds rate is not what consumers pay directly, it affects borrowing costs for home equity lines of credit, auto loans and credit cards. Mortgage rates are linked to moves in the 10-year Treasury yield.