US inflation: Economists explain why consumer prices are rising
For months, many economists had sounded a reassuring message that a spike in consumer prices, something that had been missing in action in the U.S. for a generation, wouldn’t stay long.
Biden administration ‘looking at every tool in arsenal’ to address gas price hike
Energy costs played a large role in the inflation surge, skyrocketing 4.8% from September to October, with the price of gas jumping up 6.1%.
Americans quit jobs at record pace in September for 2nd straight month
The Labor Department said Friday that 4.4 million people quit their jobs in September, or about 3% of the nation's workforce.
Savings window still open: Mortgage refinance rates hold at bargain lows | Nov. 12, 2021
Check out the mortgage refinancing rates for Nov. 12, 2021, which are unchanged from yesterday.
Still time to save: Today's mortgage rates hold at healthy lows | Nov. 12, 2021
Check out the mortgage rates for Nov. 12, 2021, which are unchanged from yesterday.
Higher educational achievement increases homeownership chances, study shows
A new study shows that higher education is helping millennials become homeowners, even amid rising student debt.
How to decide if you need flood insurance for your home
Do you own or rent a home in an area with elevated flood risk? Here's how to decide if you need to take out a separate flood policy.
Apple-1 computer sold out of Steve Jobs' garage sells for $500,000
A rare Apple-I computer, which was built by Apple founders Steve Jobs and Steve Wozniak, recently sold for $500,000 — 750 times the original price.
Experts suggest shopping early for Thanksgiving dinner as food prices continue to rise
Consumer prices are seeing the biggest inflation surge in more than 30 years. Recent data from the Consumer Price Index show food prices rose 4.6% since September 2020.
Sailors, crewmembers stuck at sea amid backlog at Port of Long Beach, LA
Several sailors and cargo ship crewmembers remain at sea, unable to get off their ships due to a backlog at the ports.
Today's best mortgage rate deal? 15-year rates hold at steady lows | Nov. 11, 2021
Check out the mortgage rates for Nov. 11, 2021, which are trending up from yesterday.
Fed to begin tapering its assets, economists say it will send interest rates higher
The Federal Reserve announced after its November meeting that it will begin tapering its economic stimulus. Here's what that could mean for interest rates.
Student loan forgiveness memo: Expert says Biden has authority to cancel student debt
The White House recently released a memo about canceling debt for federal student borrowers, but the text was heavily redacted. Here's what one expert thinks that means.
Business startups had record year, Census Bureau to begin keeping official tally
The monthly data will focus on new business applications and business formations to help officials monitor economic activity across the country.
Holiday shoppers plan to spend more money in 2021 after 2 years of decline, TransUnion finds
Many consumers are planning on spending more money this holiday shopping season amid supply chain issues. Here's how consumer behavior may change the way you finance holiday expenses.
US consumer prices jumped 6.2% in past year, highest inflation rate since 1990
Driving the price spikes are supply shortages resulting from consumer demand and COVID-related factory shutdowns coming out of the pandemic recession.
Unemployment claims drop to 267,000, a new pandemic low
Jobless claims fell by 4,000 last week, the Labor Department reported Wednesday.
Big rent hikes on tap across Southern California, USC report suggests
Rents will increase by $252 over the current level in Los Angeles County, $410 in Orange County, according to the report.
11 Democratic lawmakers ask Biden to dip into Strategic Petroleum Reserve to alleviate gas price hike
The Strategic Petroleum Reserve is stored in huge underground salt caverns at four sites along the coastline of the Gulf of Mexico and is the world’s largest supply of emergency crude oil.
California fast-food workers rally over wages, better working conditions
Fast-food workers in Southern California are joining hundreds of others across the state to rally over wages and better working conditions.