Retail

Economy

Fed warns tighter credit conditions could slow US growth

Home foreclosures are on the rise again nationwide

A new report published by ATTOM found that the number of home foreclosures rose nationwide in May as Americans continue to face an affordability crisis.

National Debt Tracker: American taxpayers (you) are now on the hook for $34,681,313,704,677.46 as of 6/13/24

The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by President Biden and Congress.

Chick-Fil-A is ‘leading the charge’ to provide financial education to the next generation: Mike Rowe

MikeRoweWorks Foundation CEO Mike Rowe reacts to Gen Zers' growing attraction to blue-collar jobs and its potential impact on the U.S. economy.?

California’s $20 minimum wage led to fast-food price hikes, lower customer traffic, study shows

Since California's new minimum wage law went into effect on April 1, menu prices at fast-food restaurants has surged and foot traffic has slowed, according to new data.

Mortgage rates fall to 6.95%

Mortgage rates fell for the second consecutive week, with the average 30-year fixed-rate mortgage declining to 6.95%. Rates remain stubbornly high for many would-be buyers.

The number of Americans filing for jobless benefits unexpectedly spikes to 10-month high

The Labor Department reported Thursday that jobless claims rose to the highest level since August 2023, suggesting the labor market is continuing to cool.

Wholesale inflation cools more than expected in May

The Labor Department on Thursday released the closely watched producer price index, revealing that wholesale inflation cooled more than expected in May.

What sky-high borrowing costs mean for you and your money

The Federal Reserve signaled that it will keep interest rates higher for longer amid stubborn inflation, keeping borrowing costs elevated for Americans.

Waffle House will raise wages for tipped workers amid labor advocacy efforts

Waffle House is increasing pay for its U.S. workers to at least $3 per hour in June after a year-long push from labor advocates who've argued employee wages are far too low

Fed holds rates steady at 23-year high, projects just one cut this year

Federal Reserve policymakers on Wednesday voted to keep interest rates unchanged again as inflation in the U.S. remains notably higher than their 2% target.

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