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News
Many use credit, savings for groceries in 2025
1+ hour, 7+ min ago (87+ words) (CNN)– One-in-five Americans pulled money from savings to pay for groceries last year. That’s among several findings by the Urban Institute, a D.C. based nonpartisan group that tracks economic and social policies annually. The latest survey for the year 2025 shows…...
Jobless claims at lowest since 1969
3+ day, 1+ hour ago (88+ words) The number of Americans filing for unemployment benefits is at its lowest level since 1969. (CNN)â The number of Americans filing for unemployment benefits is at its lowest level since 1969 Thursday, July 23, the Labor Department said first-time jobless claims dropped…...
Zillow: Fixer upper sales down
1+ week, 3+ day ago (77+ words) America’s love affair with fixer-uppers may be fading. (CNN)â Americaâs love affair with fixer-uppers may be fading Zillow says homes that need work are now selling at a 14% discount compared to similar move-in-ready homes Thatâs nearly double…...
Inflation cools more than expected in June as gas costs fall, underlying prices ease
1+ week, 6+ day ago (924+ words) Consumer prices dropped 0.4% from May to June, the largest monthly drop in four years, the Labor Department said Tuesday, after rising 0.5% in the previous month. On a yearly basis, inflation declined to 3.5%, down from a year-over-year gain of 4.2% in May…...
Federal Reserve Chair Warsh emphasizes political independence, signals focus on inflation
3+ week, 5+ day ago (591+ words) In remarks at a central bank conference in Sintra, Portugal, Warsh said that if businesses or households thought the Fed would accept inflation above 2%, “I guess they’d be disappointed. We’re going to deliver price stability.” The Fed typically combats inflation…...
Consumer sentiment rises as gas prices fall
1+ mon, 1+ day ago (108+ words) Americans seem to be feeling more optimistic about the economy now that gas prices are falling. (CNN)â Americans seem to be feeling more optimistic about the economy now that gas prices are falling Data from the University of Michigan…...
Inflation topped 4% in May
1+ mon, 2+ day ago (92+ words) (CNN)– Thursday, June 25, the U.S. Commerce Department reported inflation reached 4.1% in May, the highest level in three years. It marks a sizable jump from the 3.8% reported in April. It’s also widening the gap between average salary increases and eroding spending…...
Former Federal Reserve Chairman Alan Greenspan dies at 100
1+ mon, 5+ day ago (1394+ words) “To me he was my husband, who shaped my life from our very first date in 1984,” Mitchell said. “He had ‘irrational exuberance’ for baseball, the Washington Commanders, tennis, golf, and music, especially jazz. He will be remembered for his brilliance…...
Consumer sentiment rises for 1st time in 3 months
1+ mon, 2+ week ago (90+ words) Americans may be feeling a little better about the economy. (CNN)â Americans may be feeling a little better about the economy The University of Michiganâs latest survey shows consumer sentiment rose 9% this month, the first increase since February…...
US households, businesses stung by higher energy prices that have pushed inflation above 4%
1+ mon, 2+ week ago (832+ words) Consumer prices rose 4.2% in May from a year earlier, the Labor Department said Wednesday, up from 3.8% in April and the third straight monthly increase. On a monthly basis, prices rose 0.5% last month, after big gains of 0.6% in April and 0.9% in…...