News
More borrowers seek financial counseling as credit card rates near record highs
1+ mon, 2+ week ago (779+ words) by Cristina Flores, KUTV SALT LAKE CITY (KUTV) " President Donald Trump's push to get credit card companies to voluntarily cap interest rates at 10% has gone nowhere. But consumer advocates say Americans struggling with high-interest credit card debt still have options…...
Utah economist breaks down rising inflation expectations, impact on housing, gas prices
3+ day, 21+ hour ago (247+ words) by Avery Sloane & Jared Turner, KUTV SALT LAKE CITY (KUTV) " Overall, people think inflation is going to get worse. Consumer expectations of inflation rose another percentage point to 3. 4%. ARC Salt Lake spoke with Utah economist Robert Spendlove of Zions Bank…...
Experts warn volatility in Middle East could slow, halt progress on lowering gas prices
5+ day, 8+ hour ago (493+ words) SALT LAKE CITY (KUTV) " Experts warn that volatility in the Middle East and uncertainty surrounding a fragile ceasefire could slow or even halt progress on lowering gas prices, despite a sharp drop in oil markets. Oil prices fell roughly 15% after…...
Utah housing market holds steady amid Iran conflict concerns
1+ week, 2+ hour ago (258+ words) SALT LAKE CITY (KUTV) " As the conflict involving Iran continued overseas, experts said the ripple effects were being felt at home, especially in the housing market. Utah's housing market held steady for now. Rick Southwick, an associate broker with e…...
Oil shocks bring new risks to wobbly labor market
1+ week, 14+ hour ago (100+ words) KUTV CBS 2 provides local news, weather forecasts, traffic updates, notices of events and items of interest in the community, sports and entertainment programming for Salt Lake City and nearby towns and communities in the Great Salt Lake area, including Jordan…...
U. S. economy meets rough start to 2026 despite promises of growth
1+ mon, 5+ day ago (929+ words) by JOSH BOAK, Associated Press In his State of the Union address less than two weeks ago, the Republican president confidently told the country: "The roaring economy is roaring like never before." The latest batch of data on jobs, pump…...
American views out of sync with Trump's portrayal of 'golden age' economy
1+ mon, 2+ week ago (708+ words) by CHRISTOPHER RUGABER and PAUL WISEMAN Associated Press Writers Barely 12 hours before his speech, in fact, The Conference Board, a business research group, released its latest consumer confidence report. It showed that overall confidence in the economy remains historically low,…...
Grocery prices soar as tariffs impact everyday staples
7+ mon, 3+ week ago (151+ words) by Kaden Anderson & Jared Turner, KUTV SALT LAKE CITY (KUTV) " The latest Consumer Price Index reveals that grocery prices in July rose 2. 2 percent compared to the same time last year. Shoppers have been feeling the pinch at the grocery store…...
Soaring coffee prices rewrite some Americans' daily routines
1+ mon, 3+ week ago (737+ words) by MATT SEDENSKY, AP National Writer Coffee has been a morning ritual for Chandra Donelson since she was old enough to drink it. But, dismayed by rising prices, the 35-year-old from Washington, D. C. , did the unthinkable: She gave it up. "I…...
Inflation cools slightly but remains above Federal Reserve's target
3+ mon, 16+ hour ago (800+ words) by CHRISTOPHER RUGABER AP Economics Writer Consumer prices rose 0. 3% in December from the prior month, the Labor Department said Tuesday, the same as in November. Excluding the volatile food and energy categories, core prices rose 0. 2%, also matching November's figure. Increases…...