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Economy

From Grill Thrills to Bill Chills: The Inflationary Saga of July 4 BBQs Under Biden

Americans are facing record-high costs for July 4th cookouts this year, with inflation driving up prices for burger…

ByByAva Davis Jul 6, 2024

Top 15 Housing Markets Teetering on the Edge of Correction

Katrina Campins from ‘Mansion Global’ discussed on ‘Making Money’ that despite a three-year rise in U.S. home prices,…

ByByIsabella Garcia Jul 5, 2024

Fed’s Powell Sees Glimmers of Disinflation but Calls for Patience

Reacting on ‘The Claman Countdown’, KPMG’s Diane Swonk discussed the Federal Reserve’s decision to maintain interest rates at…

ByByNoah Kim Jul 4, 2024

Why Housing Feels Like a Luxury Resort: Unpacking the 2023 Affordability Crisis

Housing prices in the U.S. are becoming increasingly unaffordable due to high mortgage rates and rising home prices,…

ByByDennis Perez Jul 3, 2024

Mortgage Rates Take a Tiny Tumble to 6.86%

James Bullard, former President and CEO of the Federal Reserve Bank of St. Louis, discusses the upcoming rate…

ByBySophia Chen Jul 2, 2024

Debt Duel: Biden vs. Trump in the National Debt Arena

The Hill recently published an article titled “Trump Added Twice as Much to the National Debt as Biden,”…

ByByNoah Kim Jul 1, 2024

Gridlocked: The US Housing Market’s Forecast Until 2026

James Bullard, former President and CEO of the Federal Reserve Bank of St. Louis, anticipates the next rate…

ByBySophia Chen Jun 30, 2024

May Inflation Spike: Fed’s Key Metric Jumps to 2.6%

In May, the personal consumption expenditures index—an inflation measure closely watched by the Federal Reserve—held steady, showing unchanged…

ByByAarav Patel Jun 29, 2024

The Great Pause: Americans Hit the Brakes on Job Switching as the Labor Market Chills

The “Great Resignation,” which saw tens of millions of Americans switch jobs for better pay and opportunities, seems…

ByByIsabella Garcia Jun 28, 2024
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June Auto Sales Hit a Pothole: CDK Outage Causes Industry Slowdown

A disruption in software provision from CDK Global has caused a significant decline in U.S. new-vehicle sales for…

ByByNoah Kim Jun 27, 2024

Rising Rents: The New Nemesis for Small Businesses

Over the past three years, small business owners have faced high prices and worker shortages, with recent Bank…

ByByKen Avery Jun 26, 2024

US Home Prices Soar to Record Heights in April

In April, home prices hit a record high amid a housing shortage and steep mortgage rates, with a…

ByByLiam Brown Jun 25, 2024

Why Your Mortgage Rates Are Dancing with the US National Debt

As prospective homebuyers in the U.S. eagerly await Federal Reserve interest rate cuts, which could alleviate high borrowing…

ByByAva Davis Jun 24, 2024

Why Americans Are Flocking to Red States for Affordable Living

A growing number of Americans are leaving Democratic-run cities for Republican suburbs in search of lower taxes and…

ByByNoah Kim Jun 23, 2024

Olive Garden’s Menu Takes a Price Hike: Pasta Just Got Pricier

Olive Garden expects to raise menu prices by 2.5% to 3% over the next year to align with…

ByByIsabella Garcia Jun 22, 2024

Southwest Flight’s Oklahoma City Approach: A Heart-Pounding 500-Foot Descent

The Federal Aviation Administration is investigating a Southwest Airlines flight that descended alarmingly low while attempting to land…

ByByNoah Kim Jun 21, 2024

Affordable Gems: US Cities Boasting Homes Under $200K

Since the pandemic began, U.S. home prices have skyrocketed by 47.1%, making affordable housing increasingly elusive; a recent…

ByByAva Davis Jun 20, 2024

After 50 Years, Hollywood’s Arby’s Bids Adieu Amid Wage Hike Drama

After 55 years in business, Arby’s on Hollywood’s Sunset Boulevard has closed its doors, with the iconic cowboy…

ByBySophia Chen Jun 19, 2024