Monthly home prices hit all-time high, driving pending sales down
Monthly home prices in the United States hit an all-time high during a four-week period ending in September with mortgage rates hovering over 7%.
Gas prices will inch higher next week before offering drivers relief, experts say
Gas prices are nearing a record high for this time of year, and they are likely to rise a few cents in the coming week due to rising wholesale prices — but some relief may be coming.
August inflation breakdown: Where are prices rising and falling the fastest?
The Labor Department said the consumer price index showed that inflation ticked higher in August as price pressures in the economy remained unusually high.
Citigroup reorganizes business model to streamline operations
Citigroup is making "significant changes" to streamline its organizational model. The flatter structure will eliminate management layers and speed up decision-making.
Some landlords offer deals as asking rents sit near record highs
Rents are sitting near record highs and vacancies are on the rise. Landlords are beginning to offer deals to attract renters without lowering asking rents.
Why are home prices so expensive? Blame the boomers, Barclays says
Would-be homebuyers nationwide. are facing a spike in housing costs amid an ongoing affordability crisis - and baby boomers may be to blame, Barclays says.
Oil prices hit nine-month high as supply concerns mount
Oil prices hit their highest levels in 2023 last week following an announcement by Saudi Arabia and Russia that they would deepen their previously announced oil production cuts.
JCPenney CEO says company focused on American working families as economy weighs on consumers' wallets
JCPenney is reinvesting one billion into upgrading its fleet of 670 stores and its online business. The move to boost business comes just a few years after Marc Rosen took over as CEO.
Maui recovery: Hawaiian officials ask tourists to return in effort to boost local economy after wildfires
Travelers are urged to come back to areas of Maui that have not been impacted by the deadly fires, as well as other Hawaiian islands, in order to help boost the local economy.
Apple lost nearly $200B in market capitalization in matter of days on reports of iPhone restrictions in China
Apple has lost nearly $200 billion in market value amid a string of reports citing iPhone curbs for workers in China, according to data collected by Dow Jones Market Data Group.
WeWork says it will renegotiate nearly all its leases, leave ‘unfit and underperforming’ locations
WeWork interim CEO David Tolley said in a public letter Wednesday that the company is renegotiating almost all of its leases and leaving underperforming locations.
Roku cuts 10% of workforce, slows down on new hiring
Roku said Wednesday that it will trim its workforce, slow down on hiring and consolidate office space in an effort to slow down its annual operating expense growth rate.
Saudi Arabia extends oil production cuts to end of 2023, sending prices soaring
Saudi Arabia and Russia announced a deal to extend oil production cuts until the end of 2023, further constricting supply and sending crude prices soaring.
Gulf Coast refineries, spared from Hurricane Idalia ire, keep gas production and prices steady: AAA
The national average cost for a gallon of gas dropped by one cent from last week to $3.82 in response to production constraints, according to the latest report from AAA.
Labor Day weekend 2023: Best, worst times to travel
Recent data showed that many people are taking advantage of their last holiday weekend before summer ends. Bookings for flights, hotels, rental cars and cruises are higher.
August jobs breakdown: Which industries hired the most workers last month?
The U.S. Department of Labor reported Friday the U.S. economy added 187,000 jobs in August, driven by a burst of hiring in health care and leisure and hospitality.
US economy adds 187,000 jobs in August while unemployment rate unexpectedly jumps
The August jobs report released Friday provided a key look at the labor market's health amid the Federal Reserve's aggressive interest rate-hike campaign.
Hurricane Idalia: Florida gas contamination remains issue for drivers as storm pounds state
Hurricane Idalia slammed Florida as a Category 3 storm on Wednesday. A gasoline contamination issue impacted several filling stations in cities across the state.
Companies use Lyft program as public transit alternative for employees returning to office
Ride-share giant Lyft is building on its existing business relationships by highlighting its Lyft Pass program to companies that are requiring workers to return to offices.
Biden admin names first 10 drugs subject to Medicare price negotiation
The prescription medicines were selected by the Centers for Medicare & Medicaid Services to help lower the financial burden for millions of Americans who are 65 years and older.



















