Economy

Federal regulators issued new guidance reminding banks to account for credit risks when lending to borrowers without U.S. work authorization.

Bargain hunters have made Erie, Pennsylvania, one of the nation's hottest housing markets. Homes in Pennsylvania's only Great Lakes port city sell in just 29 days on average.

An internal memo reveals Volkswagen faces a 20% cost disadvantage, with up to 100,000 total job cuts now under consideration across all brands.

A 32% surge in food costs over five years has pushed more than 1 in 4 working-age Americans into credit card debt strain just to cover grocery bills.

Five reports of Flaunt power banks catching fire, with burn injuries to hands and arms, prompted a recall of 1,400 MagSafe battery chargers.

America's construction industry faces a monthly shortage of roughly 250,000 workers, slowing homebuilding, extending project timelines and driving up costs as the nation grapples with a 1.5 million-home deficit.

Gen Z is openly sharing budgets, spending limits and salaries online, breaking long-held taboos around personal finance amid high living costs.

Federal spending on national debt interest, Social Security, Medicare and Medicaid drives the budget deficit $35 billion higher than last year.

Delta CEO Ed Bastian says airline fares will stay elevated even if jet fuel prices moderate, as labor costs and inflation reshape the industry.

Conference Board chief economist Dana M. Peterson says inflation won't hit the 2% target until 2028 as market shocks lock in elevated consumer prices.

A proposed In-N-Out location sparked a 45-day moratorium on new drive-thru permits in Culver City, California, as residents debate traffic, air quality and safety.

The 30-year fixed mortgage rose to 6.49% this week as Freddie Mac's Sam Khater says housing affordability continues to improve for homebuyers.

Kia recalled more than 460,000 Telluride vehicles after a previous 2024 recall failed to fix a seat motor defect linked to seven fires and 11 melting cases.