Economy

The IRS on Thursday announced the new income limits for the different tax brackets as still-high inflation continues to squeeze Americans financially.

A new report by the Transparency Foundation says middle-class families are facing a particular hardship in California because of the high cost-of-living expenses.

Treasury Secretary Janet Yellen said Thursday that it would be a mistake for the U.S. and China to "decouple," warning of disastrous economic consequences.

The average rate on a 30-year fixed mortgage declined for the second week in a row but provided little relief to buyers whose payments jumped by a new high last month.

With WeWork in bankruptcy and his remaining shares near worthless, there is a potential for further financial gain for Adam Neumann worth hundreds of millions of dollars.

U.S. carriers boosted their winter schedules in order to meet the expected surge in demand over the 2023 holiday season. Many carriers are looking at the Florida market in particular.

The total number of homes for sale on the market tumbled in October for the fourth straight month, a sign the housing shortage is continuing to deepen.

Amazon has begun laying off employees in its music division, affecting workers on multiple continents. The e-commerce giant declined to say how many people were let go.

Over 30% of wealthy homebuyers in September bought a home in all cash, allowing them to avoid interest. Rates are still hovering just under 8%, a high not seen in two decades.

The unions representing hospitality workers in Las Vegas reached a tentative deal with Caesars Entertainment for a new labor contract covering about 10,000 employees.

Home-purchase applications increased for the first time in a month as mortgage rates posted a sharp decline, boosting demand among would-be homebuyers.