Economy

The resumption of federal student loan payments this fall could hit the housing market, which has already been walloped by the spike in mortgage rates.

Mortgage rates hit their highest point in more than two decades. But as high home prices and rates weigh down on homebuyers, many sellers are willing to negotiate.

Consumers have been facing affordability issues with used cars, something that used car dealer CarMax noted in its latest quarter earnings this week.

The House approved multiple appropriations bills to fund the State Department and foreign operations, the Department of Defense and the Department of Homeland Security.

Former Target Vice Chairman Gerald Storch addressed the "acceleration in crime" nationwide as the company announced it would close several locations amid public safety concerns.

Freddie Mac reported Thursday that the average interest rate for a 30-year fixed-rate home mortgage is now at 7.31%, the highest it has been in nearly 23 years.

A downtrend in consumer spending slowed economic growth in the second quarter compared to the previous one, but the economy is holding steady, according to the Bureau of Economic Analysis (BEA).

Pending home sales in the U.S. fell much more than expected in August as housing affordability continues to worsen. The current rate on the 30-year mortgage is 7.31%.

"Fortnite" maker Epic Games is laying off about 900 employees, or 16% of its staff, according to a new report. The job cuts were announced in a memo to staff, the report said.

Delta Air Lines said it is rethinking the overhaul of its loyalty program after receiving feedback from customers. It's now planning on making modifications.

The Biden administration announced consequences of a government shutdown. One of them is that the travel industry could face significant delays and longer wait times.

After accumulating record breaking excess savings in the COVID-19 recession, Americans could soon deplete these reserves, the San Francisco Fed reported.