U.S. Economy

Mortgage rates are climbing for the second week in a row, even after the Federal Reserve’s first rate cut in nearly a year — highlighting how a range of factors drive rates on home loans.

Starting in 2026, workers age 50 and older earning more than $145,000 must make catch-up 401(k) contributions to Roth accounts instead of pretax accounts.

Washington D.C., Denver, Virginia Beach and Raleigh are positioned for the biggest housing market impact as Federal Reserve rate cuts push mortgage rates lower.

Federal Reserve Governor Stephen Miran emphasized his commitment to independence from political pressure, even as his ties to the Trump administration role draws scrutiny.

Experts weigh in on the state of the U.S. housing market and project whether the affordability crisis plaguing prospective buyers will ease in the near future.

More than 10,000 people from across the country tried out more than 40 of Dave Portnoy's favorite pizzerias.

President Donald Trump suggests companies report earnings twice yearly instead of quarterly, requiring SEC approval and citing potential cost savings for businesses.

Miami tops buyer's markets with 9.7 months of housing supply, while Austin and Orlando follow with significant inventory increases and price cuts.

U.S. homeowners with mortgages now spend 21.4% of income on housing costs as monthly expenses jumped nearly 30% over five years, the Census Bureau reported.

Americans will spend less than 2% of their disposable income on gasoline in 2025, the lowest share since 2005, as the EIA forecasts significant price decreases.

Trump administration's energy policies are driving gas prices to five-year lows at $3.15 per gallon, down from $3.29 in 2024 and $3.77 in 2022.

Trump imposes 25% tariff on India imports over Russian oil purchases, pushing some duties to 50% as retaliation for New Delhi's discounted crude imports.

Johnson & Johnson announces a $2 billion North Carolina manufacturing expansion as part of a broader U.S. onshore biopharmaceutical initiative that will create new jobs.

Walmart increases discounts with more than 7,400 rollbacks and 30% more grocery discounts in the second quarter, driving 4.6% same-store sales growth amid economic uncertainty.

Housing affordability crisis deepens with maximum affordable home price falling to $298,000 while mortgage costs add $7,200 annually for buyers.

Housing affordability crisis deepens as Treasury Secretary Bessent announces plans to address mortgage rates through potential sale of government stake in Fannie Mae and Freddie Mac

The iconic film company Kodak has been failing to capitalize on digital photography technology it invented in 1975, leading to bankruptcy and ongoing struggles.

Kodak warned in a Securities and Exchange Commission filing that it faces serious financial concerns, citing substantial doubt about continuing operations.

Applebee's and IHOP combined restaurants feature streamlined 105-item menus and cross-trained staff, creating a more efficient and profitable business model.

A sprawling 11,000-square-foot California coastal retreat with six bedrooms and ocean views used a Dutch auction pricing strategy in the La Jolla market.