Mortgage rates climbed above 5% again, after dipping below that threshold for the first time in months a week earlier. While the volatility in mortgage rates remains, there are signs that the housing market is starting to stabilize.
Drivers in the United States can breathe a small sigh of relief — average gas prices have dropped below $4 a gallon for the first time since March.
A Nebraska mother and her 18-year-old daughter are facing multiple charges in a case that involved police obtaining Facebook messages between the two that authorities allege show evidence of an illegal self-managed medication abortion, as well as a plan to hide the remains.
Rising inflation poses a growing challenge for the Federal Reserve, which has committed to reining in soaring prices while trying to avoid plunging the economy into a recession.
Cash-strapped consumers are starting to trade down, swapping higher-priced goods for more affordable alternatives. That's good news for Applebee's and IHOP.
Ford on Thursday will once again begin taking orders for its popular F-150 Lightning electric pickup truck. But this time the base model of the pickup will cost about $7,000 more than before.
Nearly one third of households in the United Kingdom will face poverty this winter after paying energy bills that are set to soar again in January, campaigners say.
Even as some business groups cry foul over the tax provisions in the Inflation Reduction Act, economists at Goldman Sachs say the landmark bill will barely put a dent in massive corporate profits.
After facing a series of regulatory obstacles, the shell company attempting to take over former President Donald Trump's social media platform needs to extend a looming deadline to complete the controversial deal.
The frontrunner to replace Boris Johnson as the United Kingdom's next prime minister has a plan to fix the country's economy — but many economists aren't too happy about it.
US strippers haven't successfully unionized since the effort at San Francisco's Lusty Lady in the 1990s, but the dancers at LA's Star Garden club are trying anyway — in an environment where more American workers are sensing their own power.
As gas prices rose in the the first three months of 2022, interest among car shoppers in hybrid and electric cars rose right along with it. That's not too surprising, since so-called "electrified" cars cost less to fuel than gasoline-only cars. And shopping interest in electrified cars also dropped when gas prices did, according to data from the auto shopping website Edmunds.com.
Right-wing talk show host Alex Jones will have to pay the parents of a Sandy Hook shooting victim a little more than $4 million in compensatory damages, a jury decided Thursday, capping a stunning and dramatic case that showcased for the public the real-world harm inflicted by viral conspiracy theories.
When the latest jobs report comes out on Friday, it very well could show the smallest number of positions added in the past 18 months.
The Federal Reserve's war on inflation will eventually kill the economic recovery from Covid-19, former Fed official Bill Dudley warns.
The 30-year fixed-rate mortgage averaged 4.99% in the week ending August 4, down from 5.3% the week before, according to Freddie Mac. But that is still significantly higher than this time last year when it was 2.77%.
China's live-fire military drills around Taiwan are threatening to disrupt trade and commercial travel in East Asia, forcing vessels to reroute away from one of the world's busiest waterways and putting further pressure on strained global supply chains.
Walmart is laying off about 200 corporate employees, a person familiar with the matter told CNN, in a move that comes days after the retail giant issued a rare profit warning.
The world's oil-exporting countries have agreed to a tiny increase in output next month amid fears that a global recession will crimp demand.
China has suspended some trade with Taiwan in apparent retribution for a visit by the US House Speaker Nancy Pelosi to the self-governing island.
Investors are anxious, tired and gloomy as they digest the worst start to the year since 1970 and try to chart a path forward. But you wouldn't know it from watching major stock indexes.
Global markets fell on Tuesday as investors feared US House Speaker Nancy Pelosi's expected visit to Taiwan could severely escalate tensions with China.
So far this year, the real estate market has not been going the way many prospective homebuyers had hoped. Home prices -- already at all-time highs -- have continued to climb and mortgage rates have risen much faster than expected.
Europe is desperate to secure gas supplies that can't be cut off at Moscow's whim. That means governments are approving new developments that had been on ice, despite climate concerns.
Workers are fed up. More than two years into the pandemic, many have burned out, quit their jobs or are struggling to make ends meet as record inflation takes a huge bite out of their paychecks.