As the cost of owning a home has skyrocketed over the last few years, some Americans are venting their frustrations by blaming the government for high housing prices. Nearly 90% of Americans said it’s too expensive to purchase a home right now, according to a survey of 1,386 people in the U.S., aged 46 and…
President Joe Biden on Friday hailed passage of a bipartisan deal to raise the U.S. debt limit and avoid a government default, addressing the nation from the Oval Office. “No one got everything they wanted, but the American people got what they needed,” the president said. “We averted an economic crisis and economic collapse.” Biden…
A new survey finds that 61% of us are more afraid of running out of money in our old age than we are of dying itself. Life insurance giant Allianz, which conducted the survey, found the result “remarkable,” but actually it sort of makes sense. Death is inevitable, running out of cash isn’t. And when…
The numbers: The U.S. added a muscular 339,000 new jobs in May, underscoring the resilience of the economy in the face of rising borrowing costs. Employment gains in April and March were also considerably higher than previously reported, the government reported Friday, in another sign the labor market remains unusually strong. Wall Street had forecast…
The U.S. Senate voted 63-36 in favor of a crucial debt-ceiling bill on Thursday night, sending the measure to President Joe Biden to be signed into law. The Fiscal Responsibility Act, which the Republican-run House of Representatives approved on Wednesday night in a 314-117 vote, raises the ceiling for federal borrowing and avoids a market-shaking…
With Congress raising the debt-ceiling and both sides of the aisle grumbling about the outcome, the debate over the mechanics of paying for the U.S. government’s obligations and the close call with default now fades back into obscurity. Until the next time. Assuming Congress won’t do away with the debt ceiling and push all spending…
Headline inflation may have come down over the past year, but consumers’ expectations about future inflation have not. In fact, five-year expected inflation has been inching up rather than down in recent months, according to the University of Michigan consumer survey. The median expectation is that inflation will run at a 3.1% annualized pace over…
In a U.S. Senate Banking Committee hearing on Wednesday, Senator Elizabeth Warren brought up the use of crypto to fund trade in the opioid fentanyl between China and the United States. “Fentanyl is among the leading causes of death among Americans 18 to 45,” said Warren. “China is the leading supplier of chemical ingredients called…
Your diploma has been framed, the cap and gown are in storage, and you’ve been to more going-away parties than you can count. Now, where to focus that job hunt and narrow down where to live after graduation? If your destination wish list includes lots of culture, a smaller-town feel and football Saturdays (you’re never…
As aspiring homeowners contend with high mortgage rates, rising home prices, and a low number of homes for sale, the construction of single-family homes built deliberately to be rented is forging full steam ahead as investors bet on rentals. The number of newly built single-family homes being sold to investors to rent, or also known…
Facebook and Instagram parent Meta Platforms Inc. on Wednesday threated to block users in California from sharing news articles if lawmakers in its home state pass legislation requiring some tech companies to pay news publishers. The California Journalism Preservation Act, which is up for a vote in the state Assembly on Thursday, would require social-media…
The U.S. House of Representatives voted 314-117 in favor of a crucial debt-ceiling bill on Wednesday night, keeping Washington on track to meet the Treasury Department’s Monday deadline. There were 149 Republicans and 165 Democrats voting for the measure, while 71 Republicans and 46 Democrats voted against it. Those tallies show the extent…
Summer is almost here, and the streaming schedule is finally easing up enough to let viewers venture outside once in a while. After a two-month deluge of Emmy bait, the release schedule is significantly lighter in June, though not without its gems, such as new seasons of Hulu’s “The Bear,” Apple’s “Swagger” and Netflix’s “Black…
If you need to downsize in a hurry, here’s how to go about it while minimizing stress — and avoiding sending something valuable to the dump.
The impact of organized retail crime has been a subtheme of earnings season in the retail sector, with BJ’s Wholesale Club Holdings Inc. CEO Bob Eddy the latest executive to weigh in on the issue. “Organized retail crime is definitely a thing,” he said, during a conference call to discuss the company’s first-quarter results Tuesday….
While President Joe Biden and House Speaker Kevin McCarthy reached a debt-ceiling deal over the holiday weekend, that doesn’t mean it’s now all smooth sailing. Congress still must give its OK, starting with the Republican-run House of Representatives. Here’s what’s next, as the Treasury Department has called for action by this coming Monday in order…
Tina Turner was a rock star — even in retirement. The music legend died this week at her home in Küsnacht, Switzerland, at age 83. Read: Tina Turner, unstoppable superstar whose hits included ‘What’s Love Got to Do With It,’ dead at 83 The former performer retired in 2009 and seemed to love life in…
With shares more than doubling this year, Meta Platforms META, +0.18% seems to be a stock that just won’t quit. But given the choice, investors may want to consider digital-advertising competitor Alphabet GOOGL, -0.75% GOOG, -0.63% instead. Sure, Facebook parent Meta Platforms topped earnings expectations and posted bullish guidance. Yet just after celebrating those results, investors…
Florida Gov. Ron DeSantis will announce his presidential bid during a discussion with Twitter owner Elon Musk, a spokesperson for DeSantis’s political team confirmed. NBC News first reported the pending announcement. Musk and DeSantis, a Republican, will appear in an event on Twitter Spaces, the site’s platform for audio chats, on Wednesday at 6 p.m….
The debt-ceiling deal struck by President Joe Biden and House Speaker Kevin McCarthy over the weekend contains many compromises for both Republicans and Democrats. Some may be harder to stomach than others. Chief among them: changes to the federal government’s Supplemental Nutrition Assistance Program, or food-stamp program. “The agreement prevents the worst possible crisis, a…