Economic Indicators

New U.S. home construction fell 11.3% in August to the lowest level in three years as a spike in mortgage rates suppresses demand among would-be buyers.

The National Retail Federation has been pleading for Congress to pass the Credit Card Competition Act, even going as far as to launch a six-figure advocacy campaign.

Democratic presidential candidate Robert F. Kennedy Jr. said in a social media post that he would ban fracking as part of his plan to end what he called the plastics pollution crisis.

Californians and Texans hold the most credit card debt, according to WalletHub. U.S. consumers nationwide hold more than $1 trillion in credit card debt.

Millennials - many of whom entered the job market during the Great Recession -- have had the hardest challenge becoming home owners. That challenge has become even harder.

The national average cost for a gallon of gas increased by a nickel from last week to $3.85 as oil prices continued to surge, according to AAA.

Monthly home prices in the United States hit an all-time high during a four-week period ending in September with mortgage rates hovering over 7%.

Gas prices are nearing a record high for this time of year, and they are likely to rise a few cents in the coming week due to rising wholesale prices — but some relief may be coming.

The Labor Department said the consumer price index showed that inflation ticked higher in August as price pressures in the economy remained unusually high.

Citigroup is making "significant changes" to streamline its organizational model. The flatter structure will eliminate management layers and speed up decision-making.

Rents are sitting near record highs and vacancies are on the rise. Landlords are beginning to offer deals to attract renters without lowering asking rents.

Would-be homebuyers nationwide. are facing a spike in housing costs amid an ongoing affordability crisis - and baby boomers may be to blame, Barclays says.

Oil prices hit their highest levels in 2023 last week following an announcement by Saudi Arabia and Russia that they would deepen their previously announced oil production cuts.

JCPenney is reinvesting one billion into upgrading its fleet of 670 stores and its online business. The move to boost business comes just a few years after Marc Rosen took over as CEO.

Travelers are urged to come back to areas of Maui that have not been impacted by the deadly fires, as well as other Hawaiian islands, in order to help boost the local economy.

Apple has lost nearly $200 billion in market value amid a string of reports citing iPhone curbs for workers in China, according to data collected by Dow Jones Market Data Group.

WeWork interim CEO David Tolley said in a public letter Wednesday that the company is renegotiating almost all of its leases and leaving underperforming locations.

Roku said Wednesday that it will trim its workforce, slow down on hiring and consolidate office space in an effort to slow down its annual operating expense growth rate.

Saudi Arabia and Russia announced a deal to extend oil production cuts until the end of 2023, further constricting supply and sending crude prices soaring.

The national average cost for a gallon of gas dropped by one cent from last week to $3.82 in response to production constraints, according to the latest report from AAA.