US banks shrug off turmoil to ace Fed's annual health checks
Among the top performers were Charles Schwab Corp. and Deutsche Bank's U.S. operations, while regional lenders Citizens Financial Corp. and US Bancorp were the laggards of the pack.
Oregon lawmakers vote to end ban on self-serve gas
Oregon is poised to end a long-held ban on self-serve gas station pumps throughout the state. The bill is now headed to Gov. Tina Kotek's desk to be signed.
States weigh charging by the mile as fuel taxes plummet
States are experimenting with charging drivers by the mile instead of relying on declining gas tax revenue as electric vehicle sales rise.
Home listings plummeted to record low in May: Redfin
The pool of homes for sale across the U.S. has shrank to a record low, according to real estate firm Redfin. Mortgage rates slipped last week for the third straight week.
Mortgage rates ease for third straight week
The rate on the 30-year fixed mortgage fell to 6.67% this week from 6.69% a year ago, according to the latest data from Freddie Mac. One year ago, it averaged 5.81%.
Do you think you’re rich? Here’s what Americans say
Charles Schwab asked Americans what constitutes being wealthy. The answers of those surveyed may surprise you as their answers not only covered money but lifestyle issues.
Grocery store CEO reveals when Americans will see relief in the aisles
Grocery chain Stew Leonard's President and CEO Stew Leonard Jr., reacts to the May CPI report, discusses elevated grocery prices, and when shoppers might see relief.
Airfare from US to Europe reaches highest level in 6 years
Demand to Europe is surging and outpacing 2019 levels even though ticket prices have risen to the highest level in six years, according to data from travel app Hopper.
Mortgage rates continue to come down
Mortgage rates have declined slightly but remain high over pessimism that the Federal Reserve still has a ways to go with inflation. The 15-year rate climbed to 6.10%
UnitedHealth says seniors are catching up on delayed surgeries
A growing number of seniors are seeking out surgeries, particularly related to knees and hips, that may have been pushed off during the COVID pandemic.
Mortgage applications jump as borrowing rates ease
Mortgage applications have risen over the past week as borrowing rates continue to ease. Still, they are well below the level seen a year ago.
Inflation drops in May, but not enough to slow interest rate hikes
Inflation dropped in May, reaching nearly half of its peak last Summer. And while the decrease could cause the Fed to pause its rate hikes in June, the rate hikes could continue this year.
Gas prices hold steady despite surge in demand for domestic gasoline: AAA
Gas prices decreased slightly for the week ending May 8, AAA said. Despite an increase in gasoline demand, fluctuating oil prices have limited increases at the pump.
Jobless claims jump more than expected to highest level since 2021
Applications for unemployment benefits last week climbed to the highest level since October 2021, the latest evidence the labor market is slowing down.
Sequoia Capital splits China, India businesses into separate entities
Sequoia Capital is splitting its China, India and Southeast Asia and U.S. and Europe businesses into three different entities, the company announced Tuesday.
Gas prices could spike after Saudi Arabia oil production cut
Drivers in the U.S. could soon pay more for a gallon of regular gasoline after Saudi Arabia's latest oil production cuts that were announced over the weekend.
Summer camps, sports leagues jump on buy now, pay later bandwagon
Summer camps, sports leagues and child care programs are taking advantage of the buy now, pay later service to help families foot the often big bills.
Airbnb co-founder says an uncertain economy creates opportunities for entrepreneurs
Airbnb co-founder Nathan Blecharczyk says entrepreneurs shouldn't shy away from their business ventures just because of an uncertain economic climate.
Mortgage rates jump to highest level since November
Mortgage rates have ticked higher along with the 10-year Treasury yield, which lenders use as a guide to pricing loans. The current rate on the 30-year fixed mortgage is 6.79%.
Memorial Day drivers face relief at the gas pump
The over 37 million people expected to drive over the Memorial Day weekend will get some relief at gas pumps around the nation, compared to a year ago, according to AAA data.