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Inflation measure closely watched by the Fed rises 2.5% in June
The Federal Reserve's favorite measure of tracking inflation rose 0.1% in June as American families continue to grapple with elevated consumer prices.
High inflation could haunt Kamala Harris in fight against Trump
Voters disgruntled with years of high inflation could blame Vice President Kamala Harris, the likely Democratic nominee, at the ballot box in November.
National Debt Tracker: American taxpayers (you) are now on the hook for $34,969,578,299,467.18 as of 7/25/24
The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by President Biden and Congress.
Mortgage rates increase slightly
The average rate for a 30-year fixed-rate mortgage rose this week to 6.78%, while the 15-year rate increased to 6.07%, remaining uncomfortably high for many would-be buyers.
Credit card delinquency rates hit worst level since 2012 in new Fed study
A growing number of Americans are struggling to make their credit card payments every month as they continue to battle high inflation and interest rates.
US economy grew faster than expected during the second quarter
Gross domestic product, the broadest measure of goods and services produced across the economy, grew at a 2.8% annualized rate during the second quarter.
Bosses admit that return-to-office mandates were meant to make staff quit
A new survey published by Bamboo HR shows that one-quarter of bosses admitted to implementing return-to-office mandates in order to get workers to quit.
Plane explosion in Nepal captured on shocking video leaves 18 dead, 1 survivor
At least 18 passengers died when a Saurya Airlines plane crashed in Kathmandu, Nepal, Wednesday. The incident highlights the Himalayan country’s history of poor air safety record.
Homebuyers are getting cold feet
A new report published by Redfin shows that a growing number of buyers are backing out of deals to buy a house due to high mortgage rates and steep prices.
Home prices smashed another record in June as sales slump
New data published Tuesday by the National Association of Realtors shows that the median existing home sale price smashed another record high in June.