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Categories Business

Consumers await key inflation data as hopes for ‘soft landing’ linger

Author February 13, 2024

Elevated inflation continues to pervade the U.S. economy. And while the pace of 12-month price increases has slowed from the near-double-digit highs reached

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Categories Business

Big banks have drastically cut overdraft fees, but customers still paid $2.2B last year

Author February 12, 2024

The three biggest American retail banks collected 25% less overdraft revenue last year as the companies, under pressure from regulators to cap the fees,

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Categories Business

S&P 500 closes above 5,000 for first time ever, notches fifth straight winning week

Author February 10, 2024

Stocks rose on Friday after December’s revised inflation reading came in lower than first reported, and the S&P 500 closed above 5,000 level as

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Categories Business

Average credit card balances jump 10% to a record $6,360 as more consumers fall behind on payments

Author February 9, 2024

Credit card debt has notched another new high. Americans now owe $1.08 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday. Balances jumped 10%

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Categories Business

Honda recalls 750,000 U.S. vehicles over air bag defect

Author February 8, 2024

Honda said on Tuesday it was recalling 750,000 vehicles in the United States over a defect involving air bags which could deploy

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Categories Business

A Big Mac combo for $18? Fast foodies are getting fed up with price hikes

Author February 8, 2024

Look no further than the fast-food drive-thru for evidence of inflation fatigue. Food companies have been passing along higher labor and ingredient costs

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Categories Business

New sports bundle could give cord-cutting fans their biggest single source of content yet

Author February 8, 2024

Disney, Fox and Warner Bros. Discovery announced plans Tuesday to launch a new streaming service that could become the biggest single source

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Categories Business

FAA increases oversight of Boeing 737 Max 9 jets after Alaska Airlines near-disaster

Author February 7, 2024

The Federal Aviation Administration announced Monday that it will start taking a closer look at Boeing 737 Max 9 jets. ‘The FAA

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Categories Business

FAA increases oversight of Boeing 737 Max 9 jets after Alaska Airlines near-disaster

Author February 7, 2024

The Federal Aviation Administration announced Monday that it will start taking a closer look at Boeing 737 Max 9 jets. ‘The FAA

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Categories Business

Mortgage rates jump back over 7% as stronger economic data rolls in

Author February 7, 2024

The average rate on the popular 30-year fixed mortgage crossed over 7% on Monday for the first time since December, hitting 7.04%,

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