Retail
Percentage of US mortgages considered 'seriously underwater' rises
ATTOM report finds that the share of residential mortgages considered "seriously underwater" rose in Q1 2024, while "equity-rich" mortgages declined for the third straight quarter.
Inflation has majority of retirees worried they will outlive their assets
A new study found the vast majority of retired Americans are worried that their savings will not be enough to sustain them through their golden years after years of elevated inflation.
National Debt Tracker: American taxpayers (you) are now on the hook for $34,541,727,970,599.17 as of 5/9/24
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.
People have chosen lower-cost items they buy online: report
Shoppers have been trading down in online purchases, according to Adobe Analytics. The same report showed online spending from January to April hit $331.6 billion.
Mortgage rates tick down to 7.09%
The average rate for a 30-year fixed-rate mortgage declined this week for the first time since March to 7.09% as home affordability continues to stifle the housing market.
Fed Chairman Powell finds lowering rates too easy to swallow
Fed Chairman Jerome Powell made some of the right moves, but failed the delayed gratification test and signaled that he would lower rates. Why? He bowed to political pressure, of course.
Bank creates mechanism for depositors to contribute to Baltimore bridge collapse recovery
Baltimore's CFG Bank created a special bank account for depositors to give 0.05% of their interest to a relief fund for families and workers affected by the Key Bridge collapse.
US economy at risk of becoming 'banana republic' if Trump goes to jail: Ex-White House economist
A Trump-era economist warns if the former president goes to jail, U.S. markets could tank as yields go "way, way up" and equities go "way, way down."
US needs to prioritize reliable and affordable energy: Chevron CEO Mike Wirth
Chevron Chairman & CEO Mike Wirth sits down with FOX Business' Maria Bartiromo to discuss America's energy agenda, the demand for data centers and the regulatory environment.
Federal Reserve president says rate cuts may not come in 2024
Minneapolis Federal Reserve President Neel Kashkari said that interest rates may remain elevated for an "extended period" this year until policymakers see more evidence of inflation declining.