people shopping on Black Friday

Black Friday vs. Cyber Monday Deals: Which Are Better?

Black Friday and Cyber Monday are two of the biggest shopping days of the year. But does one day offer deeper discounts?

 | Tricia Goss

Home for sale.

Average Long-Term U.S. Mortgage Rates Tumble To 6.6%

Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate fell to 6.61% from 7.08% last week.

 | AP and Scripps News Staff


Walmart Grocery Deals Under $10 For Your Thanksgiving Dinner

Grocery prices are up 12% over last year, but you can keep your Turkey Day tab down by picking up some of these deals from Walmart.

 | Kaitlin Gates

A plane is in the air.

Air Travel Costs More, Has Fewer Options This Holiday Season

The average cost of a flight is higher this year than last, with fewer workers and fewer flights adding to the issue.

 | James Packard

Hiring sign is displayed in Northbrook, Ill.

Consumer Price Index Has The Smallest Rise Since January

The Consumer Price Index increased 0.4% for the month and 7.7% from a year ago. That’s the smallest rise since January and lower than estimates.

 | Bianca Facchinei

A customer pumps gas.

U.S. Consumer Inflation Eased To 7.7% Over Past 12 Months

The Federal Reserve is widely expected to keep raising interest rates to try to stem persistently high price increases.

 | AP and Bianca Facchinei

A "for sale" sign stands outside a home.

U.S. Housing Markets With the Biggest Price Drops

A decade-long seller’s market is coming to an end as housing prices plummet. This chart shows how much the market is down in 60 cities.

 | Tricia Goss

A help wanted sign is displayed

U.S. Employers Keep Hiring Briskly Even In Face Of Rate Hikes

Friday's report showed that hiring was brisk across industries last month, though the overall gain declined from 315,000 in September.

 | AP

A sale sign stands outside a home in Wyndmoor, Pa.,

Current Federal Reserve Interest Rate At Highest Level Since 2008

Interest rates are once again rising, as the Fed announced another hike — the sixth this year.

 | Bianca Facchinei

The Bank of England.

Bank Of England Makes Biggest Interest Rate Hike In 30 Years

The Bank of England boosted its key rate by three-quarters of a percentage point, to 3%, after consumer price inflation soared to a 40-year high.

 | AP

President Joe Biden.

Biden Accuses Big Oil Of War Profiteering, Weighs Consequences

The president is considering asking Congress to levy tax penalties on oil companies if they don't re-invest profits into lowering costs for Americans.

 | AP

People shop for Halloween costumes.

Halloween Costumes Have Grown Into A Billion-Dollar Industry

Americans spend big on costumes come Halloween, and the money is mostly going to adult outfits, not just kids.

 | Cat Sandoval

A for sale sign stands in front of a house.

U.S. Mortgage Rates Top 7% For The First Time In 2 Decades

Last year at this time, rates on a 30-year mortgage averaged 3.14%.

 | AP and Scripps News Staff

People shop at a grocery store.

U.S. Economy Returned To Growth Last Quarter, Expanding 2.6%

Consumer spending, which accounts for about 70% of U.S. economic activity, expanded at a 1.4% annual pace, down from a 2% rate from April-June.

 | AP and Bianca Facchinei

A Target store

Here's An Official List Of Stores Closed On Thanksgiving 2022

If you like to start your holiday shopping right after Thanksgiving dinner, check this list to see if your favorite stores will be closed this year.

 | Tricia Goss

A "for sale" sign outside a house.

Average Long-Term U.S. Mortgage Rates Rise This Week To 6.94%

The Fed's next two-day policy meeting opens Nov. 1, with most economists expecting another big hike of three-quarters of a point.

 | AP

Money is shown.

Though Recession Fears Are Increasing, Evidence Is Still Lacking

A Bloomberg prediction says a recession is 100% certain, while other economists say spending and market factors are evidence against that theory.

 | James Packard

U.S. President Joe Biden.

Biden Pushing Lower Prescription Drug Costs In Midterm Press

The White House said President Biden will also sign an executive order that will direct HHS to look for additional ways to lower drug costs.

 | AP

Customers shop at a grocery store.

U.S. Inflation Intensifies As Consumer Prices Increased In September

Consumer prices rose 8.2% in September compared with a year earlier, while prices increased 0.4% on a month-to-month basis.

 | Bianca Facchinei and AP and Scripps News Staff

US Social Security Administration office.

Social Security Admin. Announces Benefits Will Jump By 8.7% Next Year

Thursday's announcement affects about 70 million people — including retirees, disabled people and children — who receive Social Security benefits.

 | AP and Scripps News Staff

Johnson & Johnson baby powder is shown.

How Bankruptcy Can Protect Companies From Lawsuits

Companies can dodge legal consequences using a bankruptcy process, but critics ask if this just relieves them of accountability.

 | Scripps News Staff

Woman shops at a grocery store.

U.S. Producer Inflation Rose To 8.5% In September

New economic data from the Labor Department will likely lead to another interest rate hike by the Federal Reserve in November.

 | AP and Scripps News Staff

Gas station pumps.

OPEC+ Makes Big Oil Cut To Boost Prices; Costs At Pump May Rise

President Biden considered the OPEC+ decision "shortsighted" while the global economy is dealing with the negative impacts of the war in Ukraine.

 | AP and Maura Sirianni

People stand among wreckage.

Hurricane Ian Ravages Family Fishing Business Just Before Crab Season

A family fishing business in Fort Myers lost almost everything after Hurricane Ian devastated the area.

 | Adi Guajardo

Cashier exchanges Euros with U.S. dollars.

Inflation Hits Record 10% In 19 Countries Using The Euro

Consumer prices in the 19-country eurozone were up from an annual 9.1% in August. One year ago, inflation was as low as 3.4%.

 | AP

Home for sale.

U.S. Long-Term Mortgage Rates Increase For 6th Straight Week

The average 30-year mortgage rate spiked to 6.70% from 6.29% last week according to mortgage buyer Freddie Mac. One year ago, the rate was 3.01%.

 | AP

Tesla and SpaceX CEO Elon Musk

Forbes: 400 Richest Americans Less Wealthy In 2022 Due To Inflation

For the first time since 2009, the 400 richest people in America lost money this year as a group, according to Forbes magazine.

 | Ben Schamisso

The New York Stock Exchange building is shown.

Recession Worries Loom As Wall Street Falls Deeper Into Bear Market

Wall Street remains on shaky ground as indexes continue to fall into a bear market amid rising inflation.

 | James Packard

Transmission tower.

Report: Americans To Pay More To Heat Their Homes This Winter

In August, more than 20 million families were behind on their utility bills, mainly due to soaring energy costs.

 | Stephanie Sandoval

Townhomes under construction are shown in Mars, Pennsylvania

Interest Rates Are Expected To Increase Again

Investors brace for another big interest rate increase this week from the Federal Reserve. The hikes are having an effect on homebuyers.

 | James Packard