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?
Economy
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.
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.
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.
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
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.
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
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.
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
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
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.
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
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
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.
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
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.
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
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
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
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.
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
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
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.
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
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
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.
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.
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.
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.
