Stay updated on financial news, market trends, and economic changes that affect your money. From interest rate hikes to government policy shifts, we break down what’s happening now—and what it means for your finances.
New home permits and starts dipped slightly in July after showing some signs of strength the month before, according to a government report released on Tuesday. Permits for new homes – an indicator for future…
As the new school year kicks off, most parents consider their student’s basic needs such as book bags, clothes, and writing supplies to be just another of the many expenses in raising kids. But teenagers…
Capital One Bank announced on Wednesday that it has plans to acquire HSBC’s $30 billion domestic credit card business. The McLean, VA-based bank will pay a premium of 8.75% over the value of the loans,…
Credit reporting agency Standard & Poor’s announced on Friday that because Congress didn’t do enough to fix the country’s debt problem, they dropped the stellar AAA credit rating of the U.S. down by one notch…
Overall employment changed little in July as the nation added jobs in health care, retail trade, manufacturing, and mining – but lost jobs in government employment, according to a release by a government agency on…
Home builder sentiment remains at low levels in June, falling 3 points to a reading of 13 on the NAHB/Wells Fargo Housing Market Index, the National Association of Home Builders reported on Wednesday. The last…
Retail sales fell for the first time in 11 months, mostly pulled down by a sharp decrease in auto sales, according to a government report released on Tuesday. The Commerce Department reported that total retail…
After reviewing the performance of the ten largest mortgage servicers participating in the Home Affordable Modification Program (HAMP), government officials have decided to halt payments to three top U.S. banks that are not doing enough…
The U.S. economy continued to grow in May – but at a slower pace due to higher food and energy costs and bad weather in some areas, according to a report released on Wednesday by…
As if overburdened taxpayers and underemployed consumers aren’t already paying enough for decisions made by big business – the head of one bailed-out company thinks Americans should pay even more, according to a report by…