Fewer homebuyers entering bidding wars amid high mortgage rates: Redfin
Amid high mortgage rates, only 44.6% of home offers through Redfin received a competing bid in August, down from the same time last year, according to data from real estate brokerage company.
Housing market likely to tip economy into recession in 2023: Fannie Mae
A slowing housing market could bring a recession as soon as the first quarter of 2023, according to Fannie Mae. Here's what that means for you.
DC Attorney General sues Liberty Tax claiming it misled thousands of customers
Attorney General Karl Racine is putting Liberty Tax on notice after filing a lawsuit against the company claiming that it mislead and secretly increased the cost of tax preparation for thousands of D.C. taxpayers.
Final GDP estimate for Q2 confirms negative economic growth
GDP contracted in the second quarter of 2022, according to the final estimate from the Bureau of Economic Analysis (BEA). Here's what that means for you.
Apple Pay Later unexpectedly delayed until further notice
Apple Pay Later was not released with the iOS 16 update as expected, and the company has not given a new date for its release.
ON THE HILL: Expert weighs in on whether the US is headed for recession
In case you missed it Sunday morning, FOX 5's "On the Hill" program hosted economic expert Danny Leipziger to talk about the latest on the U.S. economy, including how to control inflation and whether the country is headed for a recession.
Social Security benefits forecast revised for 2023 as inflation eases
Social Security benefits are expected to increase in 2023, but could be less than previously forecasted, according to The Senior Citizens League. Here's how much of an increase retirees could see in 2023.
Americans counter consumer product 'shrinkflation' with new spending habits, survey says
Shrinkflation is causing many Americans to stress about their grocery purchases. However, they are finding ways to fight back. Here are ways you can still save.
Some consumers using credit card rewards to pay for essentials amid high inflation, study says
A Wells Fargo study said that consumers are increasingly using credit card rewards as a way to offset higher costs.
Biden administration announces student loan income-driven repayment plan changes
In addition to canceling $10,000 in student loans for eligible federal borrowers, the Biden administration also proposed new changes to other loan forgiveness programs.
Here's how the student loan payment pause impacted borrowers' credit scores
A new study by the Federal Reserve Bank of New York said that the moratorium on federal student loan payments has positively impacted borrower's finances and credit scores. (Not automatically expanded because 3 MB is too large.
Social Security accelerates decision-making process for those with severe disabilities
The Social Security Administration announced 12 new conditions that will receive a quick decision on disability benefits.
Gas prices drop below $4 again, AAA says
Gas prices slid back below $4 per gallon last week as demand continues to fall, according to AAA.
Gas prices drop amid wavering consumer demand, AAA says
Gas prices fell last week as consumer demand dropped from last year, and this downward trend could continue in the coming weeks, according to AAA.
These are the top retirement income concerns for many older Americans, according to a survey
In a recent survey, many older Americans said inflation is changing their retirement plans.
Biden confirms he’ll make student loans decision by end of August
In an exchange with reporters, President Joe Biden confirmed he will soon make a decision on student loans. Here are the choices he is weighing.
Many borrowers took out student loans anticipating debt forgiveness, survey says
Many student loan borrowers took out loans in recent years with the belief that the Biden administration would cancel student loan debt, a recent survey said.
June job growth revealed amid recession fears
The jobs report in June was strong, despite risks of a recession on the horizon. Here's what that means for interest rates.
Majority of Americans support forgiving $10K in student debt: poll
A new poll showed that a slight majority of Americans support canceling up to $10,000 in student loan debt. However, that support waivers if the amount is increased.
Gas prices surge to $5 per gallon, reaching all-time high: AAA
Gas prices hit $5 per gallon in June, marking a new all-time high, according to data from AAA.