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Economy

Stay informed with the latest updates on global and local economies, covering growth trends, market shifts, and policies that shape financial landscapes.

Homebuyers score record discounts as sellers slash prices nationwide

  • November 28, 2025
  • 7:34 PM

Housing market sees major price cuts in expensive cities like San Jose and Los Angeles, while affordable markets maintain steady demand and stability, a new report found.

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IRS releases guidance for Trump’s ‘no tax on tips’ and overtime deductions: What to know

  • November 28, 2025
  • 2:35 PM

The IRS released new guidance for no tax on tips and overtime deductions under the One Big Beautiful Bill Act. Eligible workers can claim up to $25,000 for tips and $12,500 for overtime.

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Recent college grads are losing their edge in the job market, study shows

  • November 26, 2025
  • 6:07 PM

The unemployment gap between college and high school graduates has reached its lowest level in decades, according to a new report from the Cleveland Fed.

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Tariffs have surprising effect on unemployment and inflation patterns, Fed analysis reveals

  • November 26, 2025
  • 1:00 PM

The San Francisco Federal Reserve warns that current tariffs are "unprecedented in magnitude" compared to 40 years of trade data, making economic predictions uncertain.

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Consumer confidence falls sharply as Americans worry about the economy

  • November 25, 2025
  • 9:36 PM

Consumer confidence plunged in November to lowest level since April as Americans cite inflation, tariffs, and uncertainty as weighing on sentiment, according to The Conference Board.

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Builders cut prices and offer new home incentives as affordability gap shrinks

  • November 25, 2025
  • 8:25 PM

The housing affordability gap narrows as new home prices become competitive with existing properties, especially in South and West where inventory increased, a new report found.

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Nearly 1 in 4 American households living paycheck to paycheck, report reveals

  • November 25, 2025
  • 2:00 PM

A new Bank of America Institute report shows 24% of U.S. households live paycheck to paycheck in 2025, up from last year as inflation continues to outpace wages.

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5 on board American Airlines flight hospitalized after odor diverts plane

  • November 25, 2025
  • 12:20 PM

American Airlines Flight 2118 was diverted to Houston, Texas, after the crew "reported fumes in the flight deck and cabin," according to the FAA.

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New car prices soar to historic high as buyers face mounting sticker shock

  • November 22, 2025
  • 12:00 PM

Car prices are nearing a historic milestone as the average cost of a new vehicle approaches $50,000, with buyers facing $766 monthly payments and rising interest rates nationwide.

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Middle-income Americans pessimistic about their financial future amid persistent inflation, analysis shows

  • November 21, 2025
  • 6:00 PM

Study reveals only 21% of middle-income Americans expect better finances next year, down from 33% in 2020, as inflation creates widespread pessimism.

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