Tag: Breaking News: Economy
Airfare is cooling as carriers add service for summer
Passengers at Reagan National Airport in Arlington, Virginia on May 26, 2023.Andrew Caballero-Reynolds | AFP | Getty ImagesFlights are getting cheaper [...]
Small businesses look for teen workers in competitive summer hiring
As the summer hiring market heats up, small and seasonal businesses may find they're missing a key demographic to fill roles – teen workers.Outplaceme [...]
Home prices rose for third straight month in April: S&P Case-Shiller
Ryan Ratliff (C), Real Estate Sales Associate with Re/Max Advance Realty, shows Ryan Paredes (L) and Ariadna Paredes a home for sale on April 20, 202 [...]
High interest rates, economic uncertainty boost corporate defaults
Federal Reserve Board Chairman Jerome Powell departs after speaking during a news conference following the Federal Open Market Committee meeting, at t [...]
Home sales flat in May in sluggish spring market
A sign is posted in front of a home for sale on June 09, 2023 in San Francisco, California.Justin Sullivan | Getty ImagesSales of previously owned hom [...]
Nearly all Americans cut spending amid inflation: CNBC survey
Nearly all Americans are cutting back on their spending in some way, according to a new CNBC and Morning Consult survey.The survey found 92% of Americ [...]
Millionaires hoarding cash, betting on higher rates, CNBC survey says
Millionaire investors are adding to their mountains of cash, betting on higher interest rates and weak stock markets in 2023, according to the CNBC Mi [...]
Wholesale used vehicle prices fall as sales weaken
A sign reads 'We Buy Used Cars!!' at an auto dealership on February 15, 2023 in Glendale, California.Mario Tama | Getty ImagesDETROIT – Wholesale used [...]
Fears of inflation and recession have not slowed consumer travel
Francesco Riccardo Iacomino | Moment | Getty ImagesPersistent inflation and higher interest rates have strained many household budgets, and consumers [...]
Memorial Day air travel tops 2019 levels as consumers shell out for trips
Travelers arrive for flights at O'Hare Airport on May 25, 2023 in Chicago, Illinois.Scott Olson | Getty ImagesMemorial Day air travel surpassed pre-Co [...]
Airlines offer more U.S.-Europe service — but don’t expect bargains
A traveller walks in the Terminal 2 corridors of the Roissy-Charles de Gaulle airport with Air France airplanes in the background, in the northeastern [...]
JPM’s Jamie Dimon warns of market panic as U.S. nears default
JPMorgan Chase and Company President and CEO Jamie Dimon testifies before a Senate Banking, Housing, and Urban Affairs hearing on "Annual Oversight of [...]
JetBlue adds frequent flyer rewards for incremental spending
JetBlue Airways plane seen at Cancun International Airport. On Wednesday, 23 March 2022, in Cancun International Airport, Cancun, Quintana Roo, Mexico [...]
American Airlines pilots vote for potential strike amid negotiations
Pilots talk as they look at the tail of an American Airlines aircraft at Dallas-Ft Worth International Airport.Mike Stone | ReutersAmerican Airlines p [...]
Mortgage demand rises despite volatile interest rates
Demand for mortgages increased for the second straight week, despite some volatility in mortgage rates.Total application volume rose 6.5% last week co [...]