Tag Archives: MoneyWatch

A former U.S. congressman from Indiana, technology company executives, a man training to be an FBI agent, and an investment banker were among nine people charged in four separate and unrelated insider trading schemes revealed on Monday with the unsealing of indictments in New York City. It was one of …

The number of Americans applying for unemployment benefits last week rose to the highest level in more than eight months, indicating the hot labor market may be weakening. Applications for jobless aid for the week ending July 16 rose by 7,000 to 251,000, up from the previous week’s 244,000, the …

Gasoline prices in the U.S. could soon drop to an average of $4 a gallon, according to a Biden energy adviser.  That forecast comes as prices at the pump, which hit a record of $5.02 a gallon on June 14, have steadily dropped over the past month. The average national …

America’s red-hot housing market is starting to cool as mortgage rates spike. Home prices in April rose 20.4% from a year ago, according to the latest S&P CoreLogic Case-Shiller Index, down slightly from an increase of 20.6% the previous month. Abbey Omodunbi, senior economist for PNC Financial Services, attributed the dip …

U.S. stocks meandered Friday, ending a punishing week mixed after tumbling the prior day on fears that economic activity would be curtailed by interest rate hikes to cool inflation. After turning tail on Thursday, benchmark indexes fell in afternoon trading, with the Dow Jones Industrial Average dipping 38 points, or …

Las Vegas chapels of love that use Elvis Presley’s likeness could find themselves becoming Heartbreak Hotels. The licensing company that controls the name and image of “The King” is ordering Sin City chapel operators to stop using Elvis in themed ceremonies, the Las Vegas Review-Journal reported on Monday. Authentic Brands …

Anne Van Donsel said she didn’t quite believe it when her hometown of Burlington, Vermont, last year sent her a new property tax assessment stating that the value of her home had doubled — raising her property taxes by 20%.  Her property taxes jumped to about $12,000 a year, up …

Food prices in the U.S. are rising, but sticker shock at the grocery store is especially acute in the egg and poultry aisles, as a highly contagious avian flu decimates commercial poultry flocks across the U.S.  Highly pathogenic avian influenza, or bird flu, is spreading across the U.S., forcing farmers …

The feud between Ron DeSantis and Florida’s largest private employer now centers on whether the state can legally dissolve the special tax district that governs Walt Disney World, as the governor and local lawmakers did last week. The sparring began after DeSantis last month signed a controversial bill barring schools …

It may come as little surprise that many Americans are besieged by medical bills, especially as the COVID-19 pandemic grinds on. Perhaps more eye-opening is that this is often for debt they have already paid or do not actually owe. In a new report, the Consumer Financial Protection Bureau found …