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Economy

Latest updates on the U.S. economy.

Great wealth transfer is underway in US — to women

Great wealth transfer is underway in US — to women

A McKinsey & Company study released in 2020 found women are set to control much of the unprecedented $30 trillion in assets held by baby boomers by the end of the decade.

February 5, 2024 12:53pm PST
2026 World Cup: Seattle expecting $100 million in economic impact

2026 World Cup: Seattle expecting $100 million in economic impact

Seattle is among a handful of other U.S. cities showcasing the 2026 FIFA World Cup, which will bring a huge impact to the city, both emotionally and financially.

February 4, 2024 5:19pm PST
US home prices hit a new record high in November

US home prices hit a new record high in November

US home prices rise again in November as inventory shortage persists

January 31, 2024 3:10pm PST
Major bank announces elimination of 20,000 jobs after losses

Major bank announces elimination of 20,000 jobs after losses

Citigroup announced a net loss of $1.8 billion in the fourth quarter.

January 14, 2024 6:07am PST
New Kentucky bill could exempt diapers from state's sales tax

New Kentucky bill could exempt diapers from state's sales tax

For weary parents rolling up their sleeves for diaper duty, a bill in Kentucky would deliver tax relief when purchasing a necessity that adds up to a big expense.

January 12, 2024 12:02pm PST
Lower gas prices expected in 2024 and weather, geopolitics could play role

Lower gas prices expected in 2024 and weather, geopolitics could play role

Analysts said growing oil production in the U.S., as well as greater inventories, could lead to prices falling by at least 15 cents through the year.

January 4, 2024 9:34am PST
US national debt nears $34 trillion; majority of voters say economy is in bad shape

US national debt nears $34 trillion; majority of voters say economy is in bad shape

The U.S. government’s total debt was fast approaching $34 trillion as of Friday afternoon, according to the latest numbers from the U.S. Treasury.

December 31, 2023 11:21am PST
Housing affordability plummeted to lowest level on record in 2023

Housing affordability plummeted to lowest level on record in 2023

Just a fraction of homes for sale in 2023 were affordable for the typical American

December 22, 2023 3:53pm PST
Gen X advised to ‘stop spending’ due to largest retirement savings wealth gap of any generation

Gen X advised to ‘stop spending’ due to largest retirement savings wealth gap of any generation

Economist argues less spending equals a 'milder’ recession.

December 21, 2023 1:30pm PST
Federal Reserve nears victory over historic inflation, defying predictions of recession

Federal Reserve nears victory over historic inflation, defying predictions of recession

The cost of goods — such as used cars, furniture and appliances — has fallen for six straight months.

December 16, 2023 1:50pm PST
Rent prices show biggest decline in more than 3 years, Redfin report says

Rent prices show biggest decline in more than 3 years, Redfin report says

Redfin says its the biggest annual price drop in rents since 2020.

December 14, 2023 12:49pm PST
Federal Reserve holds key interest rate steady, anticipates three rate cuts next year

Federal Reserve holds key interest rate steady, anticipates three rate cuts next year

The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time.

December 13, 2023 1:32pm PST
How much do stamps cost now? Here’s what you will spend to send out holiday cards amid inflation

How much do stamps cost now? Here’s what you will spend to send out holiday cards amid inflation

Still need to send out your holiday cards? It will cost you more this year.

December 8, 2023 10:31am PST
'Home Alone' fans shocked by almost 250% increase in grocery prices since iconic shopping trip

'Home Alone' fans shocked by almost 250% increase in grocery prices since iconic shopping trip

Kevin McCallister's grocery list in the classic film "Home Alone" has gone from $19.83 in 1990 to $72.28 in 2023.

December 8, 2023 4:08am PST
Ex-WSDOT accountant blames Inslee's policies for high gas prices, preps lawsuit

Ex-WSDOT accountant blames Inslee's policies for high gas prices, preps lawsuit

A former Washington State Department of Transportation (WSDOT) employee is threatening to sue the state. Whistleblower Scott Smith claims he was retaliated against and eventually pushed out of his job for telling the truth about the state’s hotly contested cap-and-trade program.

December 1, 2023 6:11pm PST
US housing market has 'big hole' to dig out of, economist says

US housing market has 'big hole' to dig out of, economist says

New home construction is a 'multiyear problem,' according to Realtor.com chief economist Danielle Hale.

December 1, 2023 10:36am PST
Black Friday outlook: Washingtonians expected to spend more this year, Macy's employees plan strike

Black Friday outlook: Washingtonians expected to spend more this year, Macy's employees plan strike

A staggering 182 million people are expected to shop from Thanksgiving to Cyber Monday. According to new research, despite recent inflation and elevated interest rates, Washingtonians are expected to spend more this year.

November 23, 2023 5:27pm PST
Food banks struggle to meet holiday demands with rising prices

Food banks struggle to meet holiday demands with rising prices

Inflation is driving up food prices, and food stamp benefits have been slashed as pandemic funding ran out. Food banks might not have enough to give this holiday season.

November 20, 2023 7:37pm PST
Rent hikes, strict rules: Puyallup mobile home community feels taken advantage of

Rent hikes, strict rules: Puyallup mobile home community feels taken advantage of

Astronomical rate hikes, some as much as 50 percent, have Puyallup mobile homeowners outraged. After feeling ignored by property owners, frustrated neighbors hope to take their case to the Washington State Attorney General’s Office.

November 18, 2023 5:46pm PST
Where are mortgage rates headed amid easing inflation? Experts weigh in

Where are mortgage rates headed amid easing inflation? Experts weigh in

Tuesday’s new report from the Labor Department showed that prices either fell or rose more slowly across a broad range of goods including housing.

November 14, 2023 10:46am PST
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Driver killed in single-car crash on SR-512 in Parkland, WA

Driver killed in single-car crash on SR-512 in Parkland, WA

Milwaukee County Judge Dugan trial: Live updates Wednesday, Dec. 17
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Wind storm knocks out power to 500K in WA, OR

Wind storm knocks out power to 500K in WA, OR

LIVE UPDATES: WA power outages, flooding, blizzard warning, road closures
Live Now

LIVE UPDATES: WA power outages, flooding, blizzard warning, road closures

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Stimulus payment December 2025, IRS direct deposit relief payment & tariff dividend fact check

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Flooding, evacuations, road closures persist in western WA

Washington rolls to 38-10 victory over Boise State in LA Bowl

Washington rolls to 38-10 victory over Boise State in LA Bowl

Colts promote Philip Rivers to active roster ahead of matchup with Seattle Seahawks

Colts promote Philip Rivers to active roster ahead of matchup with Seattle Seahawks

Gov. Ferguson, WA senators tour Mount Vernon’s flood wall after atmospheric river

Gov. Ferguson, WA senators tour Mount Vernon’s flood wall after atmospheric river

Seattle Weather: Light Showers on Sunday

Seattle Weather: Light Showers on Sunday

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WEATHER ALERT DAY
LIVE UPDATES: Hundreds of thousands without power in WA, OR

LIVE UPDATES: WA power outages, flooding, blizzard warning, road closures
WEATHER ALERT DAY
Track closings, delays in western Washington for Wednesday

'Do not travel': NWS issues blizzard warning for WA Cascades and Olympics
WEATHER ALERT DAY
'Do not travel': NWS issues blizzard warning for WA Cascades and Olympics

WA governor warns of months-long closure of 50-mile stretch of US 2
WEATHER ALERT DAY
WA governor warns of months-long closure of 50-mile stretch of US 2

Pacific, WA under 'Go Now' Evacuations after White River levee break
WEATHER ALERT DAY
Drone video shows Pacific, WA neighborhood flooded after levee break

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