Mortgage activity hits 25-year low as rates rise

The Federal Reserve's strategy of raising interest rates in an attempt to fight sky-high inflation is sending mortgage rates higher, impacting home buyers.

Parents can still claim their expanded child tax credit by Nov. 15, 2022 — here's how

Qualifying families who didn’t file a 2021 tax return still have until mid-November 2022 to claim their remaining Child Tax Credit funds and can use this simple tool.

More couples are asking wedding guests to help buy a home, experts say

The wedding experts at Zola.com (http://zola.com/) said they’ve seen the number of couples asking for housing-related funds double since 2019.

The Great Resignation: How much does it cost to quit your job?

Quitting your job without a new one lined up is a daunting task, and will cost each person differently. Here are some tips for figuring out your number.

Biden signs stopgap bill, averting government shutdown

President Joe Biden has signed into law a bill that finances the federal government through mid-December and provides another infusion of military and economic aid to Ukraine.

Boeing behind schedule in gaining approval for new Max jets

Federal officials say Boeing has completed little of the work necessary to certify new versions of its 737 Max jetliner by a year-end deadline, and the aircraft maker is lobbying Congress for more time.

GOP states sue Biden administration in effort to halt student loan forgiveness plan

Six Republican-led states are suing the Biden administration in an effort to halt its plan to forgive student loan debt for tens of millions of Americans, accusing it of overstepping its executive powers.

Peloton, Dick's Sporting Goods partner to sell equipment

The deal, announced Thursday, marks the exercise and equipment company's latest bid to broaden its market share and become more profitable ahead of the holiday season.

Senate OKs stopgap to avert government shutdown, send aid to Ukraine

Congress is moving quickly to avoid a government shutdown. The Senate on Thursday passed a short-term spending bill that would finance federal agencies into mid-December.

Fewer people request US unemployment benefits amid solid hiring, high inflation

Applications for unemployment benefits last week saw their lowest number of claims since April. If the number continues to drop, the Federal Reserve could raise interest rates higher than it plans to slow the economy.

Costco CEO says hot dog combo price might remain $1.50 forever

Costco CFO Richard Galanti said the company's gas and travel sectors allowed the company to make up for loss at the food court.

CBO: Biden's student loan cancellation plan to cost $400B

The Biden administration previously estimated the plan would cost about $24 billion a year over the next 10 years.

New rule will reveal 'true cost' of airline tickets, White House says

President Joe Biden plans to announce a new initiative that would eventually allow consumers to see a more complete price on airline tickets before they buy them.

Butter shortage drives up prices ahead of holiday baking season

The average price of butter in August jumped 24.6% compared to a year ago, U.S. labor statistics show. Here’s what is driving the increase.

Affordable housing plan to go before Seattle voters

Next year people in Seattle will decide whether the city should set up a public developer to create affordable housing.

Fed hikes rate by three-quarters of a point in continued fight against inflation

The Fed’s move boosted its benchmark short-term rate, which affects many consumer and business loans, to a range of 3% to 3.25%, the highest level since early 2008.