Economist urges Fed to meet 'now' to cut rates as stocks tumble: It's a 'frightening time'
Economist Stephen Moore urged the Federal Reserve to address falling commodity prices and shift from inflation concerns to deflation, while Fed Chairman Jerome Powell indicated a potential rate cut if inflation cools, amidst a market meltdown driven by recession fears.
Economist Stephen Moore urged the Federal Reserve to address falling commodity prices and shift from inflation concerns to deflation, while Fed Chairman Jerome Powell indicated a potential rate cut if inflation cools, amidst a market meltdown driven by recession fears.
Dow drops 1K points, Japanese stocks suffer worst crash since 1987
Nearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.
Nearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.
Seattle’s Scarecrow Video holds fundraiser, needs $1.8 million to survive
"It’s a resource everyone loves." Scarecrow Video in the University District boasts the largest public video collection in the world--but they're in trouble, hoping to raise a lot of cash by December.
"It’s a resource everyone loves." Scarecrow Video in the University District boasts the largest public video collection in the world--but they're in trouble, hoping to raise a lot of cash by December.
New plan announced for student loan bailouts
The Biden Administration has announced a new plan for student loan bailouts, with the rules of the latest move set to be finalized this fall.
The Biden Administration has announced a new plan for student loan bailouts, with the rules of the latest move set to be finalized this fall.
'No Buy Challenge' encourages people to save money
The rules of the latest viral TikTok trend are simple: make a list of all the non-essential items you will not spend money on for a set length of time and stick to it.
The rules of the latest viral TikTok trend are simple: make a list of all the non-essential items you will not spend money on for a set length of time and stick to it.
Dow, S&P 500, Nasdaq have worst session since 2022
U.S. stocks registered the worst session since 2022 after a string of weak economic reports jolted investor fears that a recession may be brewing.
U.S. stocks registered the worst session since 2022 after a string of weak economic reports jolted investor fears that a recession may be brewing.
Study ranks US states with most financially-distressed residents
WalletHub's recent study reveals the U.S. states with the most financially-distressed residents, highlighting surprising trends and economic struggles. Michigan tops the list, followed closely by Texas and Nevada.
WalletHub's recent study reveals the U.S. states with the most financially-distressed residents, highlighting surprising trends and economic struggles. Michigan tops the list, followed closely by Texas and Nevada.
WA launches electric vehicle (EV) rebate program. Here's who qualifies
Electric vehicle rebates of up to $9,000 combined with federal credit will make leasing certain EV models under $100 a month.
Electric vehicle rebates of up to $9,000 combined with federal credit will make leasing certain EV models under $100 a month.
Biden Administration preps new student debt relief
With just about five months left in the Oval Office, President Joe Biden is trying to wipe out more student debt.
With just about five months left in the Oval Office, President Joe Biden is trying to wipe out more student debt.
New bills aim to make child care more affordable
A Virginia Democrat and an Alabama Republican coming together in an attempt to make child care affordable.
A Virginia Democrat and an Alabama Republican coming together in an attempt to make child care affordable.
Federal Reserve sees progress with inflation, hinting that a rate cut is near
The Federal Reserve said progress was made to lower inflation, suggesting that the central bank is moving closer to cutting its key interest rate for the first time in four years.
The Federal Reserve said progress was made to lower inflation, suggesting that the central bank is moving closer to cutting its key interest rate for the first time in four years.
Here's how many Americans admit to shoplifting, and where they do it most often
The majority of Americans who admitted to recently shoplifting said inflation and finances were a factor in their decision.
The majority of Americans who admitted to recently shoplifting said inflation and finances were a factor in their decision.
National debt exceeds $35 trillion for first time
For the first time in U.S. history, the national debt just surpassed $35 trillion.
For the first time in U.S. history, the national debt just surpassed $35 trillion.
Starbucks quarterly revenue falls on weak traffic in US and China
Starbucks' revenue fell 1% in the April-June period as customer traffic weakened in the U.S. and China.
Starbucks' revenue fell 1% in the April-June period as customer traffic weakened in the U.S. and China.
US national debt tops $35 trillion, hitting new record
The U.S. gross national debt hit $35,001,278,179,208.67 on Monday, according to the Treasury Department.
The U.S. gross national debt hit $35,001,278,179,208.67 on Monday, according to the Treasury Department.
A $1 million starter home is the norm the in some WA cities
Depending on where you live, $1 million might not be enough to get you a starter home, including in some parts of the Seattle metro area.
Depending on where you live, $1 million might not be enough to get you a starter home, including in some parts of the Seattle metro area.
A $1 million starter home is the norm in over 200 cities, including some in WA
Depending on where you live, $1 million might not be enough to get you a starter home, including in some parts of Pierce, King and Snohomish County.
Depending on where you live, $1 million might not be enough to get you a starter home, including in some parts of Pierce, King and Snohomish County.
Soaring rents and mortgages outstrip wages: Harvard study
High housing costs are making it hard for many Americans to make ends meet, and monthly rents are rising faster than wages, according to a new study from Harvard.
High housing costs are making it hard for many Americans to make ends meet, and monthly rents are rising faster than wages, according to a new study from Harvard.
Parents say schools asking too much for back-to-school supplies: Survey
Parents are expected to spend billions of dollars collectively on back-to-school shopping this year.
Parents are expected to spend billions of dollars collectively on back-to-school shopping this year.
US economic growth increased last quarter to a healthy 2.8% annual rate
The nation’s economy accelerated last quarter at a strong 2.8% annual pace, with consumers and businesses helping drive growth despite the pressure of continually high interest rates.
The nation’s economy accelerated last quarter at a strong 2.8% annual pace, with consumers and businesses helping drive growth despite the pressure of continually high interest rates.