Vast majority of U.S. homes are unaffordable to the average buyer
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
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As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
Despite sky-high inflation, Americans are spending big on things like vacations and cars.
Growth was slower and inflation higher at the end of 2022 than the government initially estimated.
The home-improvement store said it is investing $1 billion in pay raises for its employees.
1 in 4 parents has had to quit a job because of child care problems, according to the study.
Americans want compromise. The prospect of default impacts views.
U.S. economy grew at 2.9% rate in last three months of year despite pressure of high rates and fears of recession.
Inflation dropped to still-high 6%, likely bolstering Fed's resolve to keep raising interest rates well into 2023.
The House vote to impose a contract brokered by the White House but rejected by some workers was 290 to 137.
"Prices will be higher, and we will see flights sell out for both holidays," one travel pro said.
Stacy Smith and his panel of experts share their opinions on investing in the latest stock market trends.
Stacy Smith and his panel of experts share their opinions on investing in the latest stock market trends.
Stacy Smith and his panel of experts share their opinions on investing in the latest stock market trends.
Stacy Smith and his panel of experts share their opinions on investing in the latest stock market trends.
A new government report shows Americans are spending beyond their means.
The Bureau of Labor Statistics released its quarterly index, showing wages have increased but they're not keeping up with inflation.
The Bureau of Economic Analysis released its latest index. The index measures prices paid by consumers for goods and services. It showed consumer spending increased over a half percent from August to September while savings fell and incomes only grew 0.4%.
Some housing analysts expect interest rates for conventional home loans to hit double digits by early next year.
For the first time in a decade, seniors will pay less next year on monthly premiums for Medicare's Part B plan.
But a stock market slump and rising borrowing costs could dim Americans' economic outlook, Wall Street analysts said.
A new CBS News Battleground Tracker poll is diving deeper into the heated races coming up in the midterm elections.
Inflation eased last month as energy prices tumbled, according to a report closely watched by the Federal Reserve.
A growing number of Americans say they're done going the extra mile for their employers. Some experts call that progress.
Retailer's profits plunge after it slashes prices to clear unwanted inventories of clothing, home goods and other items.
CBS News Business Analyst Jill Schlesinger discusses the economy, the possibility of a recession and what the would mean for you.
