UAW president calls GM's offer 'insulting proposal,' tells automaker to stop wasting time
"After refusing to bargain in good faith for the past six weeks, only after having federal labor board charges filed against them, GM has come to the table with an insulting proposal that doesn’t come close to an equitable agreement for America’s autoworkers," UAW President Shawn Fain said of GM's offer to the union.
Farmers Insurance to layoff 2,400 staff across entire business
The employees getting laid off represent about 11% of the insurance provider's staff.
Home affordability is the worst it has been in nearly 40 years, study shows
U.S. home prices recently faced their sharpest rise since November.
Popular summer vacation destinations across US see uptick in vacancies
Vacation hotspots across the country saw vacancy rates as high as 20% this summer
Home prices will rise in 2023 as affordability crisis worsens, Goldman says
Goldman Sachs projects home prices to climb by 1.8% this year amid housing shortage
Federal Reserve signals potential interest rate hikes to sustain strong US economy
The continued strength of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said.
Survey: Gen Z, millennial couples say it's too expensive to get married
More Gen Z and millennials are saying “I do…not."
Here's how much workers are demanding to start a new job
The lowest wage that American workers are willing to take in order to accept a new job has hit a record high this year, survey results show.
Americans burning through excess savings from the pandemic, SF Fed study says
Americans are burning through the excess savings they accumulated during the COVID-19 pandemic thanks to a big burst of stimulus money from the federal government and limited spending.
Homebuilder sentiment plummets as mortgage rates surge again
Builder confidence unexpectedly dropped for first time this year.
Biden heads to Wisconsin to talk about economy a week before GOP presidential debate
Joe Biden's trip to Wisconsin Tuesday is also on the eve of the first anniversary of the Inflation Reduction Act, a major economic bill the president signed into law.
Inflation forcing Americans to spend $709 more per month than 2 years ago: economist
Inflation has created financial pressures for most U.S. households and forced them to pay more for daily necessities like food and rent.
Layoffs begin in the film industry as Hollywood strikes continue
Some businesses haven't had a customer in months, while other companies are concerned about bankruptcy if the strikes continue.
'We have a plan': Biden claims policies are reviving US manufacturing
The president will make the case in a speech in New Mexico Wednesday that his financial and tax incentive policies have revived U.S. manufacturing.
US inflation has cooled, but getting it down to the Fed's target rate will be the toughest mile
Squeezing out the last bit of excess inflation and reducing it to the Federal Reserve's 2% target rate is expected to be a much harder and slower grind.
Is not having a 401(k) as a benefit becoming a deal breaker for new hires?
A 401(k) is usually workers’ first experience with investing, expert says
The US government's debt has been downgraded. Here's what you need to know
The downgrade may have little impact on financial markets long-term or on the interest rates the U.S. government will pay.
CVS to lay off 5,000 employees as it seeks to cut costs
The Rhode Island-based pharmacy giant said in a statement that it is eliminating "a number of non-customer facing positions" throughout the company
Why 'loud quitting' is not recommended by job experts (hint: grace and dignity are far better)
Human resources experts strongly caution against 'loud quitting' — here's why
Wholesale used car prices dip to pre-pandemic levels, report finds
The decline in vehicle prices shows a change in the used car market, which has been affected in part by supply chain issues and increased consumer demand.