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Traders work on the floor of the New York Stock Exchange during morning trading on Feb. 22, 2023. The stock market slightly bounced back at the opening after all three major indexes fell at least 2% at the closing of the market on Tuesday amid the release of the Federal Reserve's latest meeting minutes.
March will bring bear-market risks for US stocks, Morgan Stanley says
The headwinds for U.S. equities are set to increase even further in March, with stocks coming under pressure from faltering earnings and high valuations, according to Morgan Stanley … more
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A house flooded by water due to Hurricane Ian at Stillwright Point in Key Largo, Fla, on Sept. 29, 2022.
US housing market is overvalued by billions due to ignored flood risk
U.S. homes in areas prone to floods may be currently overvalued in the range of $121 billion to $237 billion, according to a report published Thursday in the journal Nature Climate Change.Roughly, … more
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U.S. Sen. Elizabeth Warren, D-Mass., was among the champions of the Consumer Financial Protection Bureau at its creation.
Supreme Court to decide fate of Obama-era Consumer Financial Protection Bureau
WASHINGTON — The Supreme Court said Monday it would decide on the constitutionality of the Consumer Financial Protection Bureau, created in the wake of the 2008 Wall Street collapse and funded … more
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Meta Platforms Inc. has funded "Take It Down," a free service, that lets minors or their parents anonymously submit photos or videos they fear might be uploaded to the internet or that have already been distributed online.
Meta's ‘Take It Down’ tool helps minors remove explicit photos from web
Meta Platforms Inc. has funded the creation of a tool that helps minors remove nude, partially nude or sexually explicit images of themselves from the internet in partnership with the National Center … more
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Used cars are displayed for sale at an auto dealership in California earlier this year. The Commerce Department released data today showing that retail sales saw a three percent jump in January, the biggest gain in almost two years. Sales increased 6.4 percent at automobile and other vehicle dealers.
AutoNation expects used-car price drop as volumes recover
AutoNation Inc., one of the biggest car dealership chains in the U.S., expects prices for new and used cars to decline this year as manufacturers crank up volumes and offer more incentives to … more
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TSA confiscated more than 6,500 guns from passengers last year
The Transportation Security Administration seized more than 6,500 guns from airplane passengers in 2022, a new record for the agency.TSA agents confiscated 6,542 guns — 88% of which were loaded — … more
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As prices rise, so do payment requests under $5 for users of so-called digital wallets like Venmo.
Dude, you owe me $2: 'Venmo Vultures' scrape for small debts in a tight economy
See them circling? Feel their gaze?The "Venmo Vultures" are out there — and they want their money.Say your pal laid out the cash for your latte at the place near the thing where you went that time. … more
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In this file photo, flu and coronavirus (COVID-19) vaccine signage at a New York drug store earlier this year.
End of public health emergency causes cascade of changes
The Biden administration’s plan to unwind the public health emergency tied to the COVID-19 pandemic will spur a whirlwind of changes related to telehealth, Medicaid, pharmaceuticals … more
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As droughts become more frequent, governments all over the world are looking at ways to balance water supply and demand, including by raising prices.
Want people to use less water? Tell them it’s going to cost more
When people hear that their water is going to cost more, they start to use less of it.That seemingly obvious finding comes from a new study led by researchers at the National University of Singapore … more
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Raquel Gabin (left) hugs her mother Joseline Castanos while listening to speakers during the Moms Demand Action Gun Violence Rally on June 8, 2022, in Washington, D.C.
Court overturns federal law that kept guns away from people with restraining orders
The decades-old U.S. law barring Americans who commit domestic-violence from possessing guns contradicts the nation’s “historical tradition” of access to firearms even for people who aren’t … more
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A man pumps gas at an Exxon Mobil gas station on June 9, 2022, in Houston.
Peak gasoline heralds price shocks for drivers, inflation headaches
Gasoline demand in the U.S. has peaked, with a surprise slowdown last year signaling that consumption is unlikely to ever again return to pre-COVID levels.This long-awaited milestone shows that … more
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The American health system “can seem designed to discourage people from using services,” according to a recent report: U.S. Health Care from a Global Perspective.
US leads world in health-care spending yet key health outcomes lag, study says
The U.S. spends as much as three times more on health care per person as other high-income countries, yet residents are often less likely to visit doctors, according to a report that highlights poor … more
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People check in for departure flights at the George Bush Intercontinental Airport on Sept. 2, 2022, in Houston.
Fewer flights and higher fares making air travel a luxury for many
The jet era that globalized air travel for half a century was brought to an abrupt halt with COVID. Now, planes are back in the skies, but flying’s proliferation is in reverse: Fewer aircraft are … more
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Want people to use less water? Tell them it’s going to cost more
When people hear that their water is going to cost more, they start to use less of it.That seemingly obvious finding comes from a new study led by researchers at the National University of Singapore … more
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Shoppers walk through a Los Angeles shopping mall in December.
US GDP expands at healthy 2.9% pace while slowdown signs mount
The U.S. economy expanded at a healthy pace in the fourth quarter, though signs of slowing underlying demand mounted as the steepest interest-rate hikes in decades threaten growth this year.Gross … more
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Homes in the Travisso development in Travis County.
US housing market cools with prices down 2.5% from peak in June
The US housing slump stretched into a fifth month, sending a measure of prices down 2.5% from a peak in June.Prices also fell roughly 0.3% in November from a month before, according to a seasonally … more
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Flight status boards show Southwest flights either canceled or delayed up and down the board at Dallas Love Field.
FAA adds safeguards to US flight system to prevent new outages
The U.S. government has added new protections to the aviation notice system that led to thousands of disruptions earlier this month in an attempt to prevent such failures in the future, the Federal … more
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In this aerial view, completed and under construction new homes at a site in Trappe, Maryland, on October 28, 2022. - New home sales in the US dipped in September, official data showed on October 26, 2022, as worsening affordability nudges ownership further out of reach for many. Sales soared during the coronavirus pandemic as Americans snapped up homes on the back of bargain mortgage rates, but the sector has cooled with the US Federal Reserve hiking lending rates as it fights to bring down surging inflation. (JIM WATSON/AFP via Getty Images/TNS)
Mortgage rates in the US slip for a fourth week, hitting 6.09%
Mortgage rates in the U.S. fell for a fourth straight week.The average for a 30-year, fixed loan was 6.09%, down from 6.13% last week, Freddie Mac said in a statement Thursday. Mortgage costs … more
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A hiring sign at a convention and visitors bureau hiring event focused on the hospitality industry.
US payrolls surprise with surge as jobless rate hits 53-year low
The U.S. labor market burned red-hot in January as hiring unexpectedly surged and unemployment fell to a 53-year low, defying recession forecasts and adding pressure on the Federal Reserve to keep … more
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President Joe Biden speaks during a visit to the Belmont Water Treatment Plant on Friday, Feb. 3, 2023, in Philadelphia. (Jose F. Moreno/The Philadelphia Inquirer/TNS)
US downs Chinese balloon, prompting protests from Beijing
The U.S. shot down an alleged Chinese surveillance balloon off the South Carolina coast on Saturday, capping days of waiting as it traversed the country and injected new tension into relations with … more
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