Home prices have slumped during the second half of 2022, with demand for residential real estate cooling off in a number cities across the U.S. Prices could continue to fall by as much as 20% next year as mortgage rates climb and the housing market normalizes in wake of the pandemic, …
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Searing inflation is driving Americans to make more purchases on their credit cards, leading leading them to amass more debt that is becoming costlier as the Federal Reserve hikes interest rates. Early in the pandemic, many families had more cash on hand as they cut their spending on things like …
Read More »About 23 million California residents are likely to receive an “inflation relief” check within days, part of Governor Gavin Newsom’s plan to offer financial assistance to many working families walloped by high gasoline prices. The checks are part of a $17 billion relief package that also suspended the state’s sales …
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The Federal Reserve is moving full speed ahead to curb inflation by hiking interest rates — even as officials concede that will put many Americans out of work. In defending its policies, meanwhile, the Fed has said there’s no “painless way” to lower food, rent and other prices. Yet while …
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United Airlines is halting flights in and out of John F. Kennedy International Airport at the end of the month. The Chicago-based United said it warned weeks ago that it might suspend service if the Federal Aviation Administration did not grant the airline additional flights at JFK. On Friday, it …
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Some Hyundai and Kia cars and SUVs are missing a “key” anti-theft device, making them an easy target for car thieves. An insurance industry group says these cars are stolen at nearly twice the rate of the rest of the auto industry because their engines lack “immobilizer” systems, which is …
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The average interest rate on a 30-year home loan has hit 6% for the first time since 2008, the Mortgage Bankers Association said Wednesday,. The 6% rate is “essentially double what it was a year ago,” Joel Kan, associate vice president of economic and industry forecasting at the trade group, …
Read More »Electronic cigarette maker Juul Labs will pay nearly $440 million to settle a two-year investigation by 33 states into the marketing of its high-nicotine vaping products, which have long been blamed for sparking a national surge in teen vaping. Connecticut Attorney General William Tong announced the deal Tuesday on behalf …
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The person who won this year’s $1.3 billion Mega Millions lottery has yet to claim the jackpot nearly a month after the ticket was sold. The unknown individual bought the winning ticket at a Speedway gas station in Des Plaines, Illinois. It marked the third-largest single winning in U.S. lottery …
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Apple plans to unveil its newest iPhone line in an online streamed event on September 7, according to Bloomberg. The technology giant typically introduces its new devices in a splashy presentation from the company’s Cupertino, California, headquarters. Apple released the iPhone 13 last September. That model featured a faster A15 Bionic …
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