U.S. Economy

For younger first-time buyers, the small military city of Killeen, Texas, is considered the best place to buy a home.

As Yellow customers like Walmart and Home Depot take their shipments to other carriers, prices will go up.

The unemployment rate fell from 3.7% to 3.6%, near a five-decade low.

Chocolate lovers are up for a bitter disclosure: prices of their favorite snack are about to rise further on the back of elevated cocoa prices.

Treasury Secretary Janet Yellen said Friday that the United States will likely have enough reserves to push off a potential debt default until June 5.

Debt ceiling negotiators are zeroing in on a small list of key issues after President Joe Biden and House Speaker Kevin McCarthy met Monday afternoon.

First Republic Bank’s 84 branches in eight states will reopen Monday as branches of JPMorgan Chase Bank.

America’s employers added a solid 236,000 jobs in March, reflecting a resilient labor market and suggesting that the Federal Reserve may see the need to keep raising interest rates in the coming months. The unemployment rate fell to 3.5%, not far above the 53-year low of 3.4% set in January. Last month’s job growth was down from February’s gain of...

The Federal Reserve extended its year-long fight against high inflation by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system. Fed Chair Jerome Powell sought to reassure Americans that it is safe to leave money in their banks, two weeks after a rush of depositors...

The swift move shocked executives of Signature Bank, said board member and former congressman Barney Frank.

Silicon Valley Bank, a major lender to tech startups, has been shut down by regulators.

The tech-focused bank was closed by regulators on Friday after attempts to raise more capital failed.

Before cleaning out your loose change, make sure you’re not accidentally giving away a rare penny worth thousands of dollars.

Before cleaning out your loose change, read this. There may be a penny in your purse worth hundreds of thousands of dollars.

When it comes to reassuring Americans about an economy that’s an election-year challenge to his party, President Joe Biden is telling the country to hold on.

The value of the U.S. dollar has been on a tear for more than a year against everything from the British pound across the Atlantic to the South Korean won across the Pacific.

The Federal Reserve announced Wednesday that they have raised the benchmark interest rate by 0.75% to curb high inflation.

You already know — higher prices on just about everything have been hitting our wallets for a while now. But there are signs things might be slowing down. Annette Arreola reports for Today in LA on Thursday, July 14, 2022.

As the Fed tries to pump the brakes on inflation, it will get more expensive to borrow. Here’s how to prepare.

Millions of people are quitting their jobs each month, while job openings are near record highs and layoffs are low. But the labor trend may have plateaued.