U.S. Economy

Kroger CEO Rodney McMullen told CNBC on Thursday he does not anticipate problematic food inflation in 2021 but that month-to-month prices may be volatile.

The average monthly new auto loan payment is approaching $600 according to Experian, which analyzes millions of new and used vehicle loans.

Mortgage interest rates rose at the fastest pace last week in over a year, throwing cold water on already cooling demand.

A group of Democrats want sustained direct stimulus checks and unemployment support tied to economic conditions in President Biden’s recovery plan.

Democrats are shelving their plans for a $15 federal minimum wage for now. The current minimum, $7.25, isn’t a living wage for full-time workers in any state.

It’s not an overstatement to say that semiconductors power the modern world. They’re not only a key component of nearly every electronic device we buy and use, they also power the factories that make the electronic devices we buy and use. And now, there aren’t enough of them being made. To find a long-term fix, President Joe Biden just...

Rising interest rates that shook investors are well short of anything that poses a broader threat to the market, according to Goldman.

House Democrats approved their $1.9 trillion coronavirus relief bill as the party tries to get the rescue package to President Joe Biden.

Democrats are trying to pass the $1.9 trillion relief bill, which includes direct payments and unemployment benefits, by March 14.

A New York homebuilder has put a 3D-printed home on the market for the first time in the United States, and he is getting a lot of offers.

Total mortgage application volume fell 11.4% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.

December is usually the slowest month for the housing market, but price gains didn’t slow down one bit in 2020.

Democrats are pushing to get a $15 federal minimum wage into President Joe Biden’s Covid relief package. For many, that pay still wouldn’t be enough.

President Joe Biden called for extra unemployment benefits to phase out based on economic or health metrics. But there’s one problem: Which metric to use?

“It would have been three miserable days without the truck,” Jerry Hall, 73, of Kerrville, Texas, said in a phone interview.

After a brief pullback in December, homebuyers returned to the market, although they are still being hampered by record low supply.

Treasury Secretary Janet Yellen said Thursday that any tax increases sought by the Biden administration would be introduced gradually.

Extreme winter weather in the South and resulting power outages increase demand for generators, Generac CEO Aaron Jagdfeld said.

The average contract interest rate for 30-year fixed-rate mortgages increased to 2.98% from 2.96% last week. Total mortgage application volume fell 5.1% last week from the previous week, according to the Mortgage Bankers Association. Applications to refinance a home loan fell 5% for the week. Mortgage applications to purchase a home fell 6% for the week. Another week of rising…

Struggling homeowners received some welcome news Tuesday, with the Biden administration announcing it will extend forbearance and foreclosure relief.